Zcash Tops 24 Hour Volume of $71.45 Million (ZEC)

Zcash (ZEC) traded down 4.4% against the US dollar during the one day period ending at 21:00 PM ET on October 25th. One Zcash coin can currently be purchased for about $36.09 or 0.00054291 BTC on cryptocurrency exchanges. Zcash has a total market cap of $589.34 million and $71.45 million worth of Zcash was traded on exchanges in the last 24 hours. During the last week, Zcash has traded up 1.1% against the US dollar.

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

• Bitcoin Gold (BTG) traded down 3.8% against the dollar and now trades at $21.56 or 0.00032423 BTC.
• Horizen (ZEN) traded down 6.2% against the dollar and now trades at $7.33 or 0.00011021 BTC.
• Pirate Chain (ARRR) traded 6.4% higher against the dollar and now trades at $0.18 or 0.00000272 BTC.
• Komodo (KMD) traded down 8.2% against the dollar and now trades at $0.23 or 0.00000342 BTC.
• ZClassic (ZCL) traded 2% lower against the dollar and now trades at $0.0565 or 0.00000085 BTC.

Zcash Profile

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. The official website for Zcash is z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official message board for Zcash is forum.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 buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView