Zcash (ZEC) Price Hits $43.68 on Major Exchanges

Zcash (ZEC) traded up 4.1% against the US dollar during the 24-hour period ending at 13:00 PM Eastern on August 17th. One Zcash coin can now be bought for $43.68 or 0.00073341 BTC on popular cryptocurrency exchanges. Over the last week, Zcash has traded 5.8% higher against the US dollar. Zcash has a market capitalization of $713.18 million and $75.92 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded up 0.3% against the dollar and now trades at $22.34 or 0.00037520 BTC.
• Horizen (ZEN) traded 0.7% higher against the dollar and now trades at $7.79 or 0.00013086 BTC.
• Pirate Chain (ARRR) traded 3.7% lower against the dollar and now trades at $0.17 or 0.00000279 BTC.
• Komodo (KMD) traded up 4.9% against the dollar and now trades at $0.23 or 0.00000383 BTC.
• ZClassic (ZCL) traded up 2.4% against the dollar and now trades at $0.0655 or 0.00000110 BTC.

Zcash Profile

Zcash (CRYPTO: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 16,328,269 coins. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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.

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 possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView