Zcash (ZEC) Price Tops $21.31

Zcash (ZEC) traded down 4.8% against the US dollar during the 1-day period ending at 23:00 PM E.T. on April 30th. Zcash has a total market capitalization of $347.96 million and $40.98 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for approximately $21.31 or 0.00035469 BTC on popular exchanges. During the last week, Zcash has traded 11.8% lower against the US dollar.

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

• Bitcoin Gold (BTG) traded down 12.2% against the dollar and now trades at $28.65 or 0.00047679 BTC.
• Horizen (ZEN) traded down 4.6% against the dollar and now trades at $8.25 or 0.00013728 BTC.
• Pirate Chain (ARRR) traded down 6.7% against the dollar and now trades at $0.35 or 0.00000584 BTC.
• Komodo (KMD) traded down 7.4% against the dollar and now trades at $0.38 or 0.00000634 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 5.7% against the dollar and now trades at $0.0541 or 0.00000090 BTC.

Zcash Profile

Zcash 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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. 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 possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase 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 purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView