Zcash (ZEC) Price Tops $1,446.64 on Exchanges

Zcash (ZEC) traded down 8.9% against the U.S. dollar during the one day period ending at 8:00 AM Eastern on September 29th. Zcash has a market cap of $24.44 billion and approximately $1.89 billion worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $1,446.64 or 0.01715469 BTC on popular exchanges. During the last week, Zcash has traded down 5.5% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last day:

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• Horizen (ZEN) traded 2.3% lower against the dollar and now trades at $7.04 or 0.00008353 BTC.
• Pirate Chain (ARRR) traded down 13.3% against the dollar and now trades at $0.28 or 0.00000329 BTC.
• Bitcoin Gold (BTG) traded up 1.7% against the dollar and now trades at $0.89 or 0.00001050 BTC.
• Komodo (KMD) traded 3.5% higher against the dollar and now trades at $0.0926 or 0.00000110 BTC.
• ZClassic (ZCL) traded up 2.8% against the dollar and now trades at $0.90 or 0.00001062 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,892,450 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. The official website for Zcash is z.cash. Zcash’s official message board is forum.z.cash.

According to CryptoCompare, “Zcash (ZEC) is the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Buying and Selling Zcash

It is usually not currently 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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