Zcash Price Tops $1,013.21 on Major Exchanges (ZEC)

Zcash (ZEC) traded 0.5% higher against the US dollar during the 24-hour period ending at 8:00 AM E.T. on September 5th. Zcash has a total market capitalization of $17.08 billion and $1.33 billion worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded 24.8% higher against the US dollar. One Zcash coin can currently be purchased for about $1,013.21 or 0.01271959 BTC on popular exchanges.

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

• Horizen (ZEN) traded 14.2% higher against the dollar and now trades at $7.32 or 0.00009195 BTC.
• Pirate Chain (ARRR) traded 9.4% higher against the dollar and now trades at $0.21 or 0.00000262 BTC.
• Bitcoin Gold (BTG) traded down 2.3% against the dollar and now trades at $0.49 or 0.00000619 BTC.
• ZClassic (ZCL) traded up 8.7% against the dollar and now trades at $0.20 or 0.00000253 BTC.
• Komodo (KMD) traded down 28.4% against the dollar and now trades at $0.0076 or 0.00000009 BTC.

About 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 16,854,629 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. 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 is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Buying and Selling Zcash

It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView