Zcash (ZEC) Reaches Market Capitalization of $378.93 Million

Zcash (ZEC) traded 3.2% lower against the U.S. dollar during the 24 hour period ending at 15:00 PM ET on April 24th. One Zcash coin can now be purchased for $23.21 or 0.00036075 BTC on popular exchanges. In the last seven days, Zcash has traded 10.4% higher against the U.S. dollar. Zcash has a total market capitalization of $378.93 million and approximately $49.06 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded down 4.4% against the dollar and now trades at $35.58 or 0.00055314 BTC.
• Horizen (ZEN) traded 2.2% lower against the dollar and now trades at $9.17 or 0.00014249 BTC.
• Pirate Chain (ARRR) traded up 11.8% against the dollar and now trades at $0.39 or 0.00000611 BTC.
• Komodo (KMD) traded 5.4% lower against the dollar and now trades at $0.43 or 0.00000675 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 3.4% against the dollar and now trades at $0.0611 or 0.00000095 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) 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 Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash 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 Changelly, Coinbase or GDAX. 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