Zcash Price Tops $38.43 on Exchanges (ZEC)

Zcash (ZEC) traded down 4.5% against the US dollar during the one day period ending at 9:00 AM E.T. on November 14th. One Zcash coin can currently be purchased for about $38.43 or 0.00042102 BTC on cryptocurrency exchanges. In the last week, Zcash has traded down 12.2% against the US dollar. Zcash has a total market capitalization of $627.54 million and approximately $113.91 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded 18.5% higher against the dollar and now trades at $31.61 or 0.00034625 BTC.
• Horizen (ZEN) traded 0.1% lower against the dollar and now trades at $8.91 or 0.00009761 BTC.
• Pirate Chain (ARRR) traded up 15.9% against the dollar and now trades at $0.26 or 0.00000280 BTC.
• Komodo (KMD) traded 1.7% lower against the dollar and now trades at $0.23 or 0.00000257 BTC.
• ZClassic (ZCL) traded up 1.4% against the dollar and now trades at $0.0547 or 0.00000060 BTC.

About Zcash

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was 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 Twitter account is @electriccoinco and its Facebook page is accessible 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.”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView