Zcash (ZEC) Hits 24 Hour Volume of $76.16 Million

Zcash (ZEC) traded 1.8% lower against the dollar during the one day period ending at 7:00 AM Eastern on August 26th. Zcash has a total market capitalization of $663.06 million and $76.16 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded 2.2% lower against the dollar. One Zcash coin can currently be purchased for about $40.61 or 0.00063465 BTC on cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 1.6% lower against the dollar and now trades at $23.52 or 0.00036755 BTC.
• Horizen (ZEN) traded down 0.8% against the dollar and now trades at $8.65 or 0.00013523 BTC.
• Komodo (KMD) traded 3.2% higher against the dollar and now trades at $0.28 or 0.00000431 BTC.
• Pirate Chain (ARRR) traded 2.7% higher against the dollar and now trades at $0.18 or 0.00000282 BTC.
• ZClassic (ZCL) traded up 0% against the dollar and now trades at $0.0704 or 0.00000110 BTC.

Zcash Coin Profile

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 16,328,269 coins. Zcash’s official website is z.cash. The official message board for Zcash is forum.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.

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 purchase alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView