Zcash Price Tops $36.95 on Top Exchanges (ZEC)

Zcash (ZEC) traded 0.4% lower against the U.S. dollar during the 1 day period ending at 21:00 PM Eastern on November 4th. Zcash has a total market cap of $603.41 million and approximately $68.66 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 6.7% lower against the U.S. dollar. One Zcash coin can currently be purchased for approximately $36.95 or 0.00054371 BTC on exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded 3.7% lower against the dollar and now trades at $21.25 or 0.00031267 BTC.
• Horizen (ZEN) traded down 2.8% against the dollar and now trades at $7.02 or 0.00010328 BTC.
• Pirate Chain (ARRR) traded 2.7% lower against the dollar and now trades at $0.17 or 0.00000244 BTC.
• Komodo (KMD) traded 0.6% lower against the dollar and now trades at $0.21 or 0.00000308 BTC.
• ZClassic (ZCL) traded down 35.7% against the dollar and now trades at $0.0408 or 0.00000060 BTC.

Zcash Coin Profile

Zcash (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 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 message board for Zcash is forum.z.cash. 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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView