Zcash 24 Hour Volume Reaches $173.45 Million (ZEC)

Zcash (ZEC) traded up 0.5% against the US dollar during the 1-day period ending at 9:00 AM E.T. on December 4th. Zcash has a market cap of $1.18 billion and $173.45 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for $72.31 or 0.00075566 BTC on popular cryptocurrency exchanges. In the last seven days, Zcash has traded 25.1% higher against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 23.9% higher against the dollar and now trades at $36.78 or 0.00038437 BTC.
• Horizen (ZEN) traded 5% higher against the dollar and now trades at $17.28 or 0.00018061 BTC.
• Pirate Chain (ARRR) traded 4.6% lower against the dollar and now trades at $0.29 or 0.00000304 BTC.
• Komodo (KMD) traded up 10.4% against the dollar and now trades at $0.39 or 0.00000405 BTC.
• ZClassic (ZCL) traded 1.8% higher against the dollar and now trades at $0.0574 or 0.00000060 BTC.

About Zcash

Zcash (CRYPTO: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. 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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is 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 currently possible to buy alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, 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