Zcash 1-Day Volume Hits $70.57 Million (ZEC)

Zcash (ZEC) traded 7.3% lower against the U.S. dollar during the one day period ending at 18:00 PM ET on July 23rd. Zcash has a market capitalization of $485.14 million and approximately $70.57 million worth of Zcash was traded on exchanges in the last day. Over the last week, Zcash has traded up 1.3% against the U.S. dollar. One Zcash coin can currently be bought for $29.71 or 0.00045138 BTC on popular cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 0.7% lower against the dollar and now trades at $25.56 or 0.00038838 BTC.
• Horizen (ZEN) traded 4.2% lower against the dollar and now trades at $11.34 or 0.00017229 BTC.
• Komodo (KMD) traded 3.2% lower against the dollar and now trades at $0.28 or 0.00000422 BTC.
• Pirate Chain (ARRR) traded down 3.7% against the dollar and now trades at $0.19 or 0.00000288 BTC.
• ZClassic (ZCL) traded 1.6% lower against the dollar and now trades at $0.0534 or 0.00000081 BTC.

Zcash Coin Profile

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. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board 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. The official website for Zcash 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 U.S. dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView