Zcash (ZEC) 24-Hour Volume Reaches $108.54 Million

Zcash (ZEC) traded down 6.2% against the US dollar during the 1 day period ending at 10:00 AM E.T. on January 29th. Over the last week, Zcash has traded 16.2% lower against the US dollar. Zcash has a market cap of $672.35 million and $108.54 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for $41.18 or 0.00040339 BTC on major cryptocurrency exchanges.

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

• Horizen (ZEN) traded 2.9% lower against the dollar and now trades at $17.86 or 0.00017497 BTC.
• Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $6.07 or 0.00005946 BTC.
• Pirate Chain (ARRR) traded up 2.2% against the dollar and now trades at $0.18 or 0.00000176 BTC.
• Komodo (KMD) traded 3.6% lower against the dollar and now trades at $0.22 or 0.00000218 BTC.
• ZClassic (ZCL) traded down 0.2% against the dollar and now trades at $0.0439 or 0.00000043 BTC.

Zcash Coin Profile

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

Buying and Selling Zcash

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. 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