Zcash (ZEC) Price Hits $22.46 on Major Exchanges

Zcash (ZEC) traded 2.2% lower against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on May 8th. Zcash has a total market cap of $366.73 million and approximately $40.88 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded up 7.2% against the U.S. dollar. One Zcash coin can currently be purchased for $22.46 or 0.00036222 BTC on popular cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded down 6.7% against the dollar and now trades at $34.00 or 0.00054831 BTC.
• Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $8.68 or 0.00014003 BTC.
• Pirate Chain (ARRR) traded 1.7% higher against the dollar and now trades at $0.38 or 0.00000613 BTC.
• Komodo (KMD) traded 4.8% lower against the dollar and now trades at $0.36 or 0.00000583 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 2.2% against the dollar and now trades at $0.0558 or 0.00000090 BTC.

About Zcash

Zcash (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. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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 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, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView