Zcash (ZEC) Price Hits $21.18 on Major Exchanges

Zcash (ZEC) traded down 0.2% against the US dollar during the one day period ending at 22:00 PM Eastern on April 16th. Zcash has a market capitalization of $345.77 million and approximately $50.71 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for about $21.18 or 0.00033085 BTC on major cryptocurrency exchanges. Over the last seven days, Zcash has traded down 22.5% against the US dollar.

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

• Bitcoin Gold (BTG) traded down 1.6% against the dollar and now trades at $36.70 or 0.00057338 BTC.
• Horizen (ZEN) traded down 1.9% against the dollar and now trades at $8.40 or 0.00013128 BTC.
• Pirate Chain (ARRR) traded up 10% against the dollar and now trades at $0.34 or 0.00000529 BTC.
• Komodo (KMD) traded 0.3% higher against the dollar and now trades at $0.40 or 0.00000621 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.8% higher against the dollar and now trades at $0.0607 or 0.00000095 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on 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 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 message board is forum.z.cash.

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 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 Coinbase, Gemini or Changelly. 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