Zcash (ZEC) Price Tops $1,593.98 on Exchanges

Zcash (ZEC) traded up 7.3% against the US dollar during the 1 day period ending at 8:00 AM Eastern on September 25th. In the last seven days, Zcash has traded 9.3% higher against the US dollar. Zcash has a total market cap of $26.92 billion and approximately $1.28 billion worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for approximately $1,593.98 or 0.01882353 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Horizen (ZEN) traded up 7.3% against the dollar and now trades at $7.66 or 0.00009046 BTC.
• Pirate Chain (ARRR) traded 9.5% higher against the dollar and now trades at $0.31 or 0.00000361 BTC.
• Bitcoin Gold (BTG) traded down 15.7% against the dollar and now trades at $0.89 or 0.00001051 BTC.
• ZClassic (ZCL) traded 21.7% higher against the dollar and now trades at $0.72 or 0.00000852 BTC.
• Komodo (KMD) traded 6.6% lower against the dollar and now trades at $0.0072 or 0.00000009 BTC.

Zcash Coin Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,886,152 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. Zcash’s official website 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 purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView