Zcash Reaches One Day Trading Volume of $63.61 Million (ZEC)

Zcash (ZEC) traded 3.5% lower against the U.S. dollar during the 1-day period ending at 11:00 AM Eastern on March 10th. During the last week, Zcash has traded down 24.5% against the U.S. dollar. Zcash has a total market cap of $475.46 million and $63.61 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be purchased for about $29.93 or 0.00037429 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 13.5% lower against the dollar and now trades at $8.59 or 0.00010741 BTC.
• Bitcoin Gold (BTG) traded 0.2% higher against the dollar and now trades at $3.26 or 0.00004083 BTC.
• Pirate Chain (ARRR) traded up 1.1% against the dollar and now trades at $0.14 or 0.00000170 BTC.
• Komodo (KMD) traded down 7.1% against the dollar and now trades at $0.16 or 0.00000194 BTC.
• ZClassic (ZCL) traded 4.4% lower against the dollar and now trades at $0.0687 or 0.00000086 BTC.

About Zcash

ZEC is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 15,905,531 coins and its circulating supply is 15,886,821 coins. 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. 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.”

Zcash Coin Trading

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 Changelly, Coinbase or Gemini. 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