eCash Price Prediction 2023 – 2030

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.

Amaury Séchet is the product leader of the 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

In 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.

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 transactions 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, they 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 this 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, a zero-knowledge sub-chain ensuring bulletproof privacy.

eCash Technical Analysis

The 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.

The eCash price today is trading at $0.0000308. With a 24-hour trading volume of $5,719,071. The total market cap is $595,215,252, with a circulating supply of 19,325,635,923,303 XEC.

Historical data shows the coin has created price actions many times. Volume has created dramatic ups and downs, and XEC price is going through a price correction after an all-time high. The price of eCash went through a continuous uptrend from August 2021 to September 2021 first week, backed up by high volume. Bears overtook the coin, and a sell eCash sign formed. The bearish trend had initiated after the massive fall of September 2021 second week, the day when the entire cryptocurrency market was down.

The price of eCash is currently taking support at $0.00002. Compared to the previous year, the eCash price has recovered marginally and is currently moving through a mixed momentum. A Breakout is expected, and a price action toward the upside is predicted. But it may be happening next month or maybe nearing the end of this year. The coin cannot easily break the all-time high because enough volume does not back up the trades.

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, and the movement has occurred in XEC either down or up. Current market sentiment is showing a consolidation in trend. Though, 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.

eCash XEC Cryptocurrency Price Prediction 2023-2030

The limitless potential of blockchain technology is widely known today, and digital currency has reached the hands of most humans in the world. The blockchain market is all set for sustained future growth. If you wish to know more about cryptocurrency forecast, read here! The blockchain and the advanced protocol eCash XEC ensure a high privacy setup, and hence XEC forecast has long-term earning potential.

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