Zcash (ZEC) Hits 1-Day Trading Volume of $50.71 Million

Zcash (ZEC) traded 0.2% lower against the U.S. dollar during the 1-day period ending at 22:00 PM Eastern on April 16th. One Zcash coin can now be bought for $21.18 or 0.00033085 BTC on popular exchanges. Zcash has a market capitalization of $345.77 million and approximately $50.71 million worth of Zcash was traded on exchanges in the last 24 hours. In the last seven days, Zcash has traded down 22.5% against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded down 1.6% against the dollar and now trades at $36.70 or 0.00057338 BTC.
• Horizen (ZEN) traded down 1.9% against the dollar and now trades at $8.40 or 0.00013128 BTC.
• Pirate Chain (ARRR) traded 10% higher against the dollar and now trades at $0.34 or 0.00000529 BTC.
• Komodo (KMD) traded 0.3% higher against the dollar and now trades at $0.40 or 0.00000621 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 0.8% against the dollar and now trades at $0.0607 or 0.00000095 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 message board is forum.z.cash. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. 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 currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView