Zcash (ZEC) Price Hits $35.23

Zcash (ZEC) traded 12.4% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on February 26th. One Zcash coin can currently be purchased for $35.23 or 0.00040292 BTC on cryptocurrency exchanges. In the last week, Zcash has traded down 2.8% against the U.S. dollar. Zcash has a market cap of $559.66 million and $70.87 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded up 12.9% against the dollar and now trades at $12.84 or 0.00014681 BTC.
• Bitcoin Gold (BTG) traded 1.3% lower against the dollar and now trades at $4.14 or 0.00004736 BTC.
• Pirate Chain (ARRR) traded down 2.1% against the dollar and now trades at $0.16 or 0.00000186 BTC.
• Komodo (KMD) traded up 4.1% against the dollar and now trades at $0.18 or 0.00000203 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0751 or 0.00000086 BTC.

Zcash 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 15,905,531 coins and its circulating supply is 15,886,821 coins. The official website for Zcash is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. 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 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 Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView