Zcash (ZEC) Market Capitalization Achieves $601.19 Million

Zcash (ZEC) traded down 4.3% against the dollar during the twenty-four hour period ending at 14:00 PM Eastern on October 31st. One Zcash coin can now be purchased for approximately $36.82 or 0.00052063 BTC on major exchanges. Over the last week, Zcash has traded 0.2% higher against the dollar. Zcash has a market capitalization of $601.19 million and $69.12 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded 2.4% lower against the dollar and now trades at $22.88 or 0.00032357 BTC.
• Horizen (ZEN) traded 4% lower against the dollar and now trades at $7.37 or 0.00010419 BTC.
• Pirate Chain (ARRR) traded 2.1% lower against the dollar and now trades at $0.19 or 0.00000263 BTC.
• Komodo (KMD) traded 3% lower against the dollar and now trades at $0.24 or 0.00000334 BTC.
• ZClassic (ZCL) traded down 1.6% against the dollar and now trades at $0.0494 or 0.00000070 BTC.

Zcash Coin Profile

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. Zcash’s official website is z.cash. 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 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 trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini 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