Zcash (ZEC) Hits 24 Hour Volume of $53.86 Million

Zcash (ZEC) traded 3.1% lower against the U.S. dollar during the 1-day period ending at 21:00 PM ET on April 15th. Over the last week, Zcash has traded 26.3% lower against the U.S. dollar. One Zcash coin can currently be purchased for approximately $21.01 or 0.00033206 BTC on major cryptocurrency exchanges. Zcash has a total market capitalization of $343.04 million and approximately $53.86 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 0.5% lower against the dollar and now trades at $37.40 or 0.00059112 BTC.
• Horizen (ZEN) traded 0.9% lower against the dollar and now trades at $8.48 or 0.00013399 BTC.
• Pirate Chain (ARRR) traded down 0.1% against the dollar and now trades at $0.31 or 0.00000487 BTC.
• Komodo (KMD) traded 2.6% lower against the dollar and now trades at $0.39 or 0.00000623 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 3.6% against the dollar and now trades at $0.0598 or 0.00000095 BTC.

Zcash Coin Profile

Zcash (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 official message board for Zcash 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.”

Zcash Coin Trading

It is usually not 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 Gemini, GDAX or Changelly. 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