Zcash (ZEC) 24-Hour Trading Volume Hits $115.23 Million

Zcash (ZEC) traded 1.3% lower against the U.S. dollar during the 1-day period ending at 10:00 AM ET on January 21st. One Zcash coin can now be bought for approximately $48.43 or 0.00046881 BTC on major exchanges. During the last week, Zcash has traded down 3.9% against the U.S. dollar. Zcash has a market cap of $790.74 million and $115.23 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded 1.3% lower against the dollar and now trades at $21.98 or 0.00021278 BTC.
• Bitcoin Gold (BTG) traded down 11.4% against the dollar and now trades at $9.69 or 0.00009381 BTC.
• Komodo (KMD) traded down 1% against the dollar and now trades at $0.26 or 0.00000255 BTC.
• Pirate Chain (ARRR) traded 6.1% lower against the dollar and now trades at $0.18 or 0.00000174 BTC.
• ZClassic (ZCL) traded 4.4% lower against the dollar and now trades at $0.0443 or 0.00000043 BTC.

Zcash Coin Profile

Zcash (ZEC) 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. Zcash’s official message board 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. The official website for Zcash is z.cash. 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.”

Buying and Selling Zcash

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView