Zcash (ZEC) 24 Hour Trading Volume Hits $45.56 Million

Zcash (ZEC) traded down 0.9% against the US dollar during the 1-day period ending at 20:00 PM Eastern on July 3rd. During the last seven days, Zcash has traded 3.7% higher against the US dollar. One Zcash coin can currently be bought for $20.62 or 0.00034175 BTC on major exchanges. Zcash has a market capitalization of $336.77 million and approximately $45.56 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 3.5% against the dollar and now trades at $24.30 or 0.00040270 BTC.
• Horizen (ZEN) traded up 5.6% against the dollar and now trades at $8.17 or 0.00013530 BTC.
• Komodo (KMD) traded down 7.5% against the dollar and now trades at $0.30 or 0.00000498 BTC.
• Pirate Chain (ARRR) traded up 0.9% against the dollar and now trades at $0.18 or 0.00000299 BTC.
• ZClassic (ZCL) traded down 2.9% against the dollar and now trades at $0.0488 or 0.00000081 BTC.

Zcash Profile

Zcash 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. Zcash’s official website is 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 Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView