Zcash Market Cap Reaches $367.68 Million (ZEC)

Zcash (ZEC) traded 5.8% higher against the US dollar during the 24 hour period ending at 0:00 AM ET on April 19th. Over the last week, Zcash has traded 3.6% lower against the US dollar. One Zcash coin can now be bought for $22.52 or 0.00035206 BTC on major exchanges. Zcash has a total market capitalization of $367.68 million and approximately $55.89 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded up 5.6% against the dollar and now trades at $35.61 or 0.00055682 BTC.
• Horizen (ZEN) traded up 4.4% against the dollar and now trades at $8.72 or 0.00013638 BTC.
• Pirate Chain (ARRR) traded up 1.4% against the dollar and now trades at $0.41 or 0.00000636 BTC.
• Komodo (KMD) traded up 6.1% against the dollar and now trades at $0.41 or 0.00000639 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 3.9% against the dollar and now trades at $0.0606 or 0.00000095 BTC.

Zcash Coin Profile

Zcash (CRYPTO: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 message board for Zcash is forum.z.cash. 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.

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 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 Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView