Zcash Hits 24-Hour Trading Volume of $46.97 Million (ZEC)

Zcash (ZEC) traded 1.5% lower against the dollar during the 24-hour period ending at 22:00 PM Eastern on November 24th. Zcash has a market capitalization of $671.06 million and approximately $46.97 million worth of Zcash was traded on exchanges in the last 24 hours. Over the last week, Zcash has traded 5.9% higher against the dollar. One Zcash coin can currently be purchased for about $42.54 or 0.00257801 BTC on popular exchanges.

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

  • Bitcoin Gold (BTG) traded down 2.7% against the dollar and now trades at $14.60 or 0.00088495 BTC.
  • Horizen (ZEN) traded 6.5% lower against the dollar and now trades at $9.15 or 0.00055460 BTC.
  • Pirate Chain (ARRR) traded up 0.5% against the dollar and now trades at $0.36 or 0.00002167 BTC.
  • Komodo (KMD) traded 0.2% lower against the dollar and now trades at $0.19 or 0.00001170 BTC.
  • Bitcoin Private (BTCP) traded down 9.1% against the dollar and now trades at $0.52 or 0.00003132 BTC.
  • ZClassic (ZCL) traded down 0.1% against the dollar and now trades at $0.0363 or 0.00000220 BTC.

About Zcash

Zcash (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 15,775,062 coins. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash. 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.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, receiver, amount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place.Blockchain data provided by: Blockchair (Main Source), Zchain Explorer (Backup)Telegram”

Zcash Coin Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Zcash directly using US dollars. Investors seeking to acquire Zcash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Zcash using one of the exchanges listed above.

Receive News & Updates for Zcash Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Zcash and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.