Zcash Market Cap Reaches $391.85 Million (ZEC)

Zcash (ZEC) traded up 1.2% against the US dollar during the 1-day period ending at 9:00 AM ET on April 23rd. One Zcash coin can now be purchased for approximately $24.00 or 0.00036153 BTC on major cryptocurrency exchanges. During the last week, Zcash has traded 14.9% higher against the US dollar. Zcash has a total market cap of $391.85 million and approximately $50.13 million worth of Zcash was traded on exchanges in the last day.

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

  • Bitcoin Gold (BTG) traded 0.7% lower against the dollar and now trades at $36.74 or 0.00055345 BTC.
  • Horizen (ZEN) traded 1% higher against the dollar and now trades at $9.38 or 0.00014123 BTC.
  • Pirate Chain (ARRR) traded down 7.3% against the dollar and now trades at $0.35 or 0.00000520 BTC.
  • Komodo (KMD) traded up 1.5% against the dollar and now trades at $0.45 or 0.00000678 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0629 or 0.00000095 BTC.

About 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 16,328,269 coins. Zcash’s official website is z.cash. 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.

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 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

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