eCash (XEC) Hits Self Reported Market Capitalization of $165.23 Million

eCash (XEC) traded 10.6% lower against the dollar during the 24-hour period ending at 7:00 AM ET on July 19th. eCash has a total market capitalization of $165.23 million and approximately $90.69 million worth of eCash was traded on exchanges in the last day. One eCash coin can now be purchased for about $0.0000 or 0.00000000 BTC on cryptocurrency exchanges. In the last seven days, eCash has traded 59.9% higher against the dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Arweave (AR) traded 0.7% higher against the dollar and now trades at $1.90 or 0.00002949 BTC.
• Bitcoin (BTC) traded 0.9% higher against the dollar and now trades at $64,533.67 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 0.4% against the dollar and now trades at $217.58 or 0.00337150 BTC.
• Bitcoin SV (BSV) traded down 1.2% against the dollar and now trades at $13.25 or 0.00020535 BTC.
• Syscoin (SYS) traded 1.5% lower against the dollar and now trades at $0.0027 or 0.00000004 BTC.

eCash Coin Profile

XEC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was November 15th, 2020. eCash’s total supply is 20,058,207,797,580 coins and its circulating supply is 20,058,204,672,580 coins. eCash’s official message board is e.cash/blog. eCash’s official Twitter account is @ecash and its Facebook page is accessible here. The Reddit community for eCash is https://reddit.com/r/ecash and the currency’s Github account can be viewed here. eCash’s official website 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 currently possible to buy alternative cryptocurrencies such as eCash directly using US dollars. Investors seeking to trade eCash should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy eCash using one of the aforementioned exchanges.

XEC/USD price chart by TradingView