Zcash 24-Hour Trading Volume Reaches $76.34 Million (ZEC)

Zcash (ZEC) traded down 6.5% against the dollar during the one day period ending at 19:00 PM ET on August 25th. One Zcash coin can currently be purchased for approximately $40.00 or 0.00062032 BTC on major exchanges. Over the last seven days, Zcash has traded 6.7% lower against the dollar. Zcash has a market cap of $653.06 million and approximately $76.34 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded down 0% against the dollar and now trades at $24.11 or 0.00037398 BTC.
• Horizen (ZEN) traded 1.8% lower against the dollar and now trades at $8.78 or 0.00013617 BTC.
• Komodo (KMD) traded down 4.1% against the dollar and now trades at $0.27 or 0.00000413 BTC.
• Pirate Chain (ARRR) traded down 3.8% against the dollar and now trades at $0.17 or 0.00000271 BTC.
• ZClassic (ZCL) traded 10.2% lower against the dollar and now trades at $0.0709 or 0.00000110 BTC.

About Zcash

Zcash 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 website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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.

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 possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView