Zcash Market Capitalization Hits $448.27 Million (ZEC)

Zcash (ZEC) traded down 1.9% against the U.S. dollar during the one day period ending at 13:00 PM ET on September 8th. Over the last seven days, Zcash has traded down 12.2% against the U.S. dollar. One Zcash coin can now be purchased for approximately $27.45 or 0.00050736 BTC on major cryptocurrency exchanges. Zcash has a market capitalization of $448.27 million and approximately $45.31 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 0.6% against the dollar and now trades at $20.43 or 0.00037747 BTC.
• Horizen (ZEN) traded 2.8% higher against the dollar and now trades at $8.16 or 0.00015086 BTC.
• Pirate Chain (ARRR) traded down 4.3% against the dollar and now trades at $0.16 or 0.00000300 BTC.
• Komodo (KMD) traded 1.1% higher against the dollar and now trades at $0.23 or 0.00000429 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0451 or 0.00000083 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash. 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.”

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

ZEC/USD price chart by TradingView