Zcash (ZEC) One Day Trading Volume Hits $70.87 Million

Zcash (ZEC) traded 12.4% higher against the dollar during the 1 day period ending at 10:00 AM Eastern on February 26th. One Zcash coin can currently be purchased for $35.23 or 0.00040292 BTC on major exchanges. In the last week, Zcash has traded 2.8% lower against the dollar. Zcash has a market cap of $559.66 million and $70.87 million worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded 12.9% higher against the dollar and now trades at $12.84 or 0.00014681 BTC.
• Bitcoin Gold (BTG) traded down 1.3% against the dollar and now trades at $4.14 or 0.00004736 BTC.
• Pirate Chain (ARRR) traded 2.1% lower against the dollar and now trades at $0.16 or 0.00000186 BTC.
• Komodo (KMD) traded up 4.1% against the dollar and now trades at $0.18 or 0.00000203 BTC.
• ZClassic (ZCL) traded up 0.1% against the dollar and now trades at $0.0751 or 0.00000086 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its launch date was October 28th, 2016. Zcash’s total supply is 15,905,531 coins and its circulating supply is 15,886,821 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. Zcash’s official message board is forum.z.cash. 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 currently possible to purchase alternative cryptocurrencies such as Zcash directly using U.S. dollars. Investors seeking to acquire Zcash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView