Zcash Hits 24 Hour Trading Volume of $42.12 Million (ZEC)

Zcash (ZEC) traded 0.5% lower against the US dollar during the 1 day period ending at 21:00 PM Eastern on May 4th. In the last week, Zcash has traded down 1.6% against the US dollar. One Zcash coin can now be bought for about $22.99 or 0.00036220 BTC on cryptocurrency exchanges. Zcash has a market cap of $375.44 million and approximately $42.12 million worth of Zcash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Bitcoin Gold (BTG) traded 4.7% higher against the dollar and now trades at $38.34 or 0.00060399 BTC.
• Horizen (ZEN) traded down 1% against the dollar and now trades at $8.74 or 0.00013769 BTC.
• Pirate Chain (ARRR) traded 14.3% higher against the dollar and now trades at $0.37 or 0.00000586 BTC.
• Komodo (KMD) traded down 1.3% against the dollar and now trades at $0.41 or 0.00000653 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded up 2.8% against the dollar and now trades at $0.0575 or 0.00000091 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 16,328,269 coins. Zcash’s official website is 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. 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.”

Zcash Coin Trading

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