Zcash Market Capitalization Hits $7.70 Billion (ZEC)

Zcash (ZEC) traded 3.4% higher against the U.S. dollar during the one day period ending at 9:00 AM E.T. on July 7th. Over the last week, Zcash has traded up 18% against the U.S. dollar. One Zcash coin can now be purchased for approximately $459.62 or 0.00725173 BTC on popular cryptocurrency exchanges. Zcash has a market capitalization of $7.70 billion and $431.90 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded 1.1% higher against the dollar and now trades at $4.19 or 0.00006612 BTC.
• Pirate Chain (ARRR) traded 3.2% lower against the dollar and now trades at $0.23 or 0.00000366 BTC.
• Bitcoin Gold (BTG) traded down 23.3% against the dollar and now trades at $0.26 or 0.00000410 BTC.
• ZClassic (ZCL) traded 2.3% lower against the dollar and now trades at $0.18 or 0.00000288 BTC.
• Komodo (KMD) traded 31.1% lower against the dollar and now trades at $0.0079 or 0.00000012 BTC.

About 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 16,760,072 coins and its circulating supply is 16,759,992 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 website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here.

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 possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView