Zcash (ZEC) 24-Hour Trading Volume Hits $68.77 Million

Zcash (ZEC) traded down 3.3% against the US dollar during the one day period ending at 9:00 AM E.T. on September 20th. One Zcash coin can now be bought for $30.95 or 0.00049222 BTC on major exchanges. During the last week, Zcash has traded 4.4% higher against the US dollar. Zcash has a market cap of $505.38 million and $68.77 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin Gold (BTG) traded 0.2% higher against the dollar and now trades at $23.03 or 0.00036625 BTC.
• Horizen (ZEN) traded 1.5% lower against the dollar and now trades at $8.26 or 0.00013139 BTC.
• Pirate Chain (ARRR) traded 2.3% lower against the dollar and now trades at $0.18 or 0.00000281 BTC.
• Komodo (KMD) traded 1.2% higher against the dollar and now trades at $0.25 or 0.00000401 BTC.
• ZClassic (ZCL) traded up 1.1% against the dollar and now trades at $0.0504 or 0.00000080 BTC.

About Zcash

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded 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 official message board for Zcash is forum.z.cash. The official website for Zcash is 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.”

Buying and Selling Zcash

It is usually not currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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