Zcash (ZEC) Market Capitalization Achieves $380.16 Million

Zcash (ZEC) traded up 4.1% against the US dollar during the 24-hour period ending at 22:00 PM E.T. on April 20th. Zcash has a total market capitalization of $380.16 million and approximately $45.54 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for $23.28 or 0.00035799 BTC on major cryptocurrency exchanges. Over the last week, Zcash has traded 14.6% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Bitcoin Gold (BTG) traded up 5.6% against the dollar and now trades at $37.56 or 0.00057746 BTC.
  • Horizen (ZEN) traded 6.1% higher against the dollar and now trades at $9.27 or 0.00014253 BTC.
  • Pirate Chain (ARRR) traded 0.8% higher against the dollar and now trades at $0.41 or 0.00000626 BTC.
  • Komodo (KMD) traded 4.9% higher against the dollar and now trades at $0.43 or 0.00000658 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 2% against the dollar and now trades at $0.0613 or 0.00000094 BTC.

About 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. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. 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 currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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