Zcash Market Capitalization Hits $3.87 Billion (ZEC)

Zcash (ZEC) traded down 5.2% against the dollar during the twenty-four hour period ending at 7:00 AM E.T. on April 2nd. One Zcash coin can now be purchased for approximately $232.96 or 0.00351180 BTC on popular cryptocurrency exchanges. Zcash has a total market capitalization of $3.87 billion and $430.21 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded 5.7% higher against the dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 5% lower against the dollar and now trades at $5.26 or 0.00007934 BTC.
• Pirate Chain (ARRR) traded 0% higher against the dollar and now trades at $0.18 or 0.00000274 BTC.
• Bitcoin Gold (BTG) traded up 65.4% against the dollar and now trades at $1.42 or 0.00002140 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.22 or 0.00000331 BTC.
• Komodo (KMD) traded 29.4% higher against the dollar and now trades at $0.0051 or 0.00000008 BTC.

Zcash Profile

Zcash (CRYPTO: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 16,608,584 coins and its circulating supply is 16,608,644 coins. 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. Zcash’s official website is z.cash. Zcash’s official message board is forum.z.cash.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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