Zcash Price Reaches $32.72 on Exchanges (ZEC)

Zcash (ZEC) traded up 3.6% against the dollar during the twenty-four hour period ending at 18:00 PM ET on March 4th. In the last week, Zcash has traded 16.6% higher against the dollar. Zcash has a market cap of $534.28 million and $109.25 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for $32.72 or 0.00048120 BTC on major cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • Bitcoin Gold (BTG) traded 6.6% higher against the dollar and now trades at $40.81 or 0.00060018 BTC.
  • Horizen (ZEN) traded up 0.3% against the dollar and now trades at $12.14 or 0.00017855 BTC.
  • Komodo (KMD) traded up 0.1% against the dollar and now trades at $0.35 or 0.00000518 BTC.
  • Pirate Chain (ARRR) traded down 1.3% against the dollar and now trades at $0.18 or 0.00000269 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 5.2% higher against the dollar and now trades at $0.0553 or 0.00000081 BTC.

Zcash Coin Profile

Zcash (CRYPTO: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. 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. 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.”

Buying and Selling Zcash

It is usually not 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, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

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