Zcash Price Reaches $1,270.53 on Major Exchanges (ZEC)

Zcash (ZEC) traded 10.4% higher against the U.S. dollar during the one day period ending at 8:00 AM E.T. on September 9th. One Zcash coin can now be bought for $1,270.53 or 0.01600953 BTC on cryptocurrency exchanges. Zcash has a total market cap of $21.42 billion and $1.50 billion worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded up 59.6% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded up 8.1% against the dollar and now trades at $7.53 or 0.00009484 BTC.
• Pirate Chain (ARRR) traded down 7.2% against the dollar and now trades at $0.25 or 0.00000311 BTC.
• Bitcoin Gold (BTG) traded up 1.5% against the dollar and now trades at $0.50 or 0.00000631 BTC.
• ZClassic (ZCL) traded 1.3% higher against the dollar and now trades at $0.26 or 0.00000325 BTC.
• Komodo (KMD) traded up 26.4% against the dollar and now trades at $0.0094 or 0.00000012 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,860,936 coins. Zcash’s official message board is forum.z.cash. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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.”

Zcash Coin Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. 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