Zcash Price Hits $462.64 on Major Exchanges (ZEC)

Zcash (ZEC) traded 3.8% higher against the U.S. dollar during the one day period ending at 7:00 AM Eastern on July 3rd. One Zcash coin can now be bought for $462.64 or 0.00748441 BTC on popular cryptocurrency exchanges. During the last week, Zcash has traded up 16.6% against the U.S. dollar. Zcash has a total market capitalization of $7.75 billion and $483.54 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded 3% higher against the dollar and now trades at $4.35 or 0.00007031 BTC.
• Pirate Chain (ARRR) traded 3.8% higher against the dollar and now trades at $0.25 or 0.00000401 BTC.
• Komodo (KMD) traded 0.8% lower against the dollar and now trades at $0.15 or 0.00000248 BTC.
• Bitcoin Gold (BTG) traded down 0.3% against the dollar and now trades at $0.29 or 0.00000472 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.18 or 0.00000291 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 16,753,663 coins and its circulating supply is 16,753,630 coins. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not currently 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 Gemini, Coinbase or Changelly. 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