Zcash One Day Volume Reaches $71.75 Million (ZEC)

Zcash (ZEC) traded up 11.3% against the dollar during the 24-hour period ending at 23:00 PM E.T. on October 27th. In the last seven days, Zcash has traded up 5.5% against the dollar. Zcash has a total market capitalization of $624.38 million and approximately $71.75 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for $38.24 or 0.00056474 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded up 0.1% against the dollar and now trades at $21.66 or 0.00031991 BTC.
• Horizen (ZEN) traded up 3.4% against the dollar and now trades at $7.52 or 0.00011105 BTC.
• Pirate Chain (ARRR) traded 3.1% lower against the dollar and now trades at $0.18 or 0.00000264 BTC.
• Komodo (KMD) traded up 1.8% against the dollar and now trades at $0.23 or 0.00000347 BTC.
• ZClassic (ZCL) traded 15.5% lower against the dollar and now trades at $0.0481 or 0.00000071 BTC.

Zcash Coin Profile

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

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 currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire 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 exchanges listed above.

ZEC/USD price chart by TradingView