Zcash Achieves Market Cap of $376.33 Million (ZEC)

Zcash (ZEC) traded 0.7% higher against the U.S. dollar during the 24-hour period ending at 21:00 PM Eastern on May 3rd. Zcash has a market cap of $376.33 million and approximately $45.42 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for about $23.05 or 0.00036485 BTC on popular exchanges. Over the last week, Zcash has traded 2.9% higher against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 25% higher against the dollar and now trades at $36.88 or 0.00058383 BTC.
• Horizen (ZEN) traded 0.7% higher against the dollar and now trades at $8.82 or 0.00013959 BTC.
• Pirate Chain (ARRR) traded up 3.1% against the dollar and now trades at $0.33 or 0.00000516 BTC.
• Komodo (KMD) traded up 3.4% against the dollar and now trades at $0.42 or 0.00000667 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 5.5% against the dollar and now trades at $0.0558 or 0.00000088 BTC.

Zcash Coin Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched 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. 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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. 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