Zcash Price Tops $503.28 on Top Exchanges (ZEC)

Zcash (ZEC) traded 0.2% higher against the dollar during the 24-hour period ending at 8:00 AM ET on July 11th. Zcash has a total market cap of $8.44 billion and approximately $348.72 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 8.9% higher against the dollar. One Zcash coin can now be purchased for $503.28 or 0.00784711 BTC on popular cryptocurrency exchanges.

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

• Horizen (ZEN) traded up 0.1% against the dollar and now trades at $4.17 or 0.00006499 BTC.
• Pirate Chain (ARRR) traded down 3.5% against the dollar and now trades at $0.21 or 0.00000334 BTC.
• Bitcoin Gold (BTG) traded 24.6% lower against the dollar and now trades at $0.26 or 0.00000408 BTC.
• Komodo (KMD) traded 151.2% higher against the dollar and now trades at $0.0300 or 0.00000047 BTC.
• ZClassic (ZCL) traded 0.5% lower against the dollar and now trades at $0.18 or 0.00000275 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,766,368 coins and its circulating supply is 16,766,306 coins. The official message board for Zcash is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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 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.”

Buying and Selling Zcash

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