Zcash Reaches One Day Volume of $46.60 Million (ZEC)

Zcash (ZEC) traded up 1.6% against the U.S. dollar during the 1 day period ending at 22:00 PM Eastern on May 9th. In the last week, Zcash has traded 3.2% higher against the U.S. dollar. One Zcash coin can currently be purchased for $23.61 or 0.00037598 BTC on popular exchanges. Zcash has a market capitalization of $385.52 million and approximately $46.60 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded up 2.1% against the dollar and now trades at $34.49 or 0.00054916 BTC.
• Horizen (ZEN) traded up 4.7% against the dollar and now trades at $9.28 or 0.00014785 BTC.
• Pirate Chain (ARRR) traded up 2.8% against the dollar and now trades at $0.37 or 0.00000588 BTC.
• Komodo (KMD) traded up 1% against the dollar and now trades at $0.41 or 0.00000658 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 5.6% higher against the dollar and now trades at $0.0564 or 0.00000090 BTC.

Zcash Profile

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 16,328,269 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. The official message board for Zcash is forum.z.cash. The official website for Zcash 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.”

Zcash Coin Trading

It is usually not presently 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, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView