Zcash (ZEC) Hits 24 Hour Trading Volume of $44.56 Million

Zcash (ZEC) traded 0.8% lower against the US dollar during the 1-day period ending at 13:00 PM E.T. on May 6th. In the last week, Zcash has traded up 2.3% against the US dollar. Zcash has a total market cap of $377.29 million and approximately $44.56 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for approximately $23.11 or 0.00036493 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 3.5% lower against the dollar and now trades at $36.86 or 0.00058214 BTC.
• Horizen (ZEN) traded 1% lower against the dollar and now trades at $9.00 or 0.00014217 BTC.
• Pirate Chain (ARRR) traded up 1.9% against the dollar and now trades at $0.36 or 0.00000561 BTC.
• Komodo (KMD) traded down 5.1% against the dollar and now trades at $0.38 or 0.00000608 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.6% lower against the dollar and now trades at $0.0570 or 0.00000090 BTC.

Zcash 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. 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 website is z.cash. 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.”

Zcash Coin Trading

It is usually not 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 aforementioned exchanges.

ZEC/USD price chart by TradingView