Zcash Price Tops $29.84 on Top Exchanges (ZEC)

Zcash (ZEC) traded up 1% against the US dollar during the one day period ending at 20:00 PM Eastern on September 2nd. One Zcash coin can now be purchased for approximately $29.84 or 0.00050450 BTC on popular exchanges. In the last week, Zcash has traded down 19.2% against the US dollar. Zcash has a market cap of $487.32 million and $63.84 million worth of Zcash was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded 2.2% higher against the dollar and now trades at $21.81 or 0.00036873 BTC.
• Horizen (ZEN) traded 3.4% higher against the dollar and now trades at $7.38 or 0.00012469 BTC.
• Pirate Chain (ARRR) traded 3.1% higher against the dollar and now trades at $0.17 or 0.00000289 BTC.
• Komodo (KMD) traded 4.5% higher against the dollar and now trades at $0.24 or 0.00000411 BTC.
• ZClassic (ZCL) traded up 2.7% against the dollar and now trades at $0.0491 or 0.00000083 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here.

According to CryptoCompare, “ZCash (ZEC) is a digital currency and decentralized open-source cryptocurrency, launched in 2016. It provides users with enhanced privacy and selective transparency of transactions. ZCash is based on the zero-knowledge proof protocol known as zk-SNARKs. This protocol allows the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. Transactions can be audited, verified and tracked without revealing the sender, receiver or transaction amount. ZEC is an inflationary currency, with a maximum supply of 21 million coins. It is accepted by a growing number of merchants, exchanges and other services.”

Buying and Selling Zcash

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView