Zcash Price Tops $29.65 (ZEC)

Zcash (ZEC) traded 3.6% lower against the US dollar during the 1 day period ending at 17:00 PM Eastern on September 11th. Zcash has a total market capitalization of $484.06 million and approximately $64.62 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last week, Zcash has traded 0.3% higher against the US dollar. One Zcash coin can currently be bought for approximately $29.65 or 0.00051646 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded down 0.7% against the dollar and now trades at $21.70 or 0.00037801 BTC.
• Horizen (ZEN) traded down 4.7% against the dollar and now trades at $7.79 or 0.00013572 BTC.
• Komodo (KMD) traded down 1.8% against the dollar and now trades at $0.25 or 0.00000431 BTC.
• Pirate Chain (ARRR) traded 1.8% higher against the dollar and now trades at $0.17 or 0.00000297 BTC.
• ZClassic (ZCL) traded 2.1% lower against the dollar and now trades at $0.0452 or 0.00000079 BTC.

Zcash 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. 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. The official website for Zcash is z.cash. Zcash’s official message board is forum.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.”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView