Zcash Reaches One Day Trading Volume of $83.98 Million (ZEC)

Zcash (ZEC) traded up 3.7% against the US dollar during the one day period ending at 11:00 AM ET on March 26th. Zcash has a market cap of $601.29 million and $83.98 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded 13% higher against the US dollar. One Zcash coin can now be bought for $37.85 or 0.00043735 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Horizen (ZEN) traded 0.2% lower against the dollar and now trades at $9.83 or 0.00011357 BTC.
• Pirate Chain (ARRR) traded up 0.3% against the dollar and now trades at $0.14 or 0.00000159 BTC.
• Komodo (KMD) traded 1.3% lower against the dollar and now trades at $0.17 or 0.00000197 BTC.
• Bitcoin Gold (BTG) traded down 88.3% against the dollar and now trades at $0.31 or 0.00000360 BTC.
• ZClassic (ZCL) traded 1.4% lower against the dollar and now trades at $0.0744 or 0.00000086 BTC.

Zcash Profile

Zcash (CRYPTO: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 15,905,531 coins and its circulating supply is 15,886,821 coins. The official website for Zcash is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible 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 trade Zcash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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