Zcash Reaches One Day Trading Volume of $104.03 Million (ZEC)

Zcash (ZEC) traded 3.9% higher against the U.S. dollar during the one day period ending at 12:00 PM E.T. on August 14th. One Zcash coin can currently be purchased for about $42.84 or 0.00071961 BTC on major cryptocurrency exchanges. Zcash has a market capitalization of $699.58 million and $104.03 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last seven days, Zcash has traded 35.8% higher against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded up 2.4% against the dollar and now trades at $22.89 or 0.00038442 BTC.
• Horizen (ZEN) traded up 2% against the dollar and now trades at $8.47 or 0.00014220 BTC.
• Komodo (KMD) traded up 2.4% against the dollar and now trades at $0.25 or 0.00000416 BTC.
• Pirate Chain (ARRR) traded 1.8% higher against the dollar and now trades at $0.17 or 0.00000281 BTC.
• ZClassic (ZCL) traded 0.3% higher against the dollar and now trades at $0.0656 or 0.00000110 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. 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 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.

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 currently 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 Gemini, GDAX or Coinbase. 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