Zcash Market Cap Reaches $367.68 Million (ZEC)

Zcash (ZEC) traded 5.8% higher against the U.S. dollar during the one day period ending at 0:00 AM E.T. on April 19th. One Zcash coin can currently be bought for about $22.52 or 0.00035206 BTC on popular cryptocurrency exchanges. Over the last seven days, Zcash has traded down 3.6% against the U.S. dollar. Zcash has a total market capitalization of $367.68 million and approximately $55.89 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded up 5.6% against the dollar and now trades at $35.61 or 0.00055682 BTC.
• Horizen (ZEN) traded up 4.4% against the dollar and now trades at $8.72 or 0.00013638 BTC.
• Pirate Chain (ARRR) traded 1.4% higher against the dollar and now trades at $0.41 or 0.00000636 BTC.
• Komodo (KMD) traded up 6.1% against the dollar and now trades at $0.41 or 0.00000639 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.9% higher against the dollar and now trades at $0.0606 or 0.00000095 BTC.

Zcash Coin 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 official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed 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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView