Zcash Price Reaches $23.72 on Exchanges (ZEC)

Zcash (ZEC) traded up 2.6% against the dollar during the 1 day period ending at 7:00 AM ET on April 22nd. Over the last seven days, Zcash has traded 5.4% higher against the dollar. Zcash has a market cap of $387.35 million and approximately $49.17 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for about $23.72 or 0.00035975 BTC on cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded down 0.5% against the dollar and now trades at $37.00 or 0.00056108 BTC.
• Horizen (ZEN) traded 0.5% higher against the dollar and now trades at $9.33 or 0.00014144 BTC.
• Pirate Chain (ARRR) traded down 3% against the dollar and now trades at $0.39 or 0.00000584 BTC.
• Komodo (KMD) traded up 2.8% against the dollar and now trades at $0.45 or 0.00000676 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 1.5% higher against the dollar and now trades at $0.0630 or 0.00000096 BTC.

Zcash Coin Profile

ZEC 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 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. 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 currently 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 Gemini, Coinbase or GDAX. 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