Zcash (ZEC) Price Tops $31.77 on Major Exchanges

Zcash (ZEC) traded up 5.6% against the dollar during the 24-hour period ending at 11:00 AM ET on March 14th. Zcash has a market cap of $504.68 million and $63.93 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded 5.4% lower against the dollar. One Zcash coin can currently be purchased for approximately $31.77 or 0.00037737 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded up 5.6% against the dollar and now trades at $9.51 or 0.00011292 BTC.
• Bitcoin Gold (BTG) traded 0.8% higher against the dollar and now trades at $3.00 or 0.00003559 BTC.
• Pirate Chain (ARRR) traded 3.3% higher against the dollar and now trades at $0.14 or 0.00000161 BTC.
• Komodo (KMD) traded 1.8% higher against the dollar and now trades at $0.17 or 0.00000200 BTC.
• ZClassic (ZCL) traded 3.2% higher against the dollar and now trades at $0.0725 or 0.00000086 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 15,905,531 coins and its circulating supply is 15,886,821 coins. 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. 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 is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Buying and Selling Zcash

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 Gemini, GDAX or Coinbase. 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