Zcash (ZEC) One Day Trading Volume Tops $65.81 Million

Zcash (ZEC) traded 3.5% higher against the U.S. dollar during the twenty-four hour period ending at 14:00 PM Eastern on November 4th. Over the last seven days, Zcash has traded down 1.3% against the U.S. dollar. Zcash has a market capitalization of $615.34 million and approximately $65.81 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be bought for approximately $37.69 or 0.00055498 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin Gold (BTG) traded 1.9% higher against the dollar and now trades at $21.36 or 0.00031461 BTC.
• Horizen (ZEN) traded up 1.1% against the dollar and now trades at $7.15 or 0.00010535 BTC.
• Pirate Chain (ARRR) traded up 3.6% against the dollar and now trades at $0.17 or 0.00000245 BTC.
• Komodo (KMD) traded up 1.4% against the dollar and now trades at $0.21 or 0.00000308 BTC.
• ZClassic (ZCL) traded down 35.2% against the dollar and now trades at $0.0408 or 0.00000060 BTC.

Zcash Profile

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 Twitter account is @electriccoinco and its Facebook page is accessible here. 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. The official website for Zcash is 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 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 exchanges listed above.

ZEC/USD price chart by TradingView