Zcash Market Capitalization Achieves $4.83 Billion (ZEC)

Zcash (ZEC) traded 1.3% lower against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on February 17th. During the last week, Zcash has traded up 22% against the US dollar. Zcash has a total market capitalization of $4.83 billion and $368.30 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $291.93 or 0.00429016 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded up 0.7% against the dollar and now trades at $6.21 or 0.00009125 BTC.
• Pirate Chain (ARRR) traded 9.5% higher against the dollar and now trades at $0.27 or 0.00000392 BTC.
• Bitcoin Gold (BTG) traded 69.9% higher against the dollar and now trades at $1.04 or 0.00001525 BTC.
• Komodo (KMD) traded 0.1% lower against the dollar and now trades at $0.0234 or 0.00000034 BTC.
• ZClassic (ZCL) traded up 30.5% against the dollar and now trades at $0.27 or 0.00000400 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,539,339 coins and its circulating supply is 16,539,314 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 the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

Buying and Selling Zcash

It is usually not possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, 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