Zcash (ZEC) Market Cap Tops $743.10 Million

Zcash (ZEC) traded down 8.4% against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on November 26th. Zcash has a total market capitalization of $743.10 million and approximately $107.84 million worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded 4.3% higher against the U.S. dollar. One Zcash coin can now be purchased for about $45.51 or 0.00048754 BTC on exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded down 3.6% against the dollar and now trades at $31.12 or 0.00033338 BTC.
• Horizen (ZEN) traded down 2.1% against the dollar and now trades at $11.87 or 0.00012712 BTC.
• Pirate Chain (ARRR) traded down 11.1% against the dollar and now trades at $0.30 or 0.00000318 BTC.
• Komodo (KMD) traded 0.5% higher against the dollar and now trades at $0.30 or 0.00000317 BTC.
• ZClassic (ZCL) traded 2.2% lower against the dollar and now trades at $0.0559 or 0.00000060 BTC.

Zcash Coin Profile

Zcash (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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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.”

Buying and Selling Zcash

It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView