ECash (XEC) is a cryptocurrency Bitcoin Cash ABC The network-the result of the hard fork Bitcoin Cash That happened in 2020. The token was originally called Bitcoin Cash ABC (BCHA), but was renamed 1:100,000 and renamed eCash in July 2021.
The history of the Bitcoin Cash ABC network is controversial.A few years before BCHA forked BCH, BCH itself was separated from Bitcoin Core, or just BitcoinThis is due to disagreements between the team and the community on the scalability of Bitcoin, its block size limit is 1 MB, and its practicality as a payment method. As a result, Bitcoin Cash was manufactured with a larger block size, thus supporting higher transaction throughput.
Bitcoin Cash ABC was later split up because its core development team supported the collection of “miner tax.” 8% of the coinbase of each block (newly mined coins are usually provided as block rewards to successful miners) will be sent to the address belonging to the developer as an incentive for the work of the protocol. This idea was not welcomed by the community, and BCHA forked BCH with almost no computing power.
After being renamed eCash, the network also plans to integrate the PoS consensus protocol to help speed up transactions.Experts also pointed out that the focus is on EVM compatibility, which may mean that the plan and EthereumBased on the project.
ECash started slowly, trading at around $0.00002 for most of July 2021. Later, the XEC price started to rise and climbed to $0.00006-0.00008 throughout August. In September, XEC experienced a price surge, reaching a high of nearly $0.0004 on September 4. Although XEC has experienced a slight price correction, it has been trading in the ~0.0002-0.0003 USD area, which is still very good for this token. This makes eCash price predictions very promising.
Although it is almost impossible to perform 100% accurate technical analysis of eCash cryptocurrency, on this advanced technical analysis tool of TradingView, you can view real-time aggregated XEC trading ratings within the selected time frame. The summary of XEC/USD is based on the most popular technical indicators — moving averages, oscillators and pivots.
From the analysis cited above, it is clear that eCash (XEC) forecasts are quite contradictory. There is no general consensus on the positive or negative trend of XEC prices in the future. In fact, the possible future growth depends on various factors: announcements, new technical solutions for the eCash project, overall encryption environment, legal status, etc. We would like to remind you that you must conduct your own research (DYOR) before investing in any cryptocurrency.
Disclaimer: This article should not be considered as providing trading advice. The cryptocurrency market suffers from high volatility and occasional arbitrary fluctuations. Any investor should research multiple viewpoints and be familiar with all local regulations before investing.
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