Zcash Reaches Market Capitalization of $572.38 Million (ZEC)

Zcash (ZEC) traded down 3% against the US dollar during the 1-day period ending at 16:00 PM ET on October 26th. In the last seven days, Zcash has traded down 5% against the US dollar. One Zcash coin can currently be bought for approximately $35.05 or 0.00052141 BTC on cryptocurrency exchanges. Zcash has a total market cap of $572.38 million and approximately $65.63 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded down 2.2% against the dollar and now trades at $21.66 or 0.00032213 BTC.
• Horizen (ZEN) traded down 3.4% against the dollar and now trades at $7.32 or 0.00010883 BTC.
• Pirate Chain (ARRR) traded 1% higher against the dollar and now trades at $0.18 or 0.00000275 BTC.
• Komodo (KMD) traded 3.2% lower against the dollar and now trades at $0.23 or 0.00000345 BTC.
• ZClassic (ZCL) traded up 1% against the dollar and now trades at $0.0572 or 0.00000085 BTC.

About Zcash

Zcash 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 official message board for Zcash is forum.z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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.”

Zcash Coin Trading

It is usually not presently 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 GDAX, Gemini 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