Zcash (ZEC) Price Hits $37.81 on Exchanges

Zcash (ZEC) traded up 0.6% against the dollar during the 1 day period ending at 7:00 AM Eastern on October 23rd. One Zcash coin can currently be purchased for approximately $37.81 or 0.00056865 BTC on cryptocurrency exchanges. In the last seven days, Zcash has traded 0.7% lower against the dollar. Zcash has a total market capitalization of $617.34 million and approximately $64.11 million worth of Zcash was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded down 2.5% against the dollar and now trades at $22.25 or 0.00033461 BTC.
• Horizen (ZEN) traded down 2.3% against the dollar and now trades at $7.73 or 0.00011632 BTC.
• Pirate Chain (ARRR) traded 3.6% lower against the dollar and now trades at $0.17 or 0.00000257 BTC.
• Komodo (KMD) traded 5% lower against the dollar and now trades at $0.24 or 0.00000368 BTC.
• ZClassic (ZCL) traded 1.3% lower against the dollar and now trades at $0.0565 or 0.00000085 BTC.

Zcash Coin Profile

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. The official website for Zcash is z.cash. 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.

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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase 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