Zcash (ZEC) Price Hits $34.37

Zcash (ZEC) traded 4.1% lower against the U.S. dollar during the 1-day period ending at 17:00 PM Eastern on October 12th. One Zcash coin can currently be purchased for about $34.37 or 0.00054460 BTC on major exchanges. Zcash has a total market cap of $561.17 million and $80.31 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded up 26.2% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded 0.7% higher against the dollar and now trades at $22.24 or 0.00035245 BTC.
• Horizen (ZEN) traded 1.4% lower against the dollar and now trades at $8.15 or 0.00012922 BTC.
• Komodo (KMD) traded up 1.8% against the dollar and now trades at $0.27 or 0.00000421 BTC.
• Pirate Chain (ARRR) traded down 2.3% against the dollar and now trades at $0.17 or 0.00000264 BTC.
• ZClassic (ZCL) traded 1% higher against the dollar and now trades at $0.0505 or 0.00000080 BTC.

About Zcash

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official message board 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. 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 possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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