Zcash (ZEC) One Day Volume Tops $81.85 Million

Zcash (ZEC) traded down 0.3% against the U.S. dollar during the 24-hour period ending at 23:00 PM ET on August 10th. One Zcash coin can now be bought for about $41.38 or 0.00067630 BTC on popular cryptocurrency exchanges. Zcash has a total market cap of $675.62 million and $81.85 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded 29.5% higher against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Bitcoin Gold (BTG) traded down 0.1% against the dollar and now trades at $23.27 or 0.00038034 BTC.
• Horizen (ZEN) traded up 0.9% against the dollar and now trades at $8.75 or 0.00014297 BTC.
• Pirate Chain (ARRR) traded up 1.4% against the dollar and now trades at $0.17 or 0.00000285 BTC.
• Komodo (KMD) traded up 2.6% against the dollar and now trades at $0.25 or 0.00000405 BTC.
• ZClassic (ZCL) traded up 3.2% against the dollar and now trades at $0.0495 or 0.00000081 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) 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 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. The official message board for Zcash is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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 purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or GDAX. 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