Zcash (ZEC) Price Hits $36.51 on Top Exchanges

Zcash (ZEC) traded 2.4% lower against the dollar during the 1 day period ending at 7:00 AM ET on November 3rd. One Zcash coin can now be purchased for approximately $36.51 or 0.00053435 BTC on major exchanges. During the last seven days, Zcash has traded 8.8% higher against the dollar. Zcash has a total market capitalization of $596.15 million and $63.69 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 4.3% lower against the dollar and now trades at $21.29 or 0.00031158 BTC.
• Horizen (ZEN) traded down 3.8% against the dollar and now trades at $7.18 or 0.00010505 BTC.
• Pirate Chain (ARRR) traded down 7.2% against the dollar and now trades at $0.16 or 0.00000236 BTC.
• Komodo (KMD) traded 5.5% lower against the dollar and now trades at $0.21 or 0.00000309 BTC.
• ZClassic (ZCL) traded up 29% against the dollar and now trades at $0.0629 or 0.00000092 BTC.

About Zcash

Zcash 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 16,328,269 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.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 (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 currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView