Zcash (ZEC) One Day Trading Volume Reaches $59.09 Million

Zcash (ZEC) traded 6.8% lower against the US dollar during the twenty-four hour period ending at 20:00 PM Eastern on September 6th. Over the last seven days, Zcash has traded 17.9% lower against the US dollar. Zcash has a total market cap of $441.48 million and approximately $59.09 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can now be purchased for approximately $27.04 or 0.00050130 BTC on cryptocurrency exchanges.

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

• Bitcoin Gold (BTG) traded 4.1% lower against the dollar and now trades at $20.32 or 0.00037680 BTC.
• Horizen (ZEN) traded 8.2% higher against the dollar and now trades at $7.87 or 0.00014599 BTC.
• Pirate Chain (ARRR) traded down 6% against the dollar and now trades at $0.17 or 0.00000315 BTC.
• Komodo (KMD) traded 1.9% lower against the dollar and now trades at $0.23 or 0.00000418 BTC.
• ZClassic (ZCL) traded 0.9% lower against the dollar and now trades at $0.0448 or 0.00000083 BTC.

Zcash Profile

Zcash (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 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. The official website for Zcash is z.cash. Zcash’s official message board is forum.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.”

Buying and Selling Zcash

It is usually not possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to trade Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. 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