The eCash History
eCash is a cryptocurrency platform that comes with a title wealth redefined. eCash is used for payments across the globe without a bank account characterized by high speed transactions. eCash is a continuation of the Bitcoin cash project; the Bitcoin cash ABC network is a team of experienced developers who started back in 2017. eCash project is led by Amaury Sechet, a former Facebook engineer and Bitcoin pioneer. He had a significant role in the development of Bitcoin, and he is the creator of Bitcoin Cash. He introduced the eCash brand in July 2021. eCash is the name of the network, eCash XEC is the native cryptocurrency of the platform, and Bitcoin ABC is a software business that interacts with and maintains the eCash network.
eCash was developed after a hard fork of the Bitcoin cash blockchain. It was initially referred to as Bitcoin cash ABC with the symbol BCHA and later converted into eCash with a ticker symbol XEC.
eCash Overview
| Cryptocurrency | eCash |
| Ticker Symbol | XEC |
| Price | $ 0.000112 |
| Price Change 24H | 3.32% |
| Price Change 7D | -6.95% |
| Market Cap | $ 2,116,422,051 |
| Circulating Supply | 18,930,277,146,789 XEC |
| Trading Volume | $ 18,849,037 |
| All Time High | $0.005112 |
| All Time Low | $0.0000173 |
| eCash ROI | No Data |
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Amaury Séchet is the product leader of eCash network. In his words, XEC has a good store of value and medium of exchange, making eCash XEC superior to money. The complete revenue of the eCash protocol is reinvested for development and technology. Users can create Etoken with their name, decimal places, supply, and icon at a lesser cost. The ultimate aim of eCash XEC is to create money that is usable for every individual in the world. eCash network is integrated with the layer of ‘Avalanche’ proof of stake consensus mechanism that enables instant transactions. Confirmation transaction time is limited to nearly less than one second: enhanced security and fork-free upgrades. Avalanche helped eCash become a technically sound, politically decentralized system.
eCash network supports Ethereum Virtual Machine (EVM compatibility) and improves Ethereum DeFi. EVM allows the user to develop financial applications, products, and services. And its POS consensus removes the need for miners.
Roadmap of Bitcoin Cash ABC to eCash
November 2020 Amaury and Roger Ver parted. Sachet created Bitcoin Cash ABC Network, intending to implement the original plan of Nakamoto’s, which is building a crypto token that is as usable as cash. The controversy of the BTC cash team arose as a result of the opinion of one of the main developers. Amaury Sechet wanted to put a “Miner tax” of 8% on every purchase. Usually, newly mined tokens are given to the successful miner as a block reward, and later it is sent to the address belonging to the developer. This issue led to disagreement between the team members, so BCHA split from Bitcoin Cash (BCH).
Bitcoin cash splits into two chains. One of them was called Bitcoin cash ABC for some time, and then eventually, after a year of hard work, it was relaunched as eCash in July with a new website appearance, additional features, and the token XEC. The conversion from BCHA to XEC has been done in 1:1 million, which means 1 million XEC for every BCHA user. The redenomination has changed its decimal from eight to one. Binance has handled all the technical requirements of this conversion from BCHA to XEC. Now XEC is trading in most of the exchanges, and conversions have been partially done and are still going on.
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Unique Features of eCash
The eCash network is different from the rest of the crypto tokens. In other coins, the developers hold a large number of tokens that will be released in the future. The release can create inflation in the coin’s economy, but 90% of eCash XEC is already issued in the cryptocurrency market. Hence the new supply of tokens will be very limited. The inflation rate of eCash XEC is less as of 2021 data. eCash XEC has its own blockchain like Bitcoin. Hence it is not an ERC-20 token; a wrapped XEC token is also available in exchanges, but holding this will increase the risk parameters. Hence it is better to buy the native XEC eCash cryptocurrency.
eCash XEC supports wallets such as Cash tab, Electrum ABC, and Viawallet. The supply of eCash is limited to 21 trillion eCash XEC. Since it has reduced the decimal place, lower unit prices also enjoy higher bull market appreciation. eCash XEC uses bits that allow easy transaction of small units, and it avoids the difficulty of entering decimal points. Instead of entering at 0.00001000, traders can simply send 10 bits. Bitcoin Cash ABC was a fork of Bitcoin; hence BCHA possessed similarities with the king of digital asset Bitcoin. The consensus mechanism of operation was the same for both currencies.
eCash XEC uses electrum ABC, a python application forked from electron cash and automatically copies existing electron cash wall files into an Electrum ABC supporting folder. If a customer still holds coins on the BCH network, it can be retrieved simply by importing a wallet to electrum ABC. Customers can download electrum ABC from the eCash website and execute the same.
eCash supports the CashFusion protocol; CashFusion protocol allows the user to keep the sender anonymous compared to other transactions and maintain the supply cap. With the help of electrum, ABC users can turn on and off this option at their convenience. Privacy is a major concern of the cryptocurrency market, and the tokens cannot expect future growth without implementing privacy settings. Most of the tokens are trading in the market without a proper privacy system, which is a major question that the crypto industry faces nowadays. Being the adopter of CashFusion, which provides privacy to Bitcoin cash, your eCash XEC transactions cannot be tracked by all the chain analysis companies.
It has cashAddr, an address format used in BTC which provides traders ease of copying information and prevents confusion of legacy addresses. Encoding a reference indexer, which is a programmatic block explorer, allows the user to see and open documents in the search interface, zero-knowledge sub-chain ensuring bulletproof privacy.
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eCash Technical Analysis
After the profit booking from an all-time high level of the important crypto-token, the crypto market is back to green for the Friday trading session. Though fear of inflation, the threat of security, lack of technical knowledge, and support prevailing in crypto globally, irrespective of all the concerns, the credibility of the coin is increasing every day. The rising price of coins backs up the surge of investors for the last week. Major tokens show mixed momentum. Usually, coin markets perform better on weekends as per the forecast.
Technical analysis on the daily chart shows the eCash price today is trading at $0.0001138 on December 16th, 2021. With a 24-hour trading volume of $42,507,712. Total market cap is $2,152,813,538 with a circulating supply of 18,924377,146,789. The maximum price of the current trading session is $0.0001166, and the minimum price is $0.0001072. The highest price at which the coin is traded is $0.005112, which is 97.78% higher than the current price.
The analysis time frame is one year because the coin is new to the exchange. Hence, a proper analysis is not possible because indicators cannot explicitly confirm trends within the limited time frame. Historical data on the daily chart, the coin has created price actions many times. Soon after it was live, exchange coins started forming higher highs. Volume has created dramatic ups and downs, and XEC price is going through a price correction after the all-time high.
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The price of eCash went through a continuous uptrend from August 2021 to September 4th of the current year, backed up by high volume. Bears overtook the coin, and a sell eCash sign has formed. The bearish trend had initiated after the massive fall of September 7th, the day when the entire cryptocurrency market was down. The price of eCash took support at $0.000219. Later, the eCash price moved through a mixed momentum and reached the current price. But the volume was not backed up by the movement after September.
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ADX is falling, and the daily chart has a descending triangle formation. A Breakout is expected, and a price action toward upside is predicted from the daily chart. But it may be happening next month or maybe at the beginning of next year. The coin cannot easily break the all-time high because enough volume does not back up the trades. XEC is registered this year only; hence there is no 200 day EMA, but XEC is trying to cross 50 EMA and 20 EMA on charts.
eCash price is trading higher than the last trading session. The next immediate resistance is placed at $0.0002249, which will be crossing by the next trading session if this uptrend momentum continues. If XEC crosses the immediate resistance level, then the next major resistance level is placed at $0.00025659. The biggest hurdle is the range of the highest price $0.00032982; XEC has to cross this level for a long-term move. Immediate support is placed at $0.00019440, which has been tested by the current session. XEC price has already taken support at 40.0001793 and $0.000174.
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MACD is about to cross the signal line, which is expected to cross by the end of the session if the green candle continues. RSI is placed at 55 levels, which can be a consideration for a buy decision. Bollinger bands are trying to open up; prices started moving above the level.
Analyzing more technical indicators, on balance volume is moreover stable, stochastic RSI reverting to a buy confirmation, Fibonacci retracement has reached to 50%. Analysis within the limited time frame can be concluded as, due to the trending news and hype happening in XEC, investors are aware of the token, the movement has occurred in XEC either down or up. Current market sentiments are positive, and the pattern is good. Buyers can take an entry to invest at this level for the short term. The coin has a vast growth potential since it is derived as a part of BTC. Current levels are considerable for medium-term investment also. Once the volumes favor, an upward breakout is expected in eCash XEC.
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eCash XEC Cryptocurrency Price Prediction 2021-2026
The limitless potential of blockchain technology is widely known today, and digital currency is reached in the hands of most of the humans in the world. The blockchain market is all set for sustained future growth. Its blockchain and the advanced protocol eCash XEC ensure a high privacy setup, and hence XEC forecast has long-term earning potential.
eCash Coin Price Prediction 2021
The forecast data shows advancements in blockchain technology coupled with transparency or distributed ledger technology attracted more venture capital investments to crypto this year. Increasing customer base and increased trading volume of crypto is a sign that the crypto market started its momentum with the huge investment opportunities of digital assets. Major coins have touched an all-time high this year, which boosts the growth of altcoins and penny coins in the cryptocurrency market. eCash price predictions are bullish for the year; eCash XEC price prediction shows the maximum price at which XEC will trade for the year is $0.0003, and the average price at which it might trade in the year is $0.00018.
eCash(XEC) Price Prediction 2022
eCash price predictions suggest that the value will begin with $0.000285 and will be trading in the range of $0.00029 to $0.00039 level in the initial quarter. From the third quarter onwards, XEC price is expecting a price rise of $0.0004. The forecast data shows a continuous rise in the eCash price from the second quarter of 2022, and a maximum price foresees at $0.00078; the average price is predicted at $0.0006. Any strong pullback in XEC price may take eCash to a minimum price of $0.000283 as per the eCash price prediction.
eCash Price Predictions 2023
XEC price prediction data shows, XEC price for 2023 starts at around $0.000816, the second half of the year eCash price forecast is to trade at $0.00132 value. The minimum price predictions for the year is $0.0007, but the chances of value reaching this level are less. The average price is predicted at $0.0009. The maximum price can be $0.001400 by the end of the year 2023, as per the eCash price prediction.
eCash Price Forecast 2024
Increased data security and improved market cap tied up with operational efficiencies is a reason for the growth of crypto globally. Companies are working on privacy protocols and efficient transaction systems, many traders and investors of major coins and altcoins are waiting for a green signal in the year 2024 for investment. If you wish to know more about cryptocurrency forecast, read here! Coins foretell a value rise like a price rise of normal currencies. Price prediction eCash forecast is expected to begin with a minimum price of $0.00139, and by February 2024, XEC coin price may rise to $0.00148. The average price is anticipated at $0.00160, the maximum price is expected at $.0021 by December 2023.
eCash Future Price Prediction 2025
eCash forecast shows that investing with a five-year vision in XEC will give a good return for investors. eCash future results to give handful returns to eCash investors, XEC coin price prediction for 2025 begin with $0.002004 based on the analysis it can move to $0.002100 by March 2025. By May 2025, the price of eCash will touch $0.0022309. And the maximum price at which eCash cryptocurrency is predicted for the year is $0.002510. This is a very high value compared to the current eCash price.
eCash Price Prediction 2026
As per the current eCash price movements and eCash price forecast, the minimum price of eCash is expected to be $0.0008, with an average trading value of $0.000856. The price predictions hint that the maximum value the price can reach is $0.0015319. Since the volatility of this currency is slightly less as compared to other currencies, the chance of a sudden rise in the eCash price is not expected as of now. However, no forecast can be taken as sure-shot market development.
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Frequently Asked Questions
Where can I buy eCash?
eCash is currently listed on most major exchanges. Some of them include Binance, BitFinex, Bibox, CoinEx, BKEX, Coinone, Dove Wallet, Gate.io, Gopax, Hoo, Hotbit, Huobi, OKEx, MEXC, LBank, Pionex, STEX, and SwapSpace.
Is XEC a profitable investment?
eCash’s future is predicted to be bullish based on our forecast system. This is because of its strong technology and privacy, as well as the hard work of the team on its mission. Future price analysis, other forecasts, and short-term price predictions are also bullish, though XEC is predicted to be a good investment option. The market always has back reactions, so invest wisely, do your own research and take proper investment advice before investing in any token.
How high can eCash go?
eCash price has a lot of potential in terms of growth and might reach new heights in the future. As per the eCash price prediction, the value can reach around $0.00014 at the end of the current year. If we look at the long-term eCash price predictions, the value can reach $0.0015319 at the end of 5 years.
Will eCash crash?
No, after looking at the current performance and growth, eCash forecast does not suggest a crash in its value. eCash price is only anticipated to grow as per the eCash price forecast. Not just that, the volatility of the currency is quite less as compared to other currencies since the last few months. Investors can invest in the coin after their own research.
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