Zcash Market Capitalization Tops $787.98 Million (ZEC)

Zcash (ZEC) traded down 5.2% against the US dollar during the 1 day period ending at 10:00 AM Eastern on January 9th. Over the last week, Zcash has traded down 19.8% against the US dollar. One Zcash coin can now be bought for about $48.26 or 0.00052347 BTC on exchanges. Zcash has a market cap of $787.98 million and $105.60 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded down 1.5% against the dollar and now trades at $22.71 or 0.00024630 BTC.
• Bitcoin Gold (BTG) traded 9.8% lower against the dollar and now trades at $12.91 or 0.00014003 BTC.
• Komodo (KMD) traded 2.2% lower against the dollar and now trades at $0.29 or 0.00000315 BTC.
• Pirate Chain (ARRR) traded 1.6% higher against the dollar and now trades at $0.20 or 0.00000212 BTC.
• ZClassic (ZCL) traded 3% lower against the dollar and now trades at $0.0397 or 0.00000043 BTC.

About 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 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. 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 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 GDAX, Coinbase or Gemini. 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