Zcash (ZEC) Hits Market Cap of $375.44 Million

Zcash (ZEC) traded 0.5% lower against the US dollar during the 1-day period ending at 21:00 PM Eastern on May 4th. One Zcash coin can currently be bought for $22.99 or 0.00036220 BTC on exchanges. Zcash has a market cap of $375.44 million and approximately $42.12 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 1.6% lower against the US dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 4.7% higher against the dollar and now trades at $38.34 or 0.00060399 BTC.
• Horizen (ZEN) traded down 1% against the dollar and now trades at $8.74 or 0.00013769 BTC.
• Pirate Chain (ARRR) traded up 14.3% against the dollar and now trades at $0.37 or 0.00000586 BTC.
• Komodo (KMD) traded 1.3% lower against the dollar and now trades at $0.41 or 0.00000653 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.8% against the dollar and now trades at $0.0575 or 0.00000091 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 16,328,269 coins. Zcash’s official message board is forum.z.cash. The official website for Zcash is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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 presently 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 GDAX, Gemini or Coinbase. 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