Zcash (ZEC) Price Tops $22.67

Zcash (ZEC) traded up 5.4% against the U.S. dollar during the 1 day period ending at 16:00 PM ET on May 2nd. One Zcash coin can currently be bought for about $22.67 or 0.00038339 BTC on major cryptocurrency exchanges. Zcash has a total market cap of $370.11 million and approximately $46.74 million worth of Zcash was traded on exchanges in the last day. In the last seven days, Zcash has traded 3.4% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded up 2.5% against the dollar and now trades at $29.48 or 0.00049864 BTC.
• Horizen (ZEN) traded 4.7% higher against the dollar and now trades at $8.66 or 0.00014652 BTC.
• Pirate Chain (ARRR) traded 6.6% lower against the dollar and now trades at $0.32 or 0.00000543 BTC.
• Komodo (KMD) traded up 7% against the dollar and now trades at $0.41 or 0.00000687 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 3.2% against the dollar and now trades at $0.0529 or 0.00000089 BTC.

Zcash Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is 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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView