Zcash Hits Market Capitalization of $585.93 Million (ZEC)

Zcash (ZEC) traded 0.3% lower against the US dollar during the one day period ending at 17:00 PM E.T. on October 18th. Zcash has a total market cap of $585.93 million and $71.28 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded up 0.1% against the US dollar. One Zcash coin can now be purchased for approximately $35.88 or 0.00052431 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded up 1.8% against the dollar and now trades at $23.92 or 0.00034943 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $8.06 or 0.00011783 BTC.
• Komodo (KMD) traded 2.3% higher against the dollar and now trades at $0.25 or 0.00000372 BTC.
• Pirate Chain (ARRR) traded 4.7% higher against the dollar and now trades at $0.18 or 0.00000257 BTC.
• ZClassic (ZCL) traded 2.1% lower against the dollar and now trades at $0.0524 or 0.00000077 BTC.

Zcash 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. 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. 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 GDAX, Coinbase or Changelly. 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