Zcash (ZEC) Price Reaches $21.70 on Top Exchanges

Zcash (ZEC) traded up 2.8% against the US dollar during the one day period ending at 15:00 PM E.T. on April 18th. During the last seven days, Zcash has traded down 18.2% against the US dollar. Zcash has a market cap of $354.27 million and $53.55 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for $21.70 or 0.00034255 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded up 0.5% against the dollar and now trades at $35.51 or 0.00056057 BTC.
• Horizen (ZEN) traded 0.8% higher against the dollar and now trades at $8.56 or 0.00013521 BTC.
• Pirate Chain (ARRR) traded up 23.4% against the dollar and now trades at $0.40 or 0.00000639 BTC.
• Komodo (KMD) traded up 2.4% against the dollar and now trades at $0.40 or 0.00000628 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 2.4% higher against the dollar and now trades at $0.0595 or 0.00000094 BTC.

Zcash Profile

Zcash (ZEC) 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 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. Zcash’s official website is 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 buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView