Zcash Price Reaches $40.14 on Exchanges (ZEC)

Zcash (ZEC) traded up 9.2% against the U.S. dollar during the 24-hour period ending at 9:00 AM E.T. on March 2nd. Zcash has a total market capitalization of $637.72 million and approximately $69.54 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for approximately $40.14 or 0.00047158 BTC on exchanges. During the last seven days, Zcash has traded 8.6% higher against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded up 2.2% against the dollar and now trades at $12.87 or 0.00015117 BTC.
• Bitcoin Gold (BTG) traded down 1.9% against the dollar and now trades at $3.90 or 0.00004584 BTC.
• Pirate Chain (ARRR) traded down 0.7% against the dollar and now trades at $0.16 or 0.00000184 BTC.
• Komodo (KMD) traded up 4.7% against the dollar and now trades at $0.19 or 0.00000222 BTC.
• ZClassic (ZCL) traded 1.3% higher against the dollar and now trades at $0.0735 or 0.00000086 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 15,905,531 coins and its circulating supply is 15,886,821 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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.”

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, Coinbase or Gemini. 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