Zcash (ZEC) Achieves Market Capitalization of $455.09 Million

Zcash (ZEC) traded 1.6% higher against the US dollar during the 1-day period ending at 8:00 AM E.T. on April 3rd. Over the last week, Zcash has traded down 10.8% against the US dollar. One Zcash coin can now be purchased for $27.87 or 0.00042219 BTC on popular exchanges. Zcash has a market capitalization of $455.09 million and $66.40 million worth of Zcash was traded on exchanges in the last 24 hours.

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

  • Bitcoin Gold (BTG) traded down 0.4% against the dollar and now trades at $45.18 or 0.00068443 BTC.
  • Horizen (ZEN) traded 1% higher against the dollar and now trades at $13.00 or 0.00019688 BTC.
  • Komodo (KMD) traded up 4.4% against the dollar and now trades at $0.48 or 0.00000723 BTC.
  • Pirate Chain (ARRR) traded 0.9% lower against the dollar and now trades at $0.17 or 0.00000251 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded 0.9% higher against the dollar and now trades at $0.0627 or 0.00000095 BTC.

Zcash Profile

Zcash (CRYPTO: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 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 message board is forum.z.cash. 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 possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

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