Zcash (ZEC) Market Capitalization Tops $580.52 Million

Zcash (ZEC) traded down 3.5% against the dollar during the 24 hour period ending at 20:00 PM Eastern on August 27th. Zcash has a market cap of $580.52 million and approximately $68.84 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for about $35.55 or 0.00060053 BTC on major cryptocurrency exchanges. In the last seven days, Zcash has traded down 14.3% against the dollar.

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

• Bitcoin Gold (BTG) traded down 3.4% against the dollar and now trades at $22.44 or 0.00037899 BTC.
• Horizen (ZEN) traded 5.4% lower against the dollar and now trades at $7.68 or 0.00012965 BTC.
• Pirate Chain (ARRR) traded 4% lower against the dollar and now trades at $0.17 or 0.00000284 BTC.
• Komodo (KMD) traded 6.2% lower against the dollar and now trades at $0.24 or 0.00000406 BTC.
• ZClassic (ZCL) traded down 6.8% against the dollar and now trades at $0.0646 or 0.00000109 BTC.

About 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. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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.”

Zcash Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or GDAX. 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