Zcash Price Hits $30.34 on Exchanges (ZEC)

Zcash (ZEC) traded down 3.8% against the US dollar during the one day period ending at 21:00 PM E.T. on August 4th. One Zcash coin can currently be bought for $30.34 or 0.00054088 BTC on popular exchanges. Over the last week, Zcash has traded down 5.5% against the US dollar. Zcash has a market capitalization of $495.41 million and $69.91 million worth of Zcash was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded down 10.1% against the dollar and now trades at $21.34 or 0.00038038 BTC.
• Horizen (ZEN) traded 3.4% lower against the dollar and now trades at $8.12 or 0.00014473 BTC.
• Komodo (KMD) traded 7.3% lower against the dollar and now trades at $0.22 or 0.00000396 BTC.
• Pirate Chain (ARRR) traded 6% lower against the dollar and now trades at $0.15 or 0.00000273 BTC.
• ZClassic (ZCL) traded down 4.1% against the dollar and now trades at $0.0459 or 0.00000082 BTC.

About Zcash

Zcash (CRYPTO: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. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash 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.

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.”

Zcash Coin Trading

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 Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView