Zcash Market Capitalization Reaches $978.10 Million (ZEC)

Zcash (ZEC) traded down 5.9% against the dollar during the 1-day period ending at 10:00 AM ET on December 28th. Zcash has a market capitalization of $978.10 million and approximately $124.73 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be bought for $59.90 or 0.00063531 BTC on popular exchanges. In the last week, Zcash has traded up 13.2% against the dollar.

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

• Horizen (ZEN) traded down 11.5% against the dollar and now trades at $27.86 or 0.00029544 BTC.
• Bitcoin Gold (BTG) traded down 5.6% against the dollar and now trades at $9.61 or 0.00010194 BTC.
• Komodo (KMD) traded up 6.8% against the dollar and now trades at $0.34 or 0.00000355 BTC.
• Pirate Chain (ARRR) traded down 4.5% against the dollar and now trades at $0.21 or 0.00000222 BTC.
• ZClassic (ZCL) traded up 4% against the dollar and now trades at $0.0396 or 0.00000042 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. Zcash’s official website is z.cash. Zcash’s official message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.”

Buying and Selling Zcash

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView