Zcash (ZEC) Price Tops $37.66 on Major Exchanges

Zcash (ZEC) traded 0.8% lower against the US dollar during the 24 hour period ending at 20:00 PM ET on October 23rd. Over the last seven days, Zcash has traded 2% higher against the US dollar. One Zcash coin can currently be bought for about $37.66 or 0.00056474 BTC on major exchanges. Zcash has a market cap of $614.91 million and approximately $69.66 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 2.3% lower against the dollar and now trades at $22.26 or 0.00033376 BTC.
• Horizen (ZEN) traded down 2.7% against the dollar and now trades at $7.70 or 0.00011543 BTC.
• Pirate Chain (ARRR) traded 1.6% lower against the dollar and now trades at $0.17 or 0.00000254 BTC.
• Komodo (KMD) traded 5.6% lower against the dollar and now trades at $0.24 or 0.00000366 BTC.
• ZClassic (ZCL) traded 0.9% lower against the dollar and now trades at $0.0567 or 0.00000085 BTC.

Zcash Profile

Zcash 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 website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash 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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView