Zcash Hits 24-Hour Trading Volume of $64.42 Million (ZEC)

Zcash (ZEC) traded up 0.8% against the U.S. dollar during the one day period ending at 13:00 PM E.T. on March 28th. Zcash has a total market capitalization of $506.62 million and $64.42 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for about $31.03 or 0.00043857 BTC on major cryptocurrency exchanges. During the last seven days, Zcash has traded up 4.2% against the U.S. dollar.

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

• Bitcoin Gold (BTG) traded 1.7% higher against the dollar and now trades at $49.98 or 0.00070641 BTC.
• Horizen (ZEN) traded down 2.2% against the dollar and now trades at $13.73 or 0.00019401 BTC.
• Komodo (KMD) traded 8.9% higher against the dollar and now trades at $0.43 or 0.00000612 BTC.
• Pirate Chain (ARRR) traded 1.7% lower against the dollar and now trades at $0.19 or 0.00000267 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 3.1% against the dollar and now trades at $0.0670 or 0.00000095 BTC.

Zcash Coin Profile

Zcash (CRYPTO: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 message board is forum.z.cash. The official website for Zcash is 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 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 Changelly, Coinbase or GDAX. 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