Zcash Price Tops $515.94 on Major Exchanges (ZEC)

Zcash (ZEC) traded 0.6% higher against the U.S. dollar during the 1 day period ending at 7:00 AM Eastern on July 23rd. Zcash has a total market cap of $8.66 billion and approximately $353.24 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 5.7% lower against the U.S. dollar. One Zcash coin can currently be purchased for approximately $515.94 or 0.00787264 BTC on exchanges.

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

• Horizen (ZEN) traded 1.3% lower against the dollar and now trades at $4.10 or 0.00006255 BTC.
• Pirate Chain (ARRR) traded down 2.2% against the dollar and now trades at $0.22 or 0.00000333 BTC.
• Komodo (KMD) traded 977.3% higher against the dollar and now trades at $0.0747 or 0.00000114 BTC.
• Bitcoin Gold (BTG) traded 26.6% lower against the dollar and now trades at $0.22 or 0.00000336 BTC.
• ZClassic (ZCL) traded up 5.1% against the dollar and now trades at $0.16 or 0.00000243 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 16,785,238 coins. The official website for Zcash is z.cash. The official message board for Zcash is forum.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.

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 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