Zcash Market Cap Reaches $391.85 Million (ZEC)

Zcash (ZEC) traded 1.2% higher against the dollar during the 1-day period ending at 9:00 AM E.T. on April 23rd. One Zcash coin can currently be purchased for $24.00 or 0.00036153 BTC on cryptocurrency exchanges. Zcash has a total market cap of $391.85 million and $50.13 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded up 14.9% against the dollar.

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

• Bitcoin Gold (BTG) traded down 0.7% against the dollar and now trades at $36.74 or 0.00055345 BTC.
• Horizen (ZEN) traded up 1% against the dollar and now trades at $9.38 or 0.00014123 BTC.
• Pirate Chain (ARRR) traded down 7.3% against the dollar and now trades at $0.35 or 0.00000520 BTC.
• Komodo (KMD) traded up 1.5% against the dollar and now trades at $0.45 or 0.00000678 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0629 or 0.00000095 BTC.

Zcash Coin Profile

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

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 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 Gemini, Changelly 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