Zcash Price Tops $20.99 (ZEC)

Zcash (ZEC) traded down 5% against the U.S. dollar during the one day period ending at 8:00 AM ET on April 30th. During the last seven days, Zcash has traded 12.5% lower against the U.S. dollar. Zcash has a total market capitalization of $342.79 million and $47.77 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for approximately $20.99 or 0.00034249 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded down 4.8% against the dollar and now trades at $30.88 or 0.00050383 BTC.
• Horizen (ZEN) traded 4.1% lower against the dollar and now trades at $8.14 or 0.00013278 BTC.
• Pirate Chain (ARRR) traded down 9.9% against the dollar and now trades at $0.36 or 0.00000581 BTC.
• Komodo (KMD) traded down 4.3% against the dollar and now trades at $0.38 or 0.00000617 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.3% lower against the dollar and now trades at $0.0551 or 0.00000090 BTC.

Zcash Coin Profile

Zcash (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. 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. 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.”

Buying and Selling Zcash

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, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView