Zcash Reaches 24-Hour Trading Volume of $66.62 Million (ZEC)

Zcash (ZEC) traded 0.8% lower against the U.S. dollar during the 1 day period ending at 13:00 PM E.T. on November 3rd. One Zcash coin can currently be purchased for about $36.33 or 0.00053121 BTC on cryptocurrency exchanges. Zcash has a total market capitalization of $593.28 million and $66.62 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded 8% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded 3.6% lower against the dollar and now trades at $21.18 or 0.00030970 BTC.
• Horizen (ZEN) traded 3.1% lower against the dollar and now trades at $7.09 or 0.00010366 BTC.
• Pirate Chain (ARRR) traded down 5% against the dollar and now trades at $0.16 or 0.00000235 BTC.
• Komodo (KMD) traded down 4.9% against the dollar and now trades at $0.21 or 0.00000304 BTC.
• ZClassic (ZCL) traded up 29.5% against the dollar and now trades at $0.0629 or 0.00000092 BTC.

Zcash Coin Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official message board for Zcash is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here.

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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView