Zcash Reaches Market Capitalization of $572.38 Million (ZEC)

Zcash (ZEC) traded down 3% against the US dollar during the twenty-four hour period ending at 16:00 PM ET on October 26th. One Zcash coin can currently be bought for approximately $35.05 or 0.00052141 BTC on exchanges. Over the last week, Zcash has traded 5% lower against the US dollar. Zcash has a total market cap of $572.38 million and $65.63 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded down 2.2% against the dollar and now trades at $21.66 or 0.00032213 BTC.
• Horizen (ZEN) traded down 3.4% against the dollar and now trades at $7.32 or 0.00010883 BTC.
• Pirate Chain (ARRR) traded up 1% against the dollar and now trades at $0.18 or 0.00000275 BTC.
• Komodo (KMD) traded down 3.2% against the dollar and now trades at $0.23 or 0.00000345 BTC.
• ZClassic (ZCL) traded 1% higher against the dollar and now trades at $0.0572 or 0.00000085 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash. The official website for Zcash 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.”

Zcash Coin Trading

It is usually not currently 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, Changelly 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