Zcash (ZEC) Price Hits $20.74 on Major Exchanges

Zcash (ZEC) traded 0.1% lower against the dollar during the 1-day period ending at 20:00 PM Eastern on July 2nd. Zcash has a market cap of $338.70 million and $38.15 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for approximately $20.74 or 0.00033445 BTC on popular cryptocurrency exchanges. Over the last week, Zcash has traded 2.9% higher against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.1% against the dollar and now trades at $25.11 or 0.00040493 BTC.
• Horizen (ZEN) traded 8.6% higher against the dollar and now trades at $7.73 or 0.00012463 BTC.
• Komodo (KMD) traded up 5.5% against the dollar and now trades at $0.32 or 0.00000520 BTC.
• Pirate Chain (ARRR) traded down 1.1% against the dollar and now trades at $0.18 or 0.00000289 BTC.
• ZClassic (ZCL) traded 1.7% lower against the dollar and now trades at $0.0502 or 0.00000081 BTC.

Zcash Coin Profile

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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website 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 US dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView