Zcash Price Tops $23.13 on Top Exchanges (ZEC)

Zcash (ZEC) traded 0.4% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on May 4th. One Zcash coin can currently be bought for approximately $23.13 or 0.00036283 BTC on popular cryptocurrency exchanges. Zcash has a market cap of $377.66 million and approximately $45.72 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded up 0.6% against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded up 6.6% against the dollar and now trades at $36.92 or 0.00057917 BTC.
• Horizen (ZEN) traded 0.8% higher against the dollar and now trades at $8.83 or 0.00013859 BTC.
• Pirate Chain (ARRR) traded up 6.9% against the dollar and now trades at $0.35 or 0.00000556 BTC.
• Komodo (KMD) traded 1.1% higher against the dollar and now trades at $0.42 or 0.00000656 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 6.3% higher against the dollar and now trades at $0.0573 or 0.00000090 BTC.

Zcash Coin Profile

Zcash (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 16,328,269 coins. The official message board for Zcash is forum.z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash 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.”

Buying and Selling Zcash

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 Ethereum or Bitcoin using an exchange that deals in U.S. 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