Zcash (ZEC) Price Hits $31.03 on Major Exchanges

Zcash (ZEC) traded 0.8% higher against the US dollar during the 1 day period ending at 13:00 PM ET on March 28th. One Zcash coin can now be bought for $31.03 or 0.00043857 BTC on exchanges. Zcash has a total market cap of $506.62 million and $64.42 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded 4.2% higher against the US dollar.

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

• Bitcoin Gold (BTG) traded up 1.7% against the dollar and now trades at $49.98 or 0.00070641 BTC.
• Horizen (ZEN) traded 2.2% lower against the dollar and now trades at $13.73 or 0.00019401 BTC.
• Komodo (KMD) traded up 8.9% against the dollar and now trades at $0.43 or 0.00000612 BTC.
• Pirate Chain (ARRR) traded 1.7% lower against the dollar and now trades at $0.19 or 0.00000267 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 3.1% against the dollar and now trades at $0.0670 or 0.00000095 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official message board 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. 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView