Zcash Market Capitalization Tops $571.38 Million (ZEC)

Zcash (ZEC) traded down 0% against the US dollar during the 24 hour period ending at 10:00 AM ET on March 30th. One Zcash coin can now be bought for approximately $35.97 or 0.00043469 BTC on popular cryptocurrency exchanges. In the last week, Zcash has traded up 13.8% against the US dollar. Zcash has a market cap of $571.38 million and approximately $60.85 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Horizen (ZEN) traded down 4.7% against the dollar and now trades at $8.94 or 0.00010802 BTC.
• Pirate Chain (ARRR) traded down 1.2% against the dollar and now trades at $0.12 or 0.00000151 BTC.
• Komodo (KMD) traded down 1.3% against the dollar and now trades at $0.15 or 0.00000181 BTC.
• Bitcoin Gold (BTG) traded 3.9% lower against the dollar and now trades at $0.39 or 0.00000470 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0711 or 0.00000086 BTC.

About Zcash

Zcash (ZEC) 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 15,905,531 coins and its circulating supply is 15,886,821 coins. Zcash’s official website 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. Zcash’s official message board is forum.z.cash.

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

ZEC/USD price chart by TradingView