Zcash Reaches 24 Hour Trading Volume of $52.34 Million (ZEC)

Zcash (ZEC) traded 3.5% higher against the dollar during the one day period ending at 11:00 AM ET on September 17th. Over the last week, Zcash has traded 1.8% lower against the dollar. Zcash has a market capitalization of $489.30 million and $52.34 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for $29.97 or 0.00049009 BTC on major exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded up 3.1% against the dollar and now trades at $22.59 or 0.00036943 BTC.
• Horizen (ZEN) traded 2.9% higher against the dollar and now trades at $7.91 or 0.00012934 BTC.
• Pirate Chain (ARRR) traded 0% lower against the dollar and now trades at $0.18 or 0.00000286 BTC.
• Komodo (KMD) traded up 0.3% against the dollar and now trades at $0.23 or 0.00000377 BTC.
• ZClassic (ZCL) traded up 5.1% against the dollar and now trades at $0.0481 or 0.00000079 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official website for Zcash is z.cash. 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. 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 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, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView