Zcash (ZEC) Price Reaches $26.77 on Major Exchanges

Zcash (ZEC) traded up 0.8% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on May 27th. Over the last week, Zcash has traded up 7.1% against the US dollar. One Zcash coin can now be bought for approximately $26.77 or 0.00038966 BTC on cryptocurrency exchanges. Zcash has a market capitalization of $437.12 million and approximately $49.49 million worth of Zcash was traded on exchanges in the last 24 hours.

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

  • Bitcoin Gold (BTG) traded down 1.4% against the dollar and now trades at $35.51 or 0.00051692 BTC.
  • Horizen (ZEN) traded 0.9% higher against the dollar and now trades at $9.66 or 0.00014060 BTC.
  • Komodo (KMD) traded down 1.7% against the dollar and now trades at $0.40 or 0.00000577 BTC.
  • Pirate Chain (ARRR) traded 4.2% higher against the dollar and now trades at $0.26 or 0.00000376 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 0.6% against the dollar and now trades at $0.0621 or 0.00000090 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.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. Zcash’s official website is z.cash.

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.”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

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