Zcash (ZEC) Price Tops $216.61 on Top Exchanges

Zcash (ZEC) traded 2.3% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM ET on March 13th. Zcash has a market cap of $3.59 billion and approximately $346.52 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded 4% lower against the U.S. dollar. One Zcash coin can currently be purchased for about $216.61 or 0.00299408 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Horizen (ZEN) traded 2% higher against the dollar and now trades at $5.58 or 0.00007709 BTC.
• Pirate Chain (ARRR) traded up 8.6% against the dollar and now trades at $0.25 or 0.00000342 BTC.
• Bitcoin Gold (BTG) traded 33.5% lower against the dollar and now trades at $0.53 or 0.00000739 BTC.
• Komodo (KMD) traded 0.3% lower against the dollar and now trades at $0.0182 or 0.00000025 BTC.
• ZClassic (ZCL) traded 0.5% lower against the dollar and now trades at $0.20 or 0.00000273 BTC.

Zcash Profile

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 16,577,019 coins and its circulating supply is 16,576,996 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. 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.

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”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView