Zcash (ZEC) Price Hits $32.47 on Major Exchanges

Zcash (ZEC) traded 0.9% lower against the US dollar during the twenty-four hour period ending at 13:00 PM ET on July 29th. Zcash has a total market cap of $530.19 million and $76.43 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded up 2.2% against the US dollar. One Zcash coin can now be purchased for $32.47 or 0.00048519 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded up 5.2% against the dollar and now trades at $27.31 or 0.00040814 BTC.
• Horizen (ZEN) traded 3.3% lower against the dollar and now trades at $10.87 or 0.00016245 BTC.
• Komodo (KMD) traded down 0.4% against the dollar and now trades at $0.28 or 0.00000417 BTC.
• Pirate Chain (ARRR) traded up 0.6% against the dollar and now trades at $0.17 or 0.00000258 BTC.
• ZClassic (ZCL) traded 0.6% lower against the dollar and now trades at $0.0543 or 0.00000081 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. The official message board for Zcash is forum.z.cash. The official website for Zcash 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 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.”

Zcash Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US 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