Zcash 24 Hour Volume Reaches $173.45 Million (ZEC)

Zcash (ZEC) traded up 0.5% against the US dollar during the 1 day period ending at 9:00 AM Eastern on December 4th. During the last week, Zcash has traded up 25.1% against the US dollar. Zcash has a market cap of $1.18 billion and $173.45 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for $72.31 or 0.00075566 BTC on major cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 23.9% higher against the dollar and now trades at $36.78 or 0.00038437 BTC.
• Horizen (ZEN) traded up 5% against the dollar and now trades at $17.28 or 0.00018061 BTC.
• Pirate Chain (ARRR) traded down 4.6% against the dollar and now trades at $0.29 or 0.00000304 BTC.
• Komodo (KMD) traded 10.4% higher against the dollar and now trades at $0.39 or 0.00000405 BTC.
• ZClassic (ZCL) traded up 1.8% against the dollar and now trades at $0.0574 or 0.00000060 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 message board is forum.z.cash. The official website for Zcash 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.

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

ZEC/USD price chart by TradingView