eCash (XEC) Trading 36.2% Higher This Week

eCash (XEC) traded up 16.4% against the U.S. dollar during the 24 hour period ending at 7:00 AM ET on July 15th. eCash has a market capitalization of $138.17 million and approximately $60.17 million worth of eCash was traded on exchanges in the last day. One eCash coin can currently be bought for approximately $0.0000 or 0.00000000 BTC on major exchanges. During the last seven days, eCash has traded up 36.2% against the U.S. dollar.

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

• Arweave (AR) traded up 3% against the dollar and now trades at $1.99 or 0.00003075 BTC.
• Bitcoin (BTC) traded up 2.9% against the dollar and now trades at $64,605.13 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.9% against the dollar and now trades at $234.66 or 0.00363227 BTC.
• Bitcoin SV (BSV) traded down 2.1% against the dollar and now trades at $13.65 or 0.00021129 BTC.
• Syscoin (SYS) traded down 3.2% against the dollar and now trades at $0.0027 or 0.00000004 BTC.

eCash Profile

eCash (XEC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on November 15th, 2020. eCash’s total supply is 20,055,960,922,580 coins and its circulating supply is 20,055,926,547,580 coins. The Reddit community for eCash is https://reddit.com/r/ecash and the currency’s Github account can be viewed here. The official message board for eCash is e.cash/blog. eCash’s official Twitter account is @ecash and its Facebook page is accessible here. The official website for eCash is e.cash.

According to CryptoCompare, “The developers of Bitcoin ABC announced the start of a rebranding campaign that is set to coincide with the launch of a new project – eCash – aiming at redefining digital money. The Bitcoin ABC project officially changed its name to eCash and the token was renamed from BCHA to XEC on July 1 2021 at 12 PM UTC. As stated in the renewed website, eCash is the natural continuation of the Bitcoin Cash project, which is led by Amaury Sechet, a former Facebook engineer and Bitcoin pioneer, who has had a significant impact on the development of Bitcoin and is the creator of Bitcoin Cash. Sechet parted ways with Roger Ver in 2020 and created Bitcoin ABC to realize Nakamoto’s original plan of building a cryptocurrency that might be as usable as cash. After dedicating over a year of work to the project, Amaury is relaunching Bitcoin ABC as eCash, which, to date, is the only project aiming to build hard digital cash that scales and is secure with low latency. Realizing the vision of the US economist Milton Friedman, eCash follows through on key promises such as the innovative Avalanche consensus layer while also introducing concepts never before seen in a Bitcoin project, such as staking, fork-free network upgrades, and subchains. Telegram, Discord, ?Facebook, Instagram, LinkedIn, YouTube, GitHub, Reddit, Medium”

Buying and Selling eCash

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

XEC/USD price chart by TradingView