Zcash Price Reaches $17.84 on Major Exchanges (ZEC)

Zcash (ZEC) traded 6.4% lower against the U.S. dollar during the one day period ending at 14:00 PM E.T. on July 5th. Zcash has a total market capitalization of $291.33 million and approximately $56.56 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for about $17.84 or 0.00031778 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded 14.1% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded down 5.4% against the dollar and now trades at $22.19 or 0.00039520 BTC.
• Horizen (ZEN) traded 14.4% higher against the dollar and now trades at $9.57 or 0.00017051 BTC.
• Komodo (KMD) traded down 4.1% against the dollar and now trades at $0.27 or 0.00000484 BTC.
• Pirate Chain (ARRR) traded 3.4% lower against the dollar and now trades at $0.17 or 0.00000304 BTC.
• ZClassic (ZCL) traded 2.1% lower against the dollar and now trades at $0.0453 or 0.00000081 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 16,328,269 coins. 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. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash.

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 trade 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 exchanges listed above.

ZEC/USD price chart by TradingView