Zcash (ZEC) Price Hits $238.27 on Major Exchanges

Zcash (ZEC) traded 2% higher against the dollar during the one day period ending at 7:00 AM ET on February 25th. During the last week, Zcash has traded down 16.4% against the dollar. Zcash has a total market capitalization of $3.94 billion and approximately $320.96 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $238.27 or 0.00364142 BTC on popular cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 4.8% higher against the dollar and now trades at $5.52 or 0.00008436 BTC.
• Pirate Chain (ARRR) traded 11.3% higher against the dollar and now trades at $0.26 or 0.00000397 BTC.
• Bitcoin Gold (BTG) traded 169.7% higher against the dollar and now trades at $1.58 or 0.00002415 BTC.
• Komodo (KMD) traded 11.8% lower against the dollar and now trades at $0.0179 or 0.00000027 BTC.
• ZClassic (ZCL) traded up 14.5% against the dollar and now trades at $0.20 or 0.00000302 BTC.

About Zcash

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 16,551,927 coins. Zcash’s official message board is forum.z.cash. The official website for Zcash is 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 Twitter account is @electriccoinco and its Facebook page is accessible 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 trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView