Zcash 1-Day Trading Volume Tops $57.37 Million (ZEC)

Zcash (ZEC) traded 6% lower against the US dollar during the one day period ending at 8:00 AM ET on September 6th. Zcash has a market cap of $447.54 million and $57.37 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for approximately $27.41 or 0.00048268 BTC on popular cryptocurrency exchanges. Over the last seven days, Zcash has traded down 17.3% against the US dollar.

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

• Bitcoin Gold (BTG) traded 0.5% higher against the dollar and now trades at $21.22 or 0.00037377 BTC.
• Horizen (ZEN) traded 7.3% higher against the dollar and now trades at $7.87 or 0.00013867 BTC.
• Pirate Chain (ARRR) traded down 1.8% against the dollar and now trades at $0.18 or 0.00000313 BTC.
• Komodo (KMD) traded 1.9% higher against the dollar and now trades at $0.24 or 0.00000415 BTC.
• ZClassic (ZCL) traded 1.4% higher against the dollar and now trades at $0.0476 or 0.00000084 BTC.

Zcash Profile

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was 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.”

Buying and Selling Zcash

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView