Zcash Price Tops $37.66 (ZEC)

Zcash (ZEC) traded 0.8% lower against the dollar during the 24-hour period ending at 20:00 PM E.T. on October 23rd. Zcash has a market cap of $614.91 million and $69.66 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded up 2% against the dollar. One Zcash coin can now be bought for approximately $37.66 or 0.00056474 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded 2.3% lower against the dollar and now trades at $22.26 or 0.00033376 BTC.
• Horizen (ZEN) traded 2.7% lower against the dollar and now trades at $7.70 or 0.00011543 BTC.
• Pirate Chain (ARRR) traded 1.6% lower against the dollar and now trades at $0.17 or 0.00000254 BTC.
• Komodo (KMD) traded down 5.6% against the dollar and now trades at $0.24 or 0.00000366 BTC.
• ZClassic (ZCL) traded down 0.9% against the dollar and now trades at $0.0567 or 0.00000085 BTC.

About Zcash

ZEC 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. 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 (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 presently 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 Gemini, Changelly or Coinbase. 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