Zcash (ZEC) Tops 24-Hour Trading Volume of $42.46 Million

Zcash (ZEC) traded down 0% against the dollar during the 24-hour period ending at 11:00 AM Eastern on June 16th. Zcash has a total market cap of $369.93 million and $42.46 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for approximately $22.66 or 0.00034022 BTC on major exchanges. During the last week, Zcash has traded down 3.5% against the dollar.

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

• Bitcoin Gold (BTG) traded down 0.9% against the dollar and now trades at $28.69 or 0.00043088 BTC.
• Horizen (ZEN) traded down 1% against the dollar and now trades at $7.27 or 0.00010913 BTC.
• Komodo (KMD) traded 0% lower against the dollar and now trades at $0.38 or 0.00000577 BTC.
• Pirate Chain (ARRR) traded down 1.2% against the dollar and now trades at $0.22 or 0.00000334 BTC.
• ZClassic (ZCL) traded up 0.6% against the dollar and now trades at $0.0599 or 0.00000090 BTC.

Zcash Coin Profile

ZEC 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 Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.”

Buying and Selling Zcash

It is usually not presently 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 Changelly, Coinbase or Gemini. 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