Zcash (ZEC) Reaches 1-Day Volume of $50.49 Million

Zcash (ZEC) traded 7.7% higher against the U.S. dollar during the 24 hour period ending at 9:00 AM ET on May 2nd. One Zcash coin can now be bought for $22.57 or 0.00038510 BTC on cryptocurrency exchanges. During the last week, Zcash has traded 0.8% higher against the U.S. dollar. Zcash has a market capitalization of $368.48 million and approximately $50.49 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded 2.4% higher against the dollar and now trades at $29.00 or 0.00049480 BTC.
• Horizen (ZEN) traded 3.5% higher against the dollar and now trades at $8.46 or 0.00014431 BTC.
• Pirate Chain (ARRR) traded 0.7% lower against the dollar and now trades at $0.34 or 0.00000574 BTC.
• Komodo (KMD) traded 5% higher against the dollar and now trades at $0.40 or 0.00000679 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 0.8% higher against the dollar and now trades at $0.0525 or 0.00000090 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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website 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 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, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView