Zcash Price Hits $57.79 on Top Exchanges (ZEC)

Zcash (ZEC) traded 3.7% lower against the US dollar during the twenty-four hour period ending at 10:00 AM Eastern on January 5th. One Zcash coin can now be purchased for about $57.79 or 0.00059066 BTC on popular exchanges. During the last seven days, Zcash has traded down 5% against the US dollar. Zcash has a market capitalization of $943.59 million and $103.39 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded down 4.8% against the dollar and now trades at $27.53 or 0.00028143 BTC.
• Bitcoin Gold (BTG) traded 23.9% higher against the dollar and now trades at $17.25 or 0.00017635 BTC.
• Komodo (KMD) traded down 1.2% against the dollar and now trades at $0.33 or 0.00000335 BTC.
• Pirate Chain (ARRR) traded 1% lower against the dollar and now trades at $0.22 or 0.00000223 BTC.
• ZClassic (ZCL) traded up 2.1% against the dollar and now trades at $0.0420 or 0.00000043 BTC.

Zcash 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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView