Zcash (ZEC) Price Tops $216.61 on Top Exchanges

Zcash (ZEC) traded up 2.3% against the dollar during the 24-hour period ending at 10:00 AM ET on March 13th. One Zcash coin can currently be bought for $216.61 or 0.00299408 BTC on cryptocurrency exchanges. Over the last seven days, Zcash has traded down 4% against the dollar. Zcash has a total market capitalization of $3.59 billion and $346.52 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded 2% higher against the dollar and now trades at $5.58 or 0.00007709 BTC.
• Pirate Chain (ARRR) traded 8.6% higher against the dollar and now trades at $0.25 or 0.00000342 BTC.
• Bitcoin Gold (BTG) traded 33.5% lower against the dollar and now trades at $0.53 or 0.00000739 BTC.
• Komodo (KMD) traded 0.3% lower against the dollar and now trades at $0.0182 or 0.00000025 BTC.
• ZClassic (ZCL) traded 0.5% lower against the dollar and now trades at $0.20 or 0.00000273 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,577,019 coins and its circulating supply is 16,576,996 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 Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. The official message board for Zcash is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not currently 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 GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView