Zcash Reaches Market Cap of $499.94 Million (ZEC)

Zcash (ZEC) traded 2.3% lower against the dollar during the 1 day period ending at 0:00 AM ET on March 27th. Over the last seven days, Zcash has traded up 5.2% against the dollar. One Zcash coin can currently be bought for $30.62 or 0.00044197 BTC on cryptocurrency exchanges. Zcash has a market cap of $499.94 million and $69.22 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 0.8% against the dollar and now trades at $48.39 or 0.00069856 BTC.
• Horizen (ZEN) traded down 2.9% against the dollar and now trades at $13.75 or 0.00019843 BTC.
• Komodo (KMD) traded up 5.4% against the dollar and now trades at $0.42 or 0.00000607 BTC.
• Pirate Chain (ARRR) traded 1% lower against the dollar and now trades at $0.19 or 0.00000276 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 2.7% lower against the dollar and now trades at $0.0654 or 0.00000094 BTC.

Zcash Coin Profile

Zcash (CRYPTO:ZEC) 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 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. 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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView