Zcash (ZEC) Hits 24 Hour Volume of $47.60 Million

Zcash (ZEC) traded up 3% against the dollar during the 24 hour period ending at 18:00 PM Eastern on February 12th. Over the last seven days, Zcash has traded down 0.9% against the dollar. Zcash has a total market cap of $343.09 million and $47.60 million worth of Zcash was traded on exchanges in the last day. One Zcash coin can currently be bought for approximately $21.01 or 0.00041968 BTC on major exchanges.

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

  • Bitcoin Gold (BTG) traded 1.9% higher against the dollar and now trades at $25.68 or 0.00051296 BTC.
  • Horizen (ZEN) traded up 2.1% against the dollar and now trades at $8.06 or 0.00016093 BTC.
  • Komodo (KMD) traded up 3.5% against the dollar and now trades at $0.28 or 0.00000567 BTC.
  • Pirate Chain (ARRR) traded 0.5% higher against the dollar and now trades at $0.19 or 0.00000374 BTC.
  • Bitcoin Private (BTCP) traded flat against the dollar and now trades at $0.19 or 0.00000700 BTC.
  • ZClassic (ZCL) traded up 3% against the dollar and now trades at $0.0756 or 0.00000151 BTC.

Zcash Coin Profile

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 16,328,269 coins. Zcash’s official Twitter account is @electriccoinco and its Facebook page is accessible here. The official website for Zcash is z.cash. The Reddit community for Zcash is https://reddit.com/r/zec and the currency’s Github account can be viewed here. 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.”

Zcash Coin Trading

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

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