Zcash Tops 24-Hour Trading Volume of $113.57 Million (ZEC)

Zcash (ZEC) traded 4% lower against the U.S. dollar during the 24 hour period ending at 9:00 AM E.T. on January 25th. Zcash has a total market capitalization of $756.18 million and approximately $113.57 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can currently be purchased for about $46.31 or 0.00044277 BTC on major exchanges. Over the last week, Zcash has traded 12.4% lower against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Horizen (ZEN) traded down 9.4% against the dollar and now trades at $20.02 or 0.00019141 BTC.
• Bitcoin Gold (BTG) traded 3.4% lower against the dollar and now trades at $7.03 or 0.00006721 BTC.
• Pirate Chain (ARRR) traded 0.3% higher against the dollar and now trades at $0.18 or 0.00000175 BTC.
• Komodo (KMD) traded 1.8% lower against the dollar and now trades at $0.25 or 0.00000235 BTC.
• ZClassic (ZCL) traded down 0.6% against the dollar and now trades at $0.0450 or 0.00000043 BTC.

Zcash Coin 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 16,328,269 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. Zcash’s official message board 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.

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 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 GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView