Zcash Price Hits $29.39 (ZEC)

Zcash (ZEC) traded 2.4% lower against the dollar during the twenty-four hour period ending at 22:00 PM ET on September 12th. Zcash has a total market capitalization of $479.81 million and $53.23 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded 0.1% lower against the dollar. One Zcash coin can now be purchased for approximately $29.39 or 0.00050586 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded down 0.1% against the dollar and now trades at $21.71 or 0.00037369 BTC.
• Horizen (ZEN) traded 3% higher against the dollar and now trades at $8.04 or 0.00013834 BTC.
• Pirate Chain (ARRR) traded up 1.9% against the dollar and now trades at $0.18 or 0.00000303 BTC.
• Komodo (KMD) traded 0.8% higher against the dollar and now trades at $0.25 or 0.00000436 BTC.
• ZClassic (ZCL) traded down 3% against the dollar and now trades at $0.0450 or 0.00000078 BTC.

About Zcash

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

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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView