Zcash Hits Market Capitalization of $366.07 Million (ZEC)

Zcash (ZEC) traded 1.7% lower against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on June 15th. Zcash has a total market capitalization of $366.07 million and approximately $45.72 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded down 3.2% against the U.S. dollar. One Zcash coin can now be purchased for approximately $22.42 or 0.00033914 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

  • Bitcoin Gold (BTG) traded 0.3% lower against the dollar and now trades at $28.83 or 0.00043608 BTC.
  • Horizen (ZEN) traded down 2% against the dollar and now trades at $7.14 or 0.00010801 BTC.
  • Komodo (KMD) traded 1.1% lower against the dollar and now trades at $0.37 or 0.00000563 BTC.
  • Pirate Chain (ARRR) traded down 3.7% against the dollar and now trades at $0.22 or 0.00000334 BTC.
  • ZClassic (ZCL) traded 0.2% lower against the dollar and now trades at $0.0595 or 0.00000090 BTC.

Zcash Profile

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

Buying and Selling Zcash

It is usually not currently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

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