Zcash (ZEC) Price Tops $572.07

Zcash (ZEC) traded up 12.4% against the US dollar during the 24-hour period ending at 7:00 AM E.T. on July 15th. Zcash has a market cap of $9.60 billion and approximately $728.80 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded 22.4% higher against the US dollar. One Zcash coin can currently be bought for approximately $572.07 or 0.00884570 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded up 5.3% against the dollar and now trades at $4.27 or 0.00006603 BTC.
• Pirate Chain (ARRR) traded up 1.3% against the dollar and now trades at $0.22 or 0.00000333 BTC.
• Bitcoin Gold (BTG) traded up 21.8% against the dollar and now trades at $0.36 or 0.00000549 BTC.
• ZClassic (ZCL) traded up 1.7% against the dollar and now trades at $0.17 or 0.00000258 BTC.
• Komodo (KMD) traded 34.6% lower against the dollar and now trades at $0.0091 or 0.00000014 BTC.

Zcash 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 16,772,604 coins and its circulating supply is 16,772,516 coins. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash.

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

ZEC/USD price chart by TradingView