Zcash (ZEC) 24-Hour Volume Reaches $108.54 Million

Zcash (ZEC) traded down 6.2% against the dollar during the 1 day period ending at 10:00 AM Eastern on January 29th. Over the last seven days, Zcash has traded 16.2% lower against the dollar. Zcash has a total market cap of $672.35 million and approximately $108.54 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for approximately $41.18 or 0.00040339 BTC on popular exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded 2.9% lower against the dollar and now trades at $17.86 or 0.00017497 BTC.
• Bitcoin Gold (BTG) traded down 1.7% against the dollar and now trades at $6.07 or 0.00005946 BTC.
• Pirate Chain (ARRR) traded 2.2% higher against the dollar and now trades at $0.18 or 0.00000176 BTC.
• Komodo (KMD) traded down 3.6% against the dollar and now trades at $0.22 or 0.00000218 BTC.
• ZClassic (ZCL) traded down 0.2% against the dollar and now trades at $0.0439 or 0.00000043 BTC.

Zcash Coin Profile

Zcash 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. 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.

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 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 Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView