Zcash Price Hits $20.53 on Top Exchanges (ZEC)

Zcash (ZEC) traded 0.3% lower against the U.S. dollar during the 1 day period ending at 10:00 AM Eastern on June 30th. One Zcash coin can now be bought for approximately $20.53 or 0.00033323 BTC on popular cryptocurrency exchanges. Over the last seven days, Zcash has traded 2.5% higher against the U.S. dollar. Zcash has a market cap of $335.19 million and approximately $38.17 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 0.8% against the dollar and now trades at $25.02 or 0.00040619 BTC.
• Horizen (ZEN) traded down 1.2% against the dollar and now trades at $6.54 or 0.00010614 BTC.
• Komodo (KMD) traded 1.1% lower against the dollar and now trades at $0.31 or 0.00000501 BTC.
• Pirate Chain (ARRR) traded down 5.2% against the dollar and now trades at $0.18 or 0.00000295 BTC.
• ZClassic (ZCL) traded 0.9% higher against the dollar and now trades at $0.0499 or 0.00000081 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. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash. 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 possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView