Zcash (ZEC) Price Hits $42.22 on Exchanges

Zcash (ZEC) traded down 2.3% against the dollar during the twenty-four hour period ending at 0:00 AM ET on August 19th. Zcash has a market capitalization of $689.41 million and $80.71 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded down 0.2% against the dollar. One Zcash coin can currently be bought for approximately $42.22 or 0.00069361 BTC on major cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 0.8% higher against the dollar and now trades at $22.41 or 0.00036811 BTC.
• Horizen (ZEN) traded up 1.4% against the dollar and now trades at $7.87 or 0.00012925 BTC.
• Komodo (KMD) traded 11.6% higher against the dollar and now trades at $0.25 or 0.00000415 BTC.
• Pirate Chain (ARRR) traded 1.3% lower against the dollar and now trades at $0.16 or 0.00000263 BTC.
• ZClassic (ZCL) traded 1.5% lower against the dollar and now trades at $0.0635 or 0.00000104 BTC.

About Zcash

Zcash 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView