Zcash Price Reaches $31.38 (ZEC)

Zcash (ZEC) traded 0.8% higher against the U.S. dollar during the twenty-four hour period ending at 20:00 PM E.T. on September 21st. One Zcash coin can now be bought for $31.38 or 0.00049585 BTC on major exchanges. Zcash has a market cap of $512.36 million and $63.51 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded up 2.1% against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded 3.3% higher against the dollar and now trades at $23.85 or 0.00037683 BTC.
• Horizen (ZEN) traded 1.6% higher against the dollar and now trades at $8.36 or 0.00013218 BTC.
• Komodo (KMD) traded down 1.2% against the dollar and now trades at $0.25 or 0.00000402 BTC.
• Pirate Chain (ARRR) traded up 1.2% against the dollar and now trades at $0.18 or 0.00000278 BTC.
• ZClassic (ZCL) traded 1.9% lower against the dollar and now trades at $0.0492 or 0.00000078 BTC.

Zcash Coin Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official website for Zcash is 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 message board for Zcash is forum.z.cash. 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.”

Buying and Selling Zcash

It is usually not possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. 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