Zcash (ZEC) Hits 24 Hour Trading Volume of $40.75 Million

Zcash (ZEC) traded down 0.8% against the US dollar during the twenty-four hour period ending at 23:00 PM Eastern on July 1st. One Zcash coin can currently be bought for $20.59 or 0.00032624 BTC on popular exchanges. Zcash has a market capitalization of $336.20 million and $40.75 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 3.8% higher against the US dollar.

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

• Bitcoin Gold (BTG) traded down 2.9% against the dollar and now trades at $25.09 or 0.00039751 BTC.
• Horizen (ZEN) traded up 5.4% against the dollar and now trades at $7.12 or 0.00011275 BTC.
• Komodo (KMD) traded 1% higher against the dollar and now trades at $0.32 or 0.00000503 BTC.
• Pirate Chain (ARRR) traded 0.2% higher against the dollar and now trades at $0.18 or 0.00000287 BTC.
• ZClassic (ZCL) traded down 1.1% against the dollar and now trades at $0.0507 or 0.00000080 BTC.

Zcash Profile

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was 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. Zcash’s official website is z.cash. Zcash’s official message board is forum.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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView