Zcash Price Tops $1,361.98 on Top Exchanges (ZEC)

Zcash (ZEC) traded up 10.9% against the U.S. dollar during the 24-hour period ending at 8:00 AM ET on September 17th. Zcash has a market capitalization of $22.98 billion and $2.92 billion worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for approximately $1,361.98 or 0.01782049 BTC on popular cryptocurrency exchanges. Over the last week, Zcash has traded 11.8% higher against the U.S. dollar.

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

• Horizen (ZEN) traded up 6.3% against the dollar and now trades at $6.93 or 0.00009066 BTC.
• Pirate Chain (ARRR) traded 6.6% lower against the dollar and now trades at $0.22 or 0.00000290 BTC.
• ZClassic (ZCL) traded 43.5% higher against the dollar and now trades at $1.11 or 0.00001451 BTC.
• Bitcoin Gold (BTG) traded 0.2% higher against the dollar and now trades at $0.47 or 0.00000621 BTC.
• Komodo (KMD) traded up 124.4% against the dollar and now trades at $0.0093 or 0.00000012 BTC.

Zcash Coin Profile

Zcash (CRYPTO: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 16,873,538 coins. Zcash’s official website is z.cash. The official message board for Zcash is forum.z.cash. 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.

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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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