Zcash (ZEC) Achieves Market Cap of $646.81 Million

Zcash (ZEC) traded up 10.3% against the dollar during the 1 day period ending at 17:00 PM Eastern on August 9th. One Zcash coin can now be purchased for about $39.61 or 0.00065774 BTC on exchanges. Zcash has a market cap of $646.81 million and $137.96 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 21% higher against the dollar.

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

• Bitcoin Gold (BTG) traded 1% higher against the dollar and now trades at $23.06 or 0.00038296 BTC.
• Horizen (ZEN) traded 3.3% higher against the dollar and now trades at $8.42 or 0.00013982 BTC.
• Pirate Chain (ARRR) traded up 2.1% against the dollar and now trades at $0.17 or 0.00000281 BTC.
• Komodo (KMD) traded 0.4% higher against the dollar and now trades at $0.24 or 0.00000399 BTC.
• ZClassic (ZCL) traded up 3% against the dollar and now trades at $0.0486 or 0.00000081 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 16,328,269 coins. 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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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 trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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