Zcash 24 Hour Volume Hits $38.15 Million (ZEC)

Zcash (ZEC) traded 0.1% lower against the U.S. dollar during the one day period ending at 20:00 PM ET on July 2nd. During the last week, Zcash has traded 2.9% higher against the U.S. dollar. One Zcash coin can currently be bought for $20.74 or 0.00033445 BTC on cryptocurrency exchanges. Zcash has a total market cap of $338.70 million and approximately $38.15 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.1% against the dollar and now trades at $25.11 or 0.00040493 BTC.
• Horizen (ZEN) traded up 8.6% against the dollar and now trades at $7.73 or 0.00012463 BTC.
• Komodo (KMD) traded up 5.5% against the dollar and now trades at $0.32 or 0.00000520 BTC.
• Pirate Chain (ARRR) traded 1.1% lower against the dollar and now trades at $0.18 or 0.00000289 BTC.
• ZClassic (ZCL) traded 1.7% lower against the dollar and now trades at $0.0502 or 0.00000081 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on 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 website is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.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.”

Buying and Selling Zcash

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. 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