Zcash (ZEC) 1-Day Volume Hits $43.57 Million

Zcash (ZEC) traded down 2.2% against the US dollar during the 24-hour period ending at 21:00 PM E.T. on April 26th. Zcash has a total market cap of $367.39 million and approximately $43.57 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded 0.6% higher against the US dollar. One Zcash coin can currently be bought for about $22.50 or 0.00035887 BTC on exchanges.

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

• Bitcoin Gold (BTG) traded 0.8% higher against the dollar and now trades at $34.07 or 0.00054340 BTC.
• Horizen (ZEN) traded down 3.6% against the dollar and now trades at $8.55 or 0.00013645 BTC.
• Pirate Chain (ARRR) traded down 4.1% against the dollar and now trades at $0.42 or 0.00000670 BTC.
• Komodo (KMD) traded 4.9% lower against the dollar and now trades at $0.40 or 0.00000630 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 7.2% lower against the dollar and now trades at $0.0563 or 0.00000090 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. Zcash’s official website is 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.”

Buying and Selling Zcash

It is usually not presently 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 Changelly, Coinbase 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