Zcash (ZEC) Price Hits $17.41 on Top Exchanges

Zcash (ZEC) traded down 10.8% against the dollar during the one day period ending at 7:00 AM E.T. on July 5th. Zcash has a total market capitalization of $284.19 million and approximately $55.08 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded 16.6% lower against the dollar. One Zcash coin can now be bought for approximately $17.41 or 0.00031504 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded down 4.9% against the dollar and now trades at $22.31 or 0.00040380 BTC.
• Horizen (ZEN) traded 14.7% higher against the dollar and now trades at $8.97 or 0.00016235 BTC.
• Komodo (KMD) traded 9.1% lower against the dollar and now trades at $0.26 or 0.00000477 BTC.
• Pirate Chain (ARRR) traded down 5.8% against the dollar and now trades at $0.17 or 0.00000306 BTC.
• ZClassic (ZCL) traded 1.2% lower against the dollar and now trades at $0.0448 or 0.00000081 BTC.

About Zcash

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 message board for Zcash is forum.z.cash. Zcash’s official website is 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 Twitter account is @electriccoinco and its Facebook page is accessible 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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