Zcash (ZEC) Price Hits $31.09 on Major Exchanges

Zcash (ZEC) traded down 2.2% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on July 22nd. One Zcash coin can now be bought for approximately $31.09 or 0.00046187 BTC on cryptocurrency exchanges. During the last seven days, Zcash has traded 10.5% higher against the US dollar. Zcash has a market capitalization of $507.59 million and approximately $285.78 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 3% lower against the dollar and now trades at $25.66 or 0.00038121 BTC.
• Horizen (ZEN) traded down 2.5% against the dollar and now trades at $11.75 or 0.00017456 BTC.
• Komodo (KMD) traded down 3.1% against the dollar and now trades at $0.29 or 0.00000428 BTC.
• Pirate Chain (ARRR) traded down 5.1% against the dollar and now trades at $0.19 or 0.00000288 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.0542 or 0.00000080 BTC.

Zcash Profile

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 Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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 currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView