Zcash Market Capitalization Tops $444.35 Million (ZEC)

Zcash (ZEC) traded 3.6% lower against the dollar during the 1 day period ending at 23:00 PM Eastern on October 1st. Zcash has a total market cap of $444.35 million and approximately $65.17 million worth of Zcash was traded on exchanges in the last day. In the last seven days, Zcash has traded down 8.2% against the dollar. One Zcash coin can now be bought for about $27.21 or 0.00044059 BTC on popular exchanges.

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

• Bitcoin Gold (BTG) traded 4.5% lower against the dollar and now trades at $22.88 or 0.00037035 BTC.
• Horizen (ZEN) traded down 6.7% against the dollar and now trades at $7.63 or 0.00012345 BTC.
• Pirate Chain (ARRR) traded up 2.4% against the dollar and now trades at $0.19 or 0.00000302 BTC.
• Komodo (KMD) traded 8.7% lower against the dollar and now trades at $0.24 or 0.00000392 BTC.
• ZClassic (ZCL) traded down 1.2% against the dollar and now trades at $0.0495 or 0.00000080 BTC.

Zcash Coin Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash 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. The official website for Zcash is z.cash.

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 currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView