Zcash Achieves Market Cap of $572.50 Million (ZEC)

Zcash (ZEC) traded 2.8% lower against the U.S. dollar during the twenty-four hour period ending at 10:00 AM ET on February 22nd. Zcash has a total market cap of $572.50 million and approximately $73.88 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $36.04 or 0.00037319 BTC on popular exchanges. Over the last week, Zcash has traded up 11.8% against the U.S. dollar.

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

• Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $13.34 or 0.00013819 BTC.
• Bitcoin Gold (BTG) traded up 55.6% against the dollar and now trades at $4.98 or 0.00005157 BTC.
• Pirate Chain (ARRR) traded down 0.6% against the dollar and now trades at $0.18 or 0.00000191 BTC.
• Komodo (KMD) traded down 2.9% against the dollar and now trades at $0.20 or 0.00000210 BTC.
• ZClassic (ZCL) traded 115.5% higher against the dollar and now trades at $0.0830 or 0.00000086 BTC.

Zcash Coin 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 15,905,531 coins and its circulating supply is 15,886,821 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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.

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 currently possible to purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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