Zcash (ZEC) Tops One Day Volume of $96.57 Million

Zcash (ZEC) traded 1.3% lower against the U.S. dollar during the 1-day period ending at 15:00 PM ET on August 13th. In the last week, Zcash has traded 28.7% higher against the U.S. dollar. Zcash has a market capitalization of $675.27 million and $96.57 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be purchased for $41.36 or 0.00068314 BTC on exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded up 2% against the dollar and now trades at $22.84 or 0.00037730 BTC.
• Horizen (ZEN) traded 2% lower against the dollar and now trades at $8.45 or 0.00013961 BTC.
• Komodo (KMD) traded 0.7% higher against the dollar and now trades at $0.25 or 0.00000407 BTC.
• Pirate Chain (ARRR) traded 2.1% lower against the dollar and now trades at $0.16 or 0.00000271 BTC.
• ZClassic (ZCL) traded 1.9% higher against the dollar and now trades at $0.0665 or 0.00000110 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. The official message board for Zcash is forum.z.cash. Zcash’s official website is 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.”

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 acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView