Zcash (ZEC) Reaches One Day Trading Volume of $580,582.85

Zcash (ZEC) traded up 1.5% against the US dollar during the 24 hour period ending at 10:00 AM ET on May 9th. Zcash has a total market capitalization of $377.43 million and $580,582.85 worth of Zcash was traded on exchanges in the last 24 hours. During the last seven days, Zcash has traded up 3.2% against the US dollar. One Zcash coin can now be purchased for $23.12 or 0.00037880 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 0.2% higher against the dollar and now trades at $33.52 or 0.00054935 BTC.
• Horizen (ZEN) traded down 0% against the dollar and now trades at $8.86 or 0.00014517 BTC.
• Pirate Chain (ARRR) traded 7.9% lower against the dollar and now trades at $0.35 or 0.00000568 BTC.
• Komodo (KMD) traded 13% higher against the dollar and now trades at $0.43 or 0.00000711 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded 3.7% lower against the dollar and now trades at $0.0538 or 0.00000088 BTC.

About Zcash

Zcash (ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. Its genesis date was October 28th, 2016. Zcash’s total supply is 16,328,269 coins. 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. The official website for Zcash is z.cash. 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.”

Buying and Selling Zcash

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 Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX 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