Zcash Market Cap Tops $615.48 Million (ZEC)

Zcash (ZEC) traded 4.9% higher against the US dollar during the 24 hour period ending at 7:00 AM Eastern on October 15th. Zcash has a market capitalization of $615.48 million and approximately $77.92 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded up 31.5% against the US dollar. One Zcash coin can now be purchased for about $37.69 or 0.00057417 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded 4.1% higher against the dollar and now trades at $23.14 or 0.00035251 BTC.
• Horizen (ZEN) traded 1.2% higher against the dollar and now trades at $8.37 or 0.00012749 BTC.
• Komodo (KMD) traded up 0.9% against the dollar and now trades at $0.27 or 0.00000413 BTC.
• Pirate Chain (ARRR) traded down 1.9% against the dollar and now trades at $0.17 or 0.00000252 BTC.
• ZClassic (ZCL) traded up 0.3% against the dollar and now trades at $0.0520 or 0.00000079 BTC.

About Zcash

Zcash 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 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. 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 official website for Zcash 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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView