Zcash (ZEC) Reaches One Day Volume of $62.08 Million

Zcash (ZEC) traded 4.1% higher against the US dollar during the 24 hour period ending at 17:00 PM ET on October 27th. Over the last seven days, Zcash has traded 1.1% lower against the US dollar. One Zcash coin can now be bought for about $36.56 or 0.00054002 BTC on popular exchanges. Zcash has a market cap of $596.92 million and approximately $62.08 million worth of Zcash was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 1.1% higher against the dollar and now trades at $21.87 or 0.00032301 BTC.
• Horizen (ZEN) traded up 2.2% against the dollar and now trades at $7.45 or 0.00011006 BTC.
• Pirate Chain (ARRR) traded down 2.9% against the dollar and now trades at $0.18 or 0.00000265 BTC.
• Komodo (KMD) traded up 1.6% against the dollar and now trades at $0.24 or 0.00000348 BTC.
• ZClassic (ZCL) traded down 15.8% against the dollar and now trades at $0.0481 or 0.00000071 BTC.

About Zcash

Zcash 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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website 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 buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. 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