Zcash Reaches 24 Hour Volume of $96.65 Million (ZEC)

Zcash (ZEC) traded down 3.5% against the US dollar during the twenty-four hour period ending at 16:00 PM ET on August 3rd. In the last week, Zcash has traded up 2% against the US dollar. One Zcash coin can currently be purchased for approximately $32.06 or 0.00053035 BTC on popular exchanges. Zcash has a market capitalization of $523.56 million and approximately $96.65 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded down 6.2% against the dollar and now trades at $23.50 or 0.00038876 BTC.
• Horizen (ZEN) traded 11.3% lower against the dollar and now trades at $8.53 or 0.00014115 BTC.
• Komodo (KMD) traded down 6.4% against the dollar and now trades at $0.24 or 0.00000390 BTC.
• Pirate Chain (ARRR) traded down 3.1% against the dollar and now trades at $0.16 or 0.00000269 BTC.
• ZClassic (ZCL) traded down 1.2% against the dollar and now trades at $0.0497 or 0.00000082 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official website for Zcash is 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. Zcash’s official message board 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.”

Zcash Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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