Zcash (ZEC) Tops 24 Hour Trading Volume of $49.06 Million

Zcash (ZEC) traded 3.2% lower against the U.S. dollar during the 24-hour period ending at 15:00 PM E.T. on April 24th. One Zcash coin can currently be purchased for $23.21 or 0.00036075 BTC on major exchanges. Zcash has a total market capitalization of $378.93 million and approximately $49.06 million worth of Zcash was traded on exchanges in the last day. During the last week, Zcash has traded 10.4% higher against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded down 4.4% against the dollar and now trades at $35.58 or 0.00055314 BTC.
• Horizen (ZEN) traded 2.2% lower against the dollar and now trades at $9.17 or 0.00014249 BTC.
• Pirate Chain (ARRR) traded up 11.8% against the dollar and now trades at $0.39 or 0.00000611 BTC.
• Komodo (KMD) traded down 5.4% against the dollar and now trades at $0.43 or 0.00000675 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.4% lower against the dollar and now trades at $0.0611 or 0.00000095 BTC.

Zcash Coin Profile

Zcash 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 Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.z.cash. 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.

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 acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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