Zcash Price Tops $469.95 on Top Exchanges (ZEC)

Zcash (ZEC) traded down 1.8% against the U.S. dollar during the 24-hour period ending at 7:00 AM E.T. on November 29th. Zcash has a market capitalization of $7.71 billion and $744.45 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded 7.5% lower against the U.S. dollar. One Zcash coin can now be bought for approximately $469.95 or 0.00518673 BTC on exchanges.

Here’s how other cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 8.1% lower against the dollar and now trades at $11.00 or 0.00012139 BTC.
• Pirate Chain (ARRR) traded 6.5% lower against the dollar and now trades at $0.34 or 0.00000375 BTC.
• Bitcoin Gold (BTG) traded 3.6% higher against the dollar and now trades at $0.61 or 0.00000671 BTC.
• Komodo (KMD) traded 1.2% higher against the dollar and now trades at $0.0394 or 0.00000043 BTC.
• ZClassic (ZCL) traded 5.7% higher against the dollar and now trades at $0.46 or 0.00000508 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 16,413,093 coins. The official message board for Zcash is forum.z.cash. 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 Twitter account is @electriccoinco and its Facebook page is accessible here.

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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView