Zcash (ZEC) Price Hits $336.21 on Top Exchanges

Zcash (ZEC) traded 2.5% higher against the US dollar during the 1 day period ending at 7:00 AM ET on December 3rd. Zcash has a total market capitalization of $5.52 billion and $1.64 billion worth of Zcash was traded on exchanges in the last 24 hours. Over the last week, Zcash has traded 32% lower against the US dollar. One Zcash coin can now be bought for approximately $336.21 or 0.00361503 BTC on major cryptocurrency exchanges.

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

• Horizen (ZEN) traded 5.1% lower against the dollar and now trades at $9.20 or 0.00009891 BTC.
• Pirate Chain (ARRR) traded 8.4% higher against the dollar and now trades at $0.27 or 0.00000295 BTC.
• Bitcoin Gold (BTG) traded 14.1% lower against the dollar and now trades at $0.41 or 0.00000441 BTC.
• ZClassic (ZCL) traded 21.9% higher against the dollar and now trades at $0.50 or 0.00000538 BTC.
• Komodo (KMD) traded down 26.7% against the dollar and now trades at $0.0281 or 0.00000030 BTC.

Zcash Profile

Zcash (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 16,419,436 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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. The official website for Zcash is z.cash.

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”

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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView