Zcash 1-Day Trading Volume Hits $60.83 Million (ZEC)

Zcash (ZEC) traded 4% lower against the dollar during the 1 day period ending at 22:00 PM ET on October 26th. One Zcash coin can currently be bought for about $34.53 or 0.00051553 BTC on major cryptocurrency exchanges. In the last week, Zcash has traded 6.2% lower against the dollar. Zcash has a market capitalization of $563.76 million and $60.83 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 1% higher against the dollar and now trades at $21.65 or 0.00032329 BTC.
• Horizen (ZEN) traded 0.3% higher against the dollar and now trades at $7.27 or 0.00010858 BTC.
• Pirate Chain (ARRR) traded 2.2% higher against the dollar and now trades at $0.18 or 0.00000276 BTC.
• Komodo (KMD) traded up 1.6% against the dollar and now trades at $0.23 or 0.00000345 BTC.
• ZClassic (ZCL) traded up 0.6% against the dollar and now trades at $0.0569 or 0.00000085 BTC.

About Zcash

Zcash (ZEC) 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 Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. The official message board for Zcash is forum.z.cash. The official website for Zcash 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 trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView