Zcash (ZEC) Reaches 24 Hour Trading Volume of $110.38 Million

Zcash (ZEC) traded up 2.7% against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on January 17th. During the last week, Zcash has traded 15.3% higher against the U.S. dollar. One Zcash coin can now be bought for approximately $54.90 or 0.00052848 BTC on popular cryptocurrency exchanges. Zcash has a total market capitalization of $896.34 million and approximately $110.38 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded 1.7% higher against the dollar and now trades at $30.06 or 0.00028942 BTC.
• Bitcoin Gold (BTG) traded 0.8% lower against the dollar and now trades at $11.42 or 0.00010998 BTC.
• Komodo (KMD) traded 3.4% higher against the dollar and now trades at $0.31 or 0.00000303 BTC.
• Pirate Chain (ARRR) traded down 12.5% against the dollar and now trades at $0.17 or 0.00000167 BTC.
• ZClassic (ZCL) traded 5.8% higher against the dollar and now trades at $0.0447 or 0.00000043 BTC.

Zcash Profile

Zcash (CRYPTO:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official message board is forum.z.cash. Zcash’s official website is 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.

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 presently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to trade Zcash should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView