Zcash 24-Hour Volume Reaches $38.60 Million (ZEC)

Zcash (ZEC) traded 10.5% higher against the U.S. dollar during the one day period ending at 14:00 PM E.T. on July 6th. Zcash has a market cap of $323.86 million and $38.60 million worth of Zcash was traded on exchanges in the last 24 hours. During the last week, Zcash has traded 3.3% lower against the U.S. dollar. One Zcash coin can currently be bought for approximately $19.83 or 0.00034219 BTC on popular exchanges.

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

• Bitcoin Gold (BTG) traded 6.1% higher against the dollar and now trades at $23.66 or 0.00040827 BTC.
• Horizen (ZEN) traded 3.5% lower against the dollar and now trades at $9.40 or 0.00016218 BTC.
• Komodo (KMD) traded 0.5% higher against the dollar and now trades at $0.28 or 0.00000474 BTC.
• Pirate Chain (ARRR) traded 1.3% higher against the dollar and now trades at $0.17 or 0.00000298 BTC.
• ZClassic (ZCL) traded up 0.5% against the dollar and now trades at $0.0460 or 0.00000079 BTC.

Zcash Profile

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. 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. Zcash’s official website is z.cash. The official message board for Zcash is forum.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 acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView