Zcash (ZEC) Price Tops $19.90 on Major Exchanges

Zcash (ZEC) traded up 9.5% against the US dollar during the twenty-four hour period ending at 19:00 PM ET on July 6th. One Zcash coin can currently be purchased for approximately $19.90 or 0.00034133 BTC on popular exchanges. Zcash has a market capitalization of $324.94 million and approximately $38.36 million worth of Zcash was traded on exchanges in the last day. In the last week, Zcash has traded down 1.4% against the US dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded up 4.8% against the dollar and now trades at $23.80 or 0.00040817 BTC.
• Horizen (ZEN) traded 1.6% lower against the dollar and now trades at $9.44 or 0.00016186 BTC.
• Komodo (KMD) traded up 7% against the dollar and now trades at $0.29 or 0.00000501 BTC.
• Pirate Chain (ARRR) traded up 0.5% against the dollar and now trades at $0.17 or 0.00000296 BTC.
• ZClassic (ZCL) traded up 1.4% against the dollar and now trades at $0.0466 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 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 Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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