Zcash Price Hits $33.54 on Top Exchanges (ZEC)

Zcash (ZEC) traded down 7.3% against the dollar during the 24-hour period ending at 9:00 AM Eastern on August 28th. One Zcash coin can now be bought for approximately $33.54 or 0.00055873 BTC on popular exchanges. Zcash has a market capitalization of $547.71 million and approximately $1.68 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 21% lower against the dollar.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded down 3.1% against the dollar and now trades at $22.49 or 0.00037455 BTC.
• Horizen (ZEN) traded down 5% against the dollar and now trades at $7.68 or 0.00012801 BTC.
• Komodo (KMD) traded up 0.9% against the dollar and now trades at $0.25 or 0.00000416 BTC.
• Pirate Chain (ARRR) traded 3% lower against the dollar and now trades at $0.17 or 0.00000279 BTC.
• ZClassic (ZCL) traded down 5.2% against the dollar and now trades at $0.0650 or 0.00000108 BTC.

About 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 Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash. 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 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 Gemini, Coinbase or Changelly. 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