Zcash Price Tops $503.28 on Top Exchanges (ZEC)

Zcash (ZEC) traded up 0.2% against the US dollar during the one day period ending at 8:00 AM E.T. on July 11th. One Zcash coin can now be bought for approximately $503.28 or 0.00784711 BTC on major exchanges. Zcash has a market capitalization of $8.44 billion and approximately $348.72 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded 8.9% higher against the US dollar.

Here is how other cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded 0.1% higher against the dollar and now trades at $4.17 or 0.00006499 BTC.
• Pirate Chain (ARRR) traded 3.5% lower against the dollar and now trades at $0.21 or 0.00000334 BTC.
• Bitcoin Gold (BTG) traded 24.6% lower against the dollar and now trades at $0.26 or 0.00000408 BTC.
• Komodo (KMD) traded up 151.2% against the dollar and now trades at $0.0300 or 0.00000047 BTC.
• ZClassic (ZCL) traded down 0.5% against the dollar and now trades at $0.18 or 0.00000275 BTC.

Zcash 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 16,766,368 coins and its circulating supply is 16,766,306 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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 message board is forum.z.cash.

According to CryptoCompare, “Zcash (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Zcash Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView