Zcash Tops 24 Hour Volume of $38.67 Million (ZEC)

Zcash (ZEC) traded up 0.2% against the U.S. dollar during the 1 day period ending at 7:00 AM ET on July 3rd. One Zcash coin can now be bought for $20.67 or 0.00034320 BTC on popular cryptocurrency exchanges. During the last week, Zcash has traded up 4.9% against the U.S. dollar. Zcash has a total market cap of $337.55 million and approximately $38.67 million worth of Zcash was traded on exchanges in the last day.

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

• Bitcoin Gold (BTG) traded 1.7% lower against the dollar and now trades at $24.46 or 0.00040607 BTC.
• Horizen (ZEN) traded up 11% against the dollar and now trades at $8.21 or 0.00013637 BTC.
• Komodo (KMD) traded down 2.3% against the dollar and now trades at $0.31 or 0.00000508 BTC.
• Pirate Chain (ARRR) traded 0% higher against the dollar and now trades at $0.18 or 0.00000297 BTC.
• ZClassic (ZCL) traded down 3.1% against the dollar and now trades at $0.0486 or 0.00000081 BTC.

Zcash Coin Profile

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. 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. Zcash’s official website is z.cash. Zcash’s official message board 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 presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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