Zcash (ZEC) Price Reaches $1,544.10 on Top Exchanges

Zcash (ZEC) traded 6.8% higher against the US dollar during the 1-day period ending at 8:00 AM E.T. on September 21st. Zcash has a market cap of $26.06 billion and $1.54 billion worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded up 36.3% against the US dollar. One Zcash coin can now be purchased for $1,544.10 or 0.01812028 BTC on popular exchanges.

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

• Horizen (ZEN) traded up 6% against the dollar and now trades at $8.01 or 0.00009398 BTC.
• Pirate Chain (ARRR) traded down 21.3% against the dollar and now trades at $0.25 or 0.00000291 BTC.
• Bitcoin Gold (BTG) traded 6.4% higher against the dollar and now trades at $0.53 or 0.00000626 BTC.
• Komodo (KMD) traded 725% higher against the dollar and now trades at $0.0597 or 0.00000070 BTC.
• ZClassic (ZCL) traded 12.7% higher against the dollar and now trades at $0.67 or 0.00000791 BTC.

About Zcash

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 16,879,836 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 the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Coinbase. 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