Zcash (ZEC) Market Cap Reaches $1.14 Billion

Zcash (ZEC) traded 15.5% higher against the U.S. dollar during the 1-day period ending at 10:00 AM E.T. on December 24th. Zcash has a market cap of $1.14 billion and approximately $204.85 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for about $69.87 or 0.00071717 BTC on major cryptocurrency exchanges. Over the last seven days, Zcash has traded up 23.4% against the U.S. dollar.

Here is how other cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded up 19.7% against the dollar and now trades at $37.16 or 0.00038150 BTC.
• Bitcoin Gold (BTG) traded 20.9% lower against the dollar and now trades at $13.37 or 0.00013725 BTC.
• Komodo (KMD) traded 9.7% higher against the dollar and now trades at $0.33 or 0.00000342 BTC.
• Pirate Chain (ARRR) traded down 6.2% against the dollar and now trades at $0.20 or 0.00000205 BTC.
• ZClassic (ZCL) traded 3.4% higher against the dollar and now trades at $0.0390 or 0.00000040 BTC.

Zcash Coin 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. The official message board for Zcash is forum.z.cash. Zcash’s official website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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, GDAX or Coinbase. 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