Zcash Achieves Market Cap of $533.32 Million (ZEC)

Zcash (ZEC) traded 0.2% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on February 10th. During the last seven days, Zcash has traded down 0.9% against the US dollar. Zcash has a market capitalization of $533.32 million and $8.45 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for about $32.66 or 0.00033512 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Horizen (ZEN) traded 0.1% higher against the dollar and now trades at $11.71 or 0.00012014 BTC.
• Bitcoin Gold (BTG) traded 4.6% lower against the dollar and now trades at $4.81 or 0.00004933 BTC.
• Pirate Chain (ARRR) traded down 1.8% against the dollar and now trades at $0.15 or 0.00000151 BTC.
• Komodo (KMD) traded 1% higher against the dollar and now trades at $0.19 or 0.00000199 BTC.
• ZClassic (ZCL) traded 1.2% higher against the dollar and now trades at $0.0613 or 0.00000063 BTC.

About 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. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. 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.”

Zcash Coin Trading

It is usually not currently 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 Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView