Zcash Achieves Market Cap of $332.31 Million (ZEC)

Zcash (ZEC) traded down 3% against the dollar during the 24-hour period ending at 17:00 PM ET on June 29th. In the last seven days, Zcash has traded 1.6% higher against the dollar. Zcash has a market cap of $332.31 million and $35.38 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for $20.35 or 0.00033391 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 1.1% lower against the dollar and now trades at $24.98 or 0.00040986 BTC.
• Horizen (ZEN) traded up 3.5% against the dollar and now trades at $6.84 or 0.00011220 BTC.
• Komodo (KMD) traded 7.6% lower against the dollar and now trades at $0.30 or 0.00000488 BTC.
• Pirate Chain (ARRR) traded up 3.4% against the dollar and now trades at $0.19 or 0.00000307 BTC.
• ZClassic (ZCL) traded 1.2% higher against the dollar and now trades at $0.0494 or 0.00000081 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. The official website for Zcash 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 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, Coinbase or Gemini. 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