Zcash Price Hits $47.56 on Top Exchanges (ZEC)

Zcash (ZEC) traded up 7.6% against the dollar during the one day period ending at 9:00 AM Eastern on November 10th. One Zcash coin can now be purchased for $47.56 or 0.00059512 BTC on popular cryptocurrency exchanges. Zcash has a market cap of $776.57 million and approximately $111.01 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 31.4% higher against the dollar.

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

• Bitcoin Gold (BTG) traded 12.4% higher against the dollar and now trades at $26.62 or 0.00033308 BTC.
• Horizen (ZEN) traded up 25% against the dollar and now trades at $9.95 or 0.00012452 BTC.
• Pirate Chain (ARRR) traded 2.4% higher against the dollar and now trades at $0.18 or 0.00000227 BTC.
• Komodo (KMD) traded 9.2% higher against the dollar and now trades at $0.26 or 0.00000323 BTC.
• ZClassic (ZCL) traded up 4.8% against the dollar and now trades at $0.0480 or 0.00000060 BTC.

About Zcash

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official message board is forum.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. 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 US dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX 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