Zcash (ZEC) 1-Day Volume Tops $45.01 Million

Zcash (ZEC) traded down 0.2% against the U.S. dollar during the 24-hour period ending at 17:00 PM ET on May 22nd. Zcash has a market cap of $399.78 million and approximately $45.01 million worth of Zcash was traded on exchanges in the last 24 hours. In the last week, Zcash has traded up 5.5% against the U.S. dollar. One Zcash coin can currently be bought for $24.48 or 0.00035232 BTC on major exchanges.

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

• Bitcoin Gold (BTG) traded 1.8% lower against the dollar and now trades at $36.91 or 0.00053107 BTC.
• Horizen (ZEN) traded up 3.2% against the dollar and now trades at $9.19 or 0.00013226 BTC.
• Pirate Chain (ARRR) traded down 2.6% against the dollar and now trades at $0.28 or 0.00000408 BTC.
• Komodo (KMD) traded down 4.6% against the dollar and now trades at $0.40 or 0.00000577 BTC.
• Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
• ZClassic (ZCL) traded down 0.2% against the dollar and now trades at $0.0628 or 0.00000090 BTC.

Zcash Profile

Zcash (CRYPTO: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. The official message board for Zcash 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 presently 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 Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView