Zcash (ZEC) One Day Volume Hits $361.81 Million

Zcash (ZEC) traded down 0.5% against the US dollar during the one day period ending at 7:00 AM Eastern on April 30th. Over the last week, Zcash has traded up 5.8% against the US dollar. Zcash has a market capitalization of $5.55 billion and $361.81 million worth of Zcash was traded on exchanges in the last 24 hours. One Zcash coin can now be bought for about $333.37 or 0.00438464 BTC on popular exchanges.

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

• Horizen (ZEN) traded down 3% against the dollar and now trades at $5.74 or 0.00007552 BTC.
• Pirate Chain (ARRR) traded 5.1% lower against the dollar and now trades at $0.20 or 0.00000264 BTC.
• Bitcoin Gold (BTG) traded 0.2% higher against the dollar and now trades at $0.52 or 0.00000683 BTC.
• ZClassic (ZCL) traded down 2% against the dollar and now trades at $0.23 or 0.00000300 BTC.
• Komodo (KMD) traded 23.8% lower against the dollar and now trades at $0.0029 or 0.00000004 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 16,652,756 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. 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, 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 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, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Zcash using one of the exchanges listed above.

ZEC/USD price chart by TradingView