Zcash Hits 24 Hour Trading Volume of $45.28 Million (ZEC)

Zcash (ZEC) traded 0.1% lower against the U.S. dollar during the 1 day period ending at 14:00 PM Eastern on April 27th. During the last week, Zcash has traded 0.8% lower against the U.S. dollar. One Zcash coin can currently be purchased for $22.99 or 0.00036298 BTC on popular cryptocurrency exchanges. Zcash has a market cap of $375.40 million and $45.28 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Bitcoin Gold (BTG) traded 0.2% lower against the dollar and now trades at $34.33 or 0.00054195 BTC.
• Horizen (ZEN) traded up 0.6% against the dollar and now trades at $8.87 or 0.00014006 BTC.
• Pirate Chain (ARRR) traded down 9% against the dollar and now trades at $0.39 or 0.00000612 BTC.
• Komodo (KMD) traded 1.3% higher against the dollar and now trades at $0.41 or 0.00000645 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 1.9% against the dollar and now trades at $0.0567 or 0.00000089 BTC.

Zcash Profile

Zcash 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 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. 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.”

Zcash Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView