Zcash Tops 24 Hour Volume of $1.32 Billion (ZEC)

Zcash (ZEC) traded down 5% against the US dollar during the 24 hour period ending at 8:00 AM ET on September 13th. One Zcash coin can now be bought for approximately $1,091.56 or 0.01421252 BTC on popular cryptocurrency exchanges. In the last week, Zcash has traded down 7.1% against the US dollar. Zcash has a market cap of $18.41 billion and approximately $1.32 billion worth of Zcash was traded on exchanges in the last 24 hours.

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

• Horizen (ZEN) traded down 2.6% against the dollar and now trades at $6.32 or 0.00008233 BTC.
• Pirate Chain (ARRR) traded down 5.3% against the dollar and now trades at $0.21 or 0.00000280 BTC.
• Bitcoin Gold (BTG) traded down 1.2% against the dollar and now trades at $0.48 or 0.00000628 BTC.
• ZClassic (ZCL) traded 15.4% higher against the dollar and now trades at $0.32 or 0.00000420 BTC.
• Komodo (KMD) traded up 16.3% against the dollar and now trades at $0.0081 or 0.00000011 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 16,867,237 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. Zcash’s official website is 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 the native coin of the Zcash blockchain, a proof-of-work network (Equihash) with a capped supply of 21 million ZEC. It supports transparent transactions, where amounts are visible on-chain, and shielded transactions that use zero-knowledge proofs (zk-SNARKs) to validate payments without publishing the sender, recipient and amount. Zcash’s privacy features include shielded pools (Sprout legacy, Sapling and Orchard), Unified Addresses that bundle multiple receiver types and selective disclosure tools such as viewing keys and payment disclosures. ZEC is used to transfer value and pay transaction fees. New ZEC is issued through the block subsidy; since the 2024 halving, a portion of block rewards has been allocated to development funding streams defined by network upgrades and ZIPs, including Zcash Community Grants and a lockbox seeded coinholder-controlled fund.”

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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the aforementioned exchanges.

ZEC/USD price chart by TradingView