Zcash Price Reaches $23.10 (ZEC)

Zcash (ZEC) traded 2.1% higher against the US dollar during the twenty-four hour period ending at 7:00 AM ET on April 28th. During the last week, Zcash has traded up 0.6% against the US dollar. One Zcash coin can currently be purchased for approximately $23.10 or 0.00036294 BTC on exchanges. Zcash has a market cap of $377.25 million and $43.88 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 3.1% higher against the dollar and now trades at $34.64 or 0.00054409 BTC.
• Horizen (ZEN) traded up 3.4% against the dollar and now trades at $8.93 or 0.00014025 BTC.
• Pirate Chain (ARRR) traded 1.8% higher against the dollar and now trades at $0.41 or 0.00000637 BTC.
• Komodo (KMD) traded up 3.6% against the dollar and now trades at $0.41 or 0.00000651 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 1.9% higher against the dollar and now trades at $0.0576 or 0.00000091 BTC.

Zcash Coin Profile

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 16,328,269 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. 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 presently 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 GDAX, Coinbase or Gemini. 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