Zcash (ZEC) Achieves Market Capitalization of $595.87 Million

Zcash (ZEC) traded 1.8% lower against the US dollar during the 1 day period ending at 14:00 PM ET on October 25th. In the last week, Zcash has traded up 0.8% against the US dollar. One Zcash coin can currently be purchased for about $36.49 or 0.00054121 BTC on cryptocurrency exchanges. Zcash has a total market cap of $595.87 million and approximately $68.55 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.2% against the dollar and now trades at $22.19 or 0.00032904 BTC.
• Horizen (ZEN) traded 2.3% lower against the dollar and now trades at $7.62 or 0.00011305 BTC.
• Pirate Chain (ARRR) traded up 7.6% against the dollar and now trades at $0.18 or 0.00000272 BTC.
• Komodo (KMD) traded 0.3% higher against the dollar and now trades at $0.24 or 0.00000360 BTC.
• ZClassic (ZCL) traded down 0.4% against the dollar and now trades at $0.0573 or 0.00000085 BTC.

Zcash 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. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView