Zcash (ZEC) Price Hits $372.17 on Major Exchanges

Zcash (ZEC) traded up 2.3% against the dollar during the 1-day period ending at 7:00 AM Eastern on April 14th. Zcash has a market capitalization of $6.19 billion and $808.71 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $372.17 or 0.00499882 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded up 40.2% against the dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Horizen (ZEN) traded 1.4% higher against the dollar and now trades at $5.92 or 0.00007951 BTC.
• Pirate Chain (ARRR) traded up 0.6% against the dollar and now trades at $0.20 or 0.00000268 BTC.
• Bitcoin Gold (BTG) traded up 30.5% against the dollar and now trades at $0.87 or 0.00001166 BTC.
• ZClassic (ZCL) traded down 27.5% against the dollar and now trades at $0.19 or 0.00000262 BTC.
• Komodo (KMD) traded up 1.1% against the dollar and now trades at $0.0034 or 0.00000005 BTC.

Zcash Coin Profile

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 16,627,537 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 is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView