Zcash Achieves Market Cap of $572.50 Million (ZEC)

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

Here’s how related cryptocurrencies have performed in the last day:

• Horizen (ZEN) traded down 3.1% against the dollar and now trades at $13.34 or 0.00013819 BTC.
• Bitcoin Gold (BTG) traded 55.6% higher 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 2.9% lower against the dollar and now trades at $0.20 or 0.00000210 BTC.
• ZClassic (ZCL) traded up 115.5% against the dollar and now trades at $0.0830 or 0.00000086 BTC.

About Zcash

Zcash 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView