Zcash 24 Hour Volume Hits $55.68 Million (ZEC)

Zcash (CURRENCY:ZEC) traded 5.7% lower against the dollar during the 24 hour period ending at 12:00 PM Eastern on February 24th. During the last seven days, Zcash has traded down 20.3% against the dollar. One Zcash coin can now be purchased for about $389.46 or 0.03982350 BTC on major cryptocurrency exchanges including Tux Exchange, Poloniex, Kraken and Binance. Zcash has a market capitalization of $1.30 billion and $55.68 million worth of Zcash was traded on exchanges in the last 24 hours.

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

  • Bitcoin Gold (BTG) traded 4.5% lower against the dollar and now trades at $117.28 or 0.01199190 BTC.
  • Komodo (KMD) traded 3.6% lower against the dollar and now trades at $4.06 or 0.00041491 BTC.
  • ZClassic (ZCL) traded 18% lower against the dollar and now trades at $116.00 or 0.01186110 BTC.
  • ZenCash (ZEN) traded up 4.4% against the dollar and now trades at $35.11 or 0.00359025 BTC.
  • Hush (HUSH) traded 10.3% lower against the dollar and now trades at $2.08 or 0.00021290 BTC.
  • Zero (ZER) traded 10.6% lower against the dollar and now trades at $1.69 or 0.00017300 BTC.

About Zcash

Zcash is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It launched on October 28th, 2016. Zcash’s total supply is 3,349,769 coins. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here. Zcash’s official message board is forum.z.cash. Zcash’s official website is z.cash.

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, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Zcash Coin Trading

Zcash can be bought or sold on these cryptocurrency exchanges: BigONE, CoinExchange, Poloniex, GOPAX, Altcoin Trader, Gate.io, Huobi, BCEX, Bittrex, Cryptomate, Bitlish, Coinrail, Qryptos, CoinEx, Exrates, Bitfinex, Cryptopia, LiteBit.eu, Kraken, YoBit, Tux Exchange, BTC-Alpha, CEX.IO, The Rock Trading, Bithumb, Waves Decentralized Exchange, Binance, Allcoin, Trade Satoshi, Bit-Z, Coinroom, HitBTC, Lbank, Abucoins, Mercatox, Exmo, C-CEX, Upbit, LocalTrade, OKEx, WEX and BX Thailand. It is not possible to purchase Zcash directly using US dollars. Investors seeking to acquire Zcash must first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.

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