Zcash (ZEC) Price Reaches $23.61 on Top Exchanges

Zcash (ZEC) traded up 1.6% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on May 9th. One Zcash coin can currently be purchased for approximately $23.61 or 0.00037598 BTC on major cryptocurrency exchanges. Zcash has a market cap of $385.52 million and approximately $46.60 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded 3.2% higher against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 2.1% higher against the dollar and now trades at $34.49 or 0.00054916 BTC.
• Horizen (ZEN) traded up 4.7% against the dollar and now trades at $9.28 or 0.00014785 BTC.
• Pirate Chain (ARRR) traded 2.8% higher against the dollar and now trades at $0.37 or 0.00000588 BTC.
• Komodo (KMD) traded 1% higher against the dollar and now trades at $0.41 or 0.00000658 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 5.6% higher against the dollar and now trades at $0.0564 or 0.00000090 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 website is z.cash. Zcash’s official message board is forum.z.cash. 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.”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView