Zcash Price Hits $29.84 (ZEC)

Zcash (ZEC) traded 0.4% lower against the US dollar during the twenty-four hour period ending at 19:00 PM Eastern on July 25th. During the last seven days, Zcash has traded 2% lower against the US dollar. Zcash has a total market cap of $487.24 million and approximately $79.69 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for $29.84 or 0.00045423 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.2% against the dollar and now trades at $24.96 or 0.00037993 BTC.
• Horizen (ZEN) traded down 2.1% against the dollar and now trades at $11.20 or 0.00017049 BTC.
• Komodo (KMD) traded 2.4% higher against the dollar and now trades at $0.27 or 0.00000417 BTC.
• Pirate Chain (ARRR) traded down 6.6% against the dollar and now trades at $0.18 or 0.00000268 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.0523 or 0.00000080 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash 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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView