Zcash (ZEC) Price Reaches $29.14 on Exchanges

Zcash (ZEC) traded 5.8% lower against the U.S. dollar during the 1-day period ending at 7:00 AM E.T. on September 16th. Zcash has a market capitalization of $475.87 million and $53.38 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for $29.14 or 0.00049689 BTC on cryptocurrency exchanges. During the last week, Zcash has traded up 2.5% against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded 2.1% lower against the dollar and now trades at $21.91 or 0.00037364 BTC.
• Horizen (ZEN) traded down 3.9% against the dollar and now trades at $7.76 or 0.00013235 BTC.
• Pirate Chain (ARRR) traded 2.2% higher against the dollar and now trades at $0.18 or 0.00000299 BTC.
• Komodo (KMD) traded 5.5% lower against the dollar and now trades at $0.23 or 0.00000396 BTC.
• ZClassic (ZCL) traded 0.2% higher against the dollar and now trades at $0.0469 or 0.00000080 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 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 (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 currently 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 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