Zcash (ZEC) Market Cap Reaches $617.39 Million

Zcash (ZEC) traded 0.9% lower against the U.S. dollar during the 24-hour period ending at 20:00 PM ET on October 24th. Over the last week, Zcash has traded up 5.6% against the U.S. dollar. Zcash has a market capitalization of $617.39 million and approximately $69.67 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $37.81 or 0.00055624 BTC on popular cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 0.8% higher against the dollar and now trades at $22.44 or 0.00033008 BTC.
• Horizen (ZEN) traded up 1.4% against the dollar and now trades at $7.82 or 0.00011500 BTC.
• Komodo (KMD) traded up 1.7% against the dollar and now trades at $0.25 or 0.00000365 BTC.
• Pirate Chain (ARRR) traded 0.2% higher against the dollar and now trades at $0.17 or 0.00000250 BTC.
• ZClassic (ZCL) traded 1.9% higher against the dollar and now trades at $0.0578 or 0.00000085 BTC.

Zcash Profile

Zcash 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. 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 message board is forum.z.cash. 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 currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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