Zcash 24 Hour Volume Hits $131.54 Million (ZEC)

Zcash (ZEC) traded down 3.5% against the US dollar during the 24 hour period ending at 10:00 AM ET on December 16th. Over the last week, Zcash has traded down 14.3% against the US dollar. One Zcash coin can currently be purchased for approximately $57.19 or 0.00054059 BTC on popular exchanges. Zcash has a market cap of $933.79 million and approximately $131.54 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 4.4% lower against the dollar and now trades at $21.55 or 0.00020368 BTC.
• Horizen (ZEN) traded down 4.5% against the dollar and now trades at $14.57 or 0.00013775 BTC.
• Pirate Chain (ARRR) traded 3.9% higher against the dollar and now trades at $0.27 or 0.00000253 BTC.
• Komodo (KMD) traded 6.1% lower against the dollar and now trades at $0.35 or 0.00000334 BTC.
• ZClassic (ZCL) traded 2.5% higher against the dollar and now trades at $0.0421 or 0.00000040 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. 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. 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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView