Zcash (ZEC) Price Reaches $30.64 on Major Exchanges

Zcash (ZEC) traded down 0.6% against the dollar during the 24 hour period ending at 21:00 PM E.T. on March 28th. Zcash has a total market capitalization of $500.25 million and $62.45 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for about $30.64 or 0.00043224 BTC on exchanges. During the last week, Zcash has traded 4.7% higher against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 3.9% higher against the dollar and now trades at $51.20 or 0.00072232 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $13.89 or 0.00019597 BTC.
• Komodo (KMD) traded 3.4% higher against the dollar and now trades at $0.42 or 0.00000588 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.19 or 0.00000262 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.5% against the dollar and now trades at $0.0674 or 0.00000095 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis 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. Zcash’s official message board 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.

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 U.S. dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView