Zcash Hits Market Capitalization of $520.18 Million (ZEC)

Zcash (ZEC) traded 0.3% higher against the U.S. dollar during the one day period ending at 18:00 PM ET on July 28th. One Zcash coin can now be purchased for $31.86 or 0.00046758 BTC on exchanges. During the last seven days, Zcash has traded down 1.2% against the U.S. dollar. Zcash has a total market capitalization of $520.18 million and $74.52 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded up 0.4% against the dollar and now trades at $26.63 or 0.00039093 BTC.
• Horizen (ZEN) traded up 1% against the dollar and now trades at $11.01 or 0.00016155 BTC.
• Komodo (KMD) traded 3.2% lower against the dollar and now trades at $0.27 or 0.00000404 BTC.
• Pirate Chain (ARRR) traded 2.4% higher against the dollar and now trades at $0.18 or 0.00000263 BTC.
• ZClassic (ZCL) traded 1.1% lower against the dollar and now trades at $0.0550 or 0.00000081 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. 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. Zcash’s official message board is forum.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.”

Zcash Coin Trading

It is usually not 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView