Zcash Price Reaches $54.90 on Exchanges (ZEC)

Zcash (ZEC) traded 2.7% higher against the U.S. dollar during the one day period ending at 11:00 AM E.T. on January 17th. One Zcash coin can now be bought for $54.90 or 0.00052848 BTC on cryptocurrency exchanges. Zcash has a total market cap of $896.34 million and $110.38 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded up 15.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded up 1.7% against the dollar and now trades at $30.06 or 0.00028942 BTC.
• Bitcoin Gold (BTG) traded down 0.8% against the dollar and now trades at $11.42 or 0.00010998 BTC.
• Komodo (KMD) traded up 3.4% against the dollar and now trades at $0.31 or 0.00000303 BTC.
• Pirate Chain (ARRR) traded 12.5% lower against the dollar and now trades at $0.17 or 0.00000167 BTC.
• ZClassic (ZCL) traded up 5.8% against the dollar and now trades at $0.0447 or 0.00000043 BTC.

Zcash Coin 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. 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 Twitter account is @electriccoinco and its Facebook page is accessible here. 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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView