Zcash (ZEC) 1-Day Volume Reaches $356.60 Million

Zcash (ZEC) traded up 3.2% against the dollar during the 24-hour period ending at 7:00 AM E.T. on July 19th. One Zcash coin can currently be bought for $556.56 or 0.00863094 BTC on popular cryptocurrency exchanges. Zcash has a market cap of $9.34 billion and approximately $356.60 million worth of Zcash was traded on exchanges in the last day. Over the last seven days, Zcash has traded up 6.6% against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Horizen (ZEN) traded up 2.4% against the dollar and now trades at $4.22 or 0.00006551 BTC.
• Pirate Chain (ARRR) traded down 0.9% against the dollar and now trades at $0.21 or 0.00000332 BTC.
• Komodo (KMD) traded down 71.5% against the dollar and now trades at $0.0352 or 0.00000055 BTC.
• Bitcoin Gold (BTG) traded down 19.5% against the dollar and now trades at $0.20 or 0.00000310 BTC.
• ZClassic (ZCL) traded down 2.4% against the dollar and now trades at $0.16 or 0.00000248 BTC.

Zcash Profile

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 16,778,934 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. Zcash’s official website is z.cash. The official message board for Zcash is forum.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 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”

Buying and Selling Zcash

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

ZEC/USD price chart by TradingView