Zcash (ZEC) Price Tops $30.66 on Major Exchanges

Zcash (ZEC) traded down 19.3% against the U.S. dollar during the twenty-four hour period ending at 11:00 AM E.T. on April 7th. Zcash has a total market cap of $487.11 million and $105.97 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for about $30.66 or 0.00038816 BTC on popular exchanges. During the last week, Zcash has traded down 19.1% against the U.S. dollar.

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

• Horizen (ZEN) traded 3.6% lower against the dollar and now trades at $7.48 or 0.00009464 BTC.
• Pirate Chain (ARRR) traded 3.2% lower against the dollar and now trades at $0.10 or 0.00000130 BTC.
• Bitcoin Gold (BTG) traded down 5.7% against the dollar and now trades at $0.94 or 0.00001193 BTC.
• Komodo (KMD) traded down 5% against the dollar and now trades at $0.12 or 0.00000151 BTC.
• ZClassic (ZCL) traded 4.3% lower against the dollar and now trades at $0.0679 or 0.00000086 BTC.

Zcash Profile

Zcash (CRYPTO: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 15,905,531 coins and its circulating supply is 15,886,821 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. 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 currently 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 Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView