Zcash Price Tops $23.27 on Major Exchanges (ZEC)

Zcash (ZEC) traded up 1.2% against the U.S. dollar during the 1-day period ending at 21:00 PM ET on May 5th. One Zcash coin can now be purchased for $23.27 or 0.00036242 BTC on major exchanges. Zcash has a total market cap of $379.94 million and approximately $42.41 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 3.2% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded 0.1% lower against the dollar and now trades at $38.40 or 0.00059806 BTC.
• Horizen (ZEN) traded 3.8% higher against the dollar and now trades at $9.07 or 0.00014134 BTC.
• Pirate Chain (ARRR) traded down 5.1% against the dollar and now trades at $0.35 or 0.00000550 BTC.
• Komodo (KMD) traded down 4.5% against the dollar and now trades at $0.40 or 0.00000617 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 0.2% against the dollar and now trades at $0.0576 or 0.00000090 BTC.

Zcash Profile

Zcash 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 official website for Zcash is z.cash. Zcash’s official message board is forum.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 (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 buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView