Zcash One Day Volume Hits $75.00 Million (ZEC)

Zcash (ZEC) traded 4.2% higher against the U.S. dollar during the 1 day period ending at 12:00 PM E.T. on June 10th. Over the last week, Zcash has traded down 3.3% against the U.S. dollar. One Zcash coin can currently be purchased for about $52.23 or 0.00047877 BTC on popular exchanges. Zcash has a total market capitalization of $870.88 million and $75.00 million worth of Zcash was traded on exchanges in the last day.

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

• Horizen (ZEN) traded down 0.8% against the dollar and now trades at $10.70 or 0.00009808 BTC.
• Bitcoin Gold (BTG) traded up 128.9% against the dollar and now trades at $1.91 or 0.00001748 BTC.
• Pirate Chain (ARRR) traded up 2.7% against the dollar and now trades at $0.15 or 0.00000140 BTC.
• Komodo (KMD) traded 1.6% higher against the dollar and now trades at $0.10 or 0.00000092 BTC.
• ZClassic (ZCL) traded 1.1% higher against the dollar and now trades at $0.0938 or 0.00000086 BTC.

Zcash Profile

Zcash (CRYPTO: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 16,717,819 coins and its circulating supply is 16,672,958 coins. 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. 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 is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Buying and Selling Zcash

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView