Zcash (ZEC) Price Reaches $32.63 on Top Exchanges

Zcash (ZEC) traded down 4.2% against the US dollar during the 1 day period ending at 10:00 AM E.T. on March 18th. During the last seven days, Zcash has traded up 12% against the US dollar. One Zcash coin can now be purchased for about $32.63 or 0.00040153 BTC on exchanges. Zcash has a market cap of $518.37 million and $58.48 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded down 4.5% against the dollar and now trades at $8.86 or 0.00010902 BTC.
• Bitcoin Gold (BTG) traded 4.2% higher against the dollar and now trades at $3.06 or 0.00003770 BTC.
• Pirate Chain (ARRR) traded down 4.3% against the dollar and now trades at $0.13 or 0.00000157 BTC.
• Komodo (KMD) traded 0.9% lower against the dollar and now trades at $0.17 or 0.00000204 BTC.
• ZClassic (ZCL) traded 1.7% lower against the dollar and now trades at $0.0699 or 0.00000086 BTC.

Zcash Coin Profile

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 15,905,531 coins and its circulating supply is 15,886,821 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. The official message board for Zcash 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.”

Buying and Selling Zcash

It is usually not presently 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 GDAX, Gemini or Coinbase. 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