Zcash Price Reaches $28.54 on Exchanges (ZEC)

Zcash (ZEC) traded 4.2% higher against the U.S. dollar during the one day period ending at 12:00 PM E.T. on September 9th. Zcash has a total market capitalization of $465.96 million and $49.96 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for approximately $28.54 or 0.00051525 BTC on major cryptocurrency exchanges. During the last seven days, Zcash has traded 1.3% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 2.1% higher against the dollar and now trades at $20.98 or 0.00037887 BTC.
• Horizen (ZEN) traded up 0.8% against the dollar and now trades at $8.19 or 0.00014790 BTC.
• Komodo (KMD) traded up 5.3% against the dollar and now trades at $0.24 or 0.00000437 BTC.
• Pirate Chain (ARRR) traded up 1.3% against the dollar and now trades at $0.17 or 0.00000299 BTC.
• ZClassic (ZCL) traded down 1.4% against the dollar and now trades at $0.0444 or 0.00000080 BTC.

Zcash Coin Profile

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 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. 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.”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView