Zcash (ZEC) Price Hits $29.93

Zcash (ZEC) traded 3.5% lower against the dollar during the one day period ending at 11:00 AM E.T. on March 10th. Zcash has a total market cap of $475.46 million and approximately $63.61 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded 24.5% lower against the dollar. One Zcash coin can currently be bought for approximately $29.93 or 0.00037429 BTC on exchanges.

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

• Horizen (ZEN) traded 13.5% lower against the dollar and now trades at $8.59 or 0.00010741 BTC.
• Bitcoin Gold (BTG) traded up 0.2% against the dollar and now trades at $3.26 or 0.00004083 BTC.
• Pirate Chain (ARRR) traded 1.1% higher against the dollar and now trades at $0.14 or 0.00000170 BTC.
• Komodo (KMD) traded down 7.1% against the dollar and now trades at $0.16 or 0.00000194 BTC.
• ZClassic (ZCL) traded down 4.4% against the dollar and now trades at $0.0687 or 0.00000086 BTC.

About Zcash

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 15,905,531 coins and its circulating supply is 15,886,821 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. Zcash’s official message board 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.

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 acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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