Zcash Price Hits $35.97 on Top Exchanges (ZEC)

Zcash (ZEC) traded 0% lower against the dollar during the one day period ending at 10:00 AM Eastern on March 30th. One Zcash coin can currently be bought for about $35.97 or 0.00043469 BTC on popular exchanges. In the last seven days, Zcash has traded up 13.8% against the dollar. Zcash has a total market capitalization of $571.38 million and approximately $60.85 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded down 4.7% against the dollar and now trades at $8.94 or 0.00010802 BTC.
• Pirate Chain (ARRR) traded down 1.2% against the dollar and now trades at $0.12 or 0.00000151 BTC.
• Komodo (KMD) traded 1.3% lower against the dollar and now trades at $0.15 or 0.00000181 BTC.
• Bitcoin Gold (BTG) traded 3.9% lower against the dollar and now trades at $0.39 or 0.00000470 BTC.
• ZClassic (ZCL) traded 0.1% higher against the dollar and now trades at $0.0711 or 0.00000086 BTC.

About Zcash

Zcash (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 15,905,531 coins and its circulating supply is 15,886,821 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. The official website for Zcash 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 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, Coinbase 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