Zcash (ZEC) Price Hits $22.96 on Major Exchanges

Zcash (ZEC) traded up 1% against the US dollar during the 1-day period ending at 9:00 AM E.T. on April 27th. Over the last week, Zcash has traded up 1.8% against the US dollar. Zcash has a market cap of $374.89 million and $44.81 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for approximately $22.96 or 0.00036410 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded up 0.4% against the dollar and now trades at $33.88 or 0.00053729 BTC.
• Horizen (ZEN) traded 0.4% higher against the dollar and now trades at $8.71 or 0.00013812 BTC.
• Pirate Chain (ARRR) traded 8.8% lower against the dollar and now trades at $0.39 or 0.00000623 BTC.
• Komodo (KMD) traded up 0.7% against the dollar and now trades at $0.40 or 0.00000638 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 2% lower against the dollar and now trades at $0.0564 or 0.00000089 BTC.

Zcash 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 16,328,269 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. Zcash’s official website is z.cash. Zcash’s official message board is forum.z.cash.

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 currently 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 GDAX, Changelly 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