Zcash (ZEC) Achieves Market Capitalization of $8.23 Billion

Posted by on Aug 12th, 2026

Zcash (ZEC) traded up 0.1% against the dollar during the 24 hour period ending at 7:00 AM Eastern on August 12th. One Zcash coin can now be purchased for $489.51 or 0.00762856 BTC on popular cryptocurrency exchanges. Zcash has a total market cap of $8.23 billion and $329.16 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded down 5.2% against the dollar.

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

  • Horizen (ZEN) traded down 1.1% against the dollar and now trades at $4.11 or 0.00006413 BTC.
  • Pirate Chain (ARRR) traded 5% higher against the dollar and now trades at $0.23 or 0.00000363 BTC.
  • Komodo (KMD) traded up 1,008.2% against the dollar and now trades at $0.0695 or 0.00000108 BTC.
  • Bitcoin Gold (BTG) traded 1.2% higher against the dollar and now trades at $0.40 or 0.00000626 BTC.
  • ZClassic (ZCL) traded down 4.9% against the dollar and now trades at $0.18 or 0.00000281 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,816,760 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. The official message board for Zcash is forum.z.cash. The official website for Zcash is 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”

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView

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