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The eCash native token, XEC, is now outperforming the top 100 cryptocurrencies. Over the past 24 hours, the eCash (XEC) price has increased by over 30%, significantly exceeding the market. For the past two weeks, the cryptocurrency market as a whole has underperformed. So far today, the market has dropped more than 1%, bringing the overall market cap down below the $1 trillion threshold.
The eCash Mainnet Avalanche Post-Consensus release on September 14th has sparked a surge in XEC, as the development team has publicized the date. The team claims that Post-Consensus adds 51% attack prevention, dramatically raising the network’s security to the level of the best Proof-of-Work chains. Because of this, exchanges can implement single-confirmation deposits using eCash now that blocks may be mined and confirmed in a single transaction.
Did you hear the BIG news?!! Avalanche Post-Consensus will go live on Sept 14!
⏳ The countdown is now up on https://t.co/WG75AjjjoW! 😉
GET READY FOR THE LAUNCH! 🔥🚀$XEC #eCash #Crypto #JustBuild 🛠️ pic.twitter.com/CZqW5pOYMF
— eCash (@eCashOfficial) August 28, 2022
The Crash of the Crypto Market
Since the start of the day, the cryptocurrency market has been in the red, with the total value of all cryptocurrencies falling by 1.08 percent to $957.05 billion yesterday. The total volume of the cryptocurrency market fell by 15.35% in the last 24 hours to $54.89 billion. This occurred after the values of many significant cryptocurrencies plummeted dramatically. Many cryptocurrencies, including the world’s largest cryptocurrency, Bitcoin (BTC), as well as Ethereum (ETH), XRP, Cardano (ADA), Solana, and meme token Dogecoin (DOGE), all experienced significant price drops within two hours.
However, the massive drop could be linked to growing concerns about the aggressive US Federal Reserve rate hikes promised by Powell last week.
According to CNBC, the Dow Jones Industrial Average ended the day down more than 1,000 points. The Nasdaq website’s stock market activity tracker displayed red, downward-pointing arrows all over the board 12 hours before the U.S. stock market opened on Monday.
Network Progress
According to the data, the price of eCash will continue to rise beginning in the third quarter of 2022, reaching a high of $0.000137 and a low of $0.000125. Any significant decline in the XEC price, according to the eCash price projection, could halt the bullish rally. The continuous rise in eCash coin prices can be attributed to increased market capitalization, improved data security, and operational efficiency. Furthermore, the network is hard at work developing efficient transaction systems and privacy protocols, which is why many traders and investors are interested in this investment.
eCash, a cryptocurrency network, bills itself as “wealth redefined” and is used for payments anywhere in the world that does not require a bank account; unlike other crypto coins, the eCash network has certain unique features, the sole reason for its ongoing bullish rally. XEC, like Bitcoin, has a private blockchain.
The wallets Cash tab, Electrum ABC, and Viawallet are all supported by eCash XEC. It is expected that eCash will have a bright future due to the team’s dedication to the mission and solid technology and privacy safeguards. Even though XEC is expected to be a great investment, future price analysis, other projections, and short-term price forecasts are all positive.
eCash (XEC) Pumps 26% – Technical Outlook
The current eCash price is $0.00004805, with a $620 million 24-hour trading volume. eCash has increased by 26% in seven days, with a live market value of $900 million, and is now ranked #52. The total supply is 21,000,000,000,000 XEC coins, with a circulating supply of 19,155,810,923,303 XEC coins.
Despite the bearish market, the eCash standstill is near $0.0000479, maintaining a narrow range of $0.0000507 – $0.000046. eCash has already completed a 61.8% bearish retracement, with support at $0.0000472. A break below this level could send eCash to the next support level of $0.0000427.
A bullish breakout of the $0.0000507 level, on the other hand, may open up additional buying opportunities until the $0.0000539 and $0.0000623 levels. Consider remaining bullish above $0.00004602 and vice versa.
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