Zcash Hits Market Cap of $487.11 Million (ZEC)

Zcash (ZEC) traded 19.3% lower against the US dollar during the 24 hour period ending at 11:00 AM ET on April 7th. One Zcash coin can currently be bought for about $30.66 or 0.00038816 BTC on major exchanges. Zcash has a market cap of $487.11 million and approximately $105.97 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 19.1% lower against the US dollar.

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

• Horizen (ZEN) traded 3.6% lower against the dollar and now trades at $7.48 or 0.00009464 BTC.
• Pirate Chain (ARRR) traded down 3.2% against the dollar and now trades at $0.10 or 0.00000130 BTC.
• Bitcoin Gold (BTG) traded 5.7% lower against the dollar and now trades at $0.94 or 0.00001193 BTC.
• Komodo (KMD) traded 5% lower against the dollar and now trades at $0.12 or 0.00000151 BTC.
• ZClassic (ZCL) traded 4.3% lower against the dollar and now trades at $0.0679 or 0.00000086 BTC.

Zcash 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 15,905,531 coins and its circulating supply is 15,886,821 coins. The official message board for Zcash is forum.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 Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash.

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 trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView