Zcash Achieves Market Capitalization of $338.69 Million (ZEC)

Zcash (ZEC) traded 9.9% higher against the U.S. dollar during the 24-hour period ending at 0:00 AM Eastern on July 8th. During the last seven days, Zcash has traded up 0.5% against the U.S. dollar. Zcash has a market capitalization of $338.69 million and $49.91 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for $20.74 or 0.00036241 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last day:

• Bitcoin Gold (BTG) traded 3.7% higher against the dollar and now trades at $22.92 or 0.00040044 BTC.
• Horizen (ZEN) traded up 21.8% against the dollar and now trades at $10.27 or 0.00017943 BTC.
• Komodo (KMD) traded up 9% against the dollar and now trades at $0.29 or 0.00000508 BTC.
• Pirate Chain (ARRR) traded 0.4% higher against the dollar and now trades at $0.16 or 0.00000282 BTC.
• ZClassic (ZCL) traded up 4% against the dollar and now trades at $0.0463 or 0.00000081 BTC.

Zcash Profile

ZEC 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 Twitter account is @electriccoinco and its Facebook page is accessible here. 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. The official message board for Zcash is forum.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.”

Buying and Selling Zcash

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView