Zcash Price Hits $1,446.64 (ZEC)

Zcash (ZEC) traded 8.9% lower against the US dollar during the 24 hour period ending at 8:00 AM ET on September 29th. One Zcash coin can currently be bought for approximately $1,446.64 or 0.01715469 BTC on major exchanges. Zcash has a total market cap of $24.44 billion and $1.89 billion worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 5.5% lower against the US dollar.

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

• Horizen (ZEN) traded 2.3% lower against the dollar and now trades at $7.04 or 0.00008353 BTC.
• Pirate Chain (ARRR) traded down 13.3% against the dollar and now trades at $0.28 or 0.00000329 BTC.
• Bitcoin Gold (BTG) traded up 1.7% against the dollar and now trades at $0.89 or 0.00001050 BTC.
• Komodo (KMD) traded up 3.5% against the dollar and now trades at $0.0926 or 0.00000110 BTC.
• ZClassic (ZCL) traded up 2.8% against the dollar and now trades at $0.90 or 0.00001062 BTC.

About Zcash

Zcash 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 16,892,450 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. 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.

According to CryptoCompare, “Zcash (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Buying and Selling Zcash

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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