Zcash Market Capitalization Achieves $599.69 Million (ZEC)

Zcash (ZEC) traded down 3% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM E.T. on November 2nd. Zcash has a market capitalization of $599.69 million and approximately $66.28 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for $36.73 or 0.00052930 BTC on popular exchanges. In the last week, Zcash has traded 4.9% higher against the U.S. dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Bitcoin Gold (BTG) traded down 1.6% against the dollar and now trades at $22.07 or 0.00031804 BTC.
• Horizen (ZEN) traded down 0.9% against the dollar and now trades at $7.37 or 0.00010615 BTC.
• Pirate Chain (ARRR) traded down 8% against the dollar and now trades at $0.17 or 0.00000249 BTC.
• Komodo (KMD) traded 5.3% lower against the dollar and now trades at $0.22 or 0.00000318 BTC.
• ZClassic (ZCL) traded down 1.6% against the dollar and now trades at $0.0486 or 0.00000070 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. 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. The official website for Zcash is z.cash. 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.”

Zcash Coin Trading

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

ZEC/USD price chart by TradingView