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Despite the crypto market’s poor performance, the eCash (XEC) coin has extended its gaining streak and surged around the $0.000050 mark amid strong fundamentals and high-end privacy. Despite the challenging market conditions, the less popular altcoin eCash (XEC) saw encouraging gains this week.
XEC has outperformed most tokens in the last 24 hours, rising by nearly 5.26%. As a result, the token’s 24-hour trading volume increased, increasing investor interest.
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The recent uptick could be attributed to the fact that the team recently released the Bitcoin ABC 0.26.0 upgrade, which included several minor bug fixes and enhancements, resulting in a new surge in the value of the XEC currency.
Bitcoin ABC 0.26.0 is now available!
This release introduces Avalanche Post-Consensus — bringing 1-block finality and 51% attack protection to eCash!
Download it here: https://t.co/JRQXfNQztp#eCash #BitcoinABC #XEC $XEC pic.twitter.com/76eHtWCnFs
— Bitcoin ABC (@Bitcoin_ABC) September 14, 2022
So far, the eCash community has had a successful month. Among the platform’s upgrades are the Avalanche Post-Consensus upgrade, new wallets, capabilities, and a $100 million XEC Contribution Rewards Program.
eCash Price & Tokenomics
The current eCash price is $0.000050, with a 24-hour trading volume of $180 billion. eCash has increased by 5.26% in the last 24 hours and is now ranked #50 on the market, with a live market cap of $959 billion. There are currently 19,170,417,173,303 XEC coins in circulation, with a maximum supply of 21,000,000,000,000 XEC coins.
Stronger Dollar Continues to Pressure Crypto Market
Since the start of the new week, the cryptocurrency market has been flashing red. However, at the beginning of trade on September 15, the total market capitalization of all cryptocurrencies fell from 997.62 billion the previous day to $985 billion.
Over the last day, the total volume of the cryptocurrency market increased by 11.97% to $101.44 billion. Bitcoin (BTC), the world’s most valuable and oldest cryptocurrency, is in a major crisis after its price fell below $20,000 early on Wednesday. The cryptocurrency market’s declines were thus viewed as one of the key factors limiting further gains in the eCash (XEC) coin.
In the meantime, the stronger US dollar was thought to have significantly impacted the gains made by the eCash (XEC) coin. Investors began preparing for rising US interest rates, giving the US currency a significant international boost. Furthermore, the US dollar’s value increased due to stronger-than-expected US inflation data.
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