Zcash Price Reaches $33.93 (ZEC)

Zcash (ZEC) traded up 13.5% against the dollar during the one day period ending at 23:00 PM ET on August 6th. Zcash has a market capitalization of $554.05 million and approximately $86.18 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for $33.93 or 0.00059856 BTC on major exchanges. Over the last week, Zcash has traded up 7.4% against the dollar.

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

• Bitcoin Gold (BTG) traded up 1.8% against the dollar and now trades at $21.84 or 0.00038524 BTC.
• Horizen (ZEN) traded down 0.5% against the dollar and now trades at $7.84 or 0.00013829 BTC.
• Pirate Chain (ARRR) traded down 3.4% against the dollar and now trades at $0.16 or 0.00000284 BTC.
• Komodo (KMD) traded up 4.8% against the dollar and now trades at $0.23 or 0.00000404 BTC.
• ZClassic (ZCL) traded 2.9% higher against the dollar and now trades at $0.0460 or 0.00000081 BTC.

Zcash Coin Profile

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 website is 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 message board for Zcash 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView