Zcash Achieves Market Capitalization of $333.90 Million (ZEC)

Zcash (ZEC) traded 4.1% lower against the U.S. dollar during the 1 day period ending at 9:00 AM Eastern on April 17th. One Zcash coin can now be purchased for $20.45 or 0.00032900 BTC on popular cryptocurrency exchanges. Zcash has a market capitalization of $333.90 million and $51.18 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 22.5% lower against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded 5.4% lower against the dollar and now trades at $34.86 or 0.00056083 BTC.
• Horizen (ZEN) traded 4.4% lower against the dollar and now trades at $8.17 or 0.00013142 BTC.
• Pirate Chain (ARRR) traded up 1.1% against the dollar and now trades at $0.31 or 0.00000493 BTC.
• Komodo (KMD) traded down 6.7% against the dollar and now trades at $0.38 or 0.00000613 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.0592 or 0.00000095 BTC.

Zcash Coin Profile

Zcash 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. Zcash’s official message board 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 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, Coinbase or GDAX. 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