Zcash (ZEC) Reaches Market Cap of $601.29 Million

Zcash (ZEC) traded 3.7% higher against the dollar during the 24 hour period ending at 11:00 AM E.T. on March 26th. One Zcash coin can currently be bought for $37.85 or 0.00043735 BTC on exchanges. Over the last week, Zcash has traded up 13% against the dollar. Zcash has a total market capitalization of $601.29 million and approximately $83.98 million worth of Zcash was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded 0.2% lower against the dollar and now trades at $9.83 or 0.00011357 BTC.
• Pirate Chain (ARRR) traded 0.3% higher against the dollar and now trades at $0.14 or 0.00000159 BTC.
• Komodo (KMD) traded down 1.3% against the dollar and now trades at $0.17 or 0.00000197 BTC.
• Bitcoin Gold (BTG) traded 88.3% lower against the dollar and now trades at $0.31 or 0.00000360 BTC.
• ZClassic (ZCL) traded 1.4% lower against the dollar and now trades at $0.0744 or 0.00000086 BTC.

Zcash Profile

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 15,905,531 coins and its circulating supply is 15,886,821 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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 presently 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 Changelly, 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