Zcash Price Reaches $45.67 on Exchanges (ZEC)

Zcash (ZEC) traded up 6.2% against the dollar during the 1-day period ending at 10:00 AM Eastern on November 18th. Over the last week, Zcash has traded 2.7% higher against the dollar. Zcash has a market cap of $745.69 million and $103.78 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for approximately $45.67 or 0.00050460 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 1% higher against the dollar and now trades at $31.98 or 0.00035335 BTC.
• Horizen (ZEN) traded up 1.9% against the dollar and now trades at $9.37 or 0.00010348 BTC.
• Pirate Chain (ARRR) traded down 4.6% against the dollar and now trades at $0.24 or 0.00000260 BTC.
• Komodo (KMD) traded 9.6% lower against the dollar and now trades at $0.30 or 0.00000332 BTC.
• ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0543 or 0.00000060 BTC.

About Zcash

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 official message board for Zcash is forum.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.

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 acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView