Home / Price Predictions / eCash Price Prediction 2024: XEC Price Analysis

eCash Price Prediction 2024: XEC Price Analysis

Last Updated July 1, 2024 10:25 AM
Giuseppe Ciccomascolo
Last Updated July 1, 2024 10:25 AM

Key Takeaways

  • eCash underperformed in 2023, despite a rise more than 50%. 
  • XEC was delisted by Bitfinex in November.
  • One eCash price prediction says the coin can reach $0.0000816 next year. 

Bitcoin (BTC) spin-off eCash rose in 2023, but still performed worse than the market average.

The crypto’s supporters will be hoping that it can improve its performance.

Meanwhile, investors in a series of cryptos delisted by Binance will be looking to see how XEC performed after it was delisted  by Bitfinex in November last year.

The price of XEC has increased over the last couple of months but, despite getting close, XEC is not among the 100 crypto with the highest capitalization.

On July 1, 2024, eCash was worth about $0.00003216.

eCash did not immediately respond to a request for comment.

Let’s look at our eCash price predictions we made at CCN.com on July 1, 2024. We’ll also examine the eCash price history, as well as talking a little about what eCash is and what it does.

But what is eCash (XEC)? How does eCash work? Let’s see what we can find out, and also take a look at some of the eCash Price Predictions that were being made as of July 1, 2024.

eCash Price Prediction

Let’s examine some of the eCash price predictions CCN.com made on July 1, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.

Minimum eCash Price Prediction Average eCash Price Prediction Maximum eCash Price Prediction
2024 $0.0000289 $0.0000653 $0.0000705
2025 $0.0000691 $0.0000803 $0.0000816
2030 $0.000217 $0.000237 $0.000241

eCash Price Prediction for 2024

If the positive momentum continues and XEC breaks above its moving averages, it could reach targets between $0.0000289 and $0.0000705 by the end of 2024, with the average price set at $0.0000653.

eCash Price Prediction for 2025

Technical analysis suggests a potential increase for eCash in 2025. The minimum XEC price expected for 2025 is $0.0000691 while the maximum one is $0.0000816. In the middle, it may reach $0.0000803.

eCash Price Prediction for 2030

Based on technical analysis, the eCash token may reach a maximum level of $0.000241 at the beginning of the next decade, while, in the worst scenario, it may go to $0.000217. The average expected price is $0.000237.

eCash Price Analysis

The token is currently experiencing a downtrend in the medium to long term, reflecting growing investor pessimism and suggesting further potential declines.

eCash price analysis
eCash price analysis. | Credit: Giuseppe Fabio Ciccomascolo/Investing.com

According to our technical analysis, eCash’s 200-day Simple Moving Average (SMA) is projected to increase over the next month, reaching $0.00004896 by July 31, 2024. Similarly, the short-term 50-day SMA for eCash is anticipated to rise to $0.00005257 by the same date.

The Relative Strength Index (RSI) is a widely used momentum oscillator that determines whether a cryptocurrency is oversold (below 30) or overbought (above 70). At present, the RSI for eCash stands at 35.28, suggesting that the XEC market is currently in a neutral state, neither significantly oversold nor overbought. This neutral RSI position implies a balanced market sentiment, providing potential for upward movement if bullish trends continue.

Short Term eCash Price Prediction

Based on eCash technical analysis, we anticipate a significant increase of 227%, with the price expected to reach $0.000106 by July 31, 2024. Despite this optimistic projection, our technical indicators currently reflect a bearish sentiment, while the Fear & Greed Index stands at a neutral 53.

Over the past 30 days, eCash has experienced 13 green days, accounting for 43% of the period, and has shown a price volatility of 15.71%. Given these factors, our forecast suggests that now may not be an ideal time to invest in eCash.

eCash Price Performance Comparisons

Current Price One Year Ago Price Change
eCash $0.00003216 $0.00003718 -24%
Bitcoin Cash $389.57 $298.8042 +32%
Bitcoin $62,834.07 $30,600 +107%
Chainlink $14.42 $6.5305 +132%

eCash Price History

Let’s now take a look at some of the key dates in the eCash price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting an eCash price prediction.

eCash price history
eCash price in 2023 and 2024. | Credit: CoinMarketCap

 

Time period Fantom price
Last week (June 24, 2024) $0.00003046
Last month (June 1, 2024) $0.00004608
Three months ago (April 1, 2024) $0.00006796
One year ago (July 1, 2023) $0.00003718
Launch price (July 9, 2021) $0.00002592
All-time high (September 5, 2021) $0.0003304
All-time low (June 12, 2023) $0.00002049

Who Owns the Most eCash (XEC) Tokens?

On July 1, 2024, one wallet held 21.67% of eCash’ supply.

Richest XEC Wallet Addresses

As of July 1, 2024, the five wallets with the most eCash tokens were

  • qrdraf6aja5hcwxecj9ecc4tgzljfxxnage4ekwd74. This wallet held 4,275,112,206,173.05 XEC, or 21.67% of the supply.
  • qre24q38ghy6k3pegpyvtxahu8q8hqmxmqe77veajk. This wallet held 1,235,539,452,673.92 XEC, or 6.26% of the supply.
  • qz9gaysz88a4e3j8s4wp6c6tpwlycjm8qy0t5wv0r6. This wallet held 724,627,660,931.18 XEC, or 3.67% of the supply.
  • qznwpar03vu5ng3nupjzr0kmy74uvw46xuntfjef2f. This wallet held 162,001,483,254.80 XEC, or 0.82% of the supply.
  • pzr5lqu0rf77253kn84k2a7hux8c7jm9kyrqgddegn. This wallet held 109,582,904,423.68 XEC, or 0.55% of the supply.

eCash Supply and Distribution Fact Box

Supply and distribution Figures
Maximum supply 21,000,000,000,000
Total (as of July 1, 2024) 19,722,789,048,091 (94% of maximum supply)
Holder distribution Top 10 holders owned 37% of supply, as of July 1, 2024

From the eCash Whitepaper

In its technical documentation, or whitepaper , eCash says that it “utilizes the Avalanche consensus protocol to provide faster and more reliable transactions. This protocol allows for quick finality and low-latency confirmation times, addressing the scalability issues faced by Bitcoin.”

eCash (XEC) Explained

The eCash  blockchain, not to be confused with Ecash, the proto-crypto that was created by scientist David Chaum in 1983, is a spin-off from the Bitcoin Cash blockchain, which was, itself, the result of a split from Bitcoin.

The coin, which goes by the ticker handle XEC, aims to serve as an alternative currency.  This makes it similar to the likes of BTC and BCH. The platform was originally known as Bitcoin Cash ABC, but rebranded in 2021 to differentiate itself from BCH.

How eCash Works

The eCash network is a Proof-of-Stake (PoS) blockchain. People are chosen to verify transactions and add blocks to the blockchain based on how much XEC they hold. This makes it somewhat different from Bitcoin and many of its spin-offs, which use the Proof-of-Work consensus mechanism.

eCash uses a form of PoS called Avalanche, which is not the Avalanche (AVAX) blockchain.  Instead, it helps the platform cope with increased traffic levels.  

Again, like cryptos like Bitcoin and BCH, XEC is designed as a method of exchange. It can be bought, sold, and traded on exchanges.

Is eCash a Good Investment?

It is hard to say. The price spiked in late June and early July 2023. While this led to a sustainable price level, this went away when the market fell in August. Its recent performance has been encouraging but we don’t know how long it will last. 

A coin that is based on Bitcoin but uses PoS to secure its blockchain is intriguing, but there are issues with eCash.

Firstly, it does not appear to have a whitepaper. This is a technical document that explains how eCash works, or what it does precisely. While there is some information available on the blockchain’s website, the lack of a precise technical document could put potential investors off.

Secondly, although eCash’s low value is designed to make it easier to send large sums internationally, those who are maybe not as au fait with how cryptos work could look at it worth fractions of a cent and decide to take their money elsewhere, limiting its future growth.

Nevertheless, eCash has shown some potential over the years it has been in operation. Its recent spell of good form could draw people to it. In turn, this could eventually set up a user base that gives it more real-world utility.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in XEC.

Will eCash go up or down?

No one can really tell right now. While the eCash crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in eCash?

Before you decide whether or not to invest in eCash, you will have to do your own research, not only on XEC, but on other, related, coins and tokens such as Bitcoin Cash (BCH) or Bitcoin SV (BSV). You will also need to make sure that you never invest more money than you can afford to lose.

eCash Attention Tracker

eCash Google search volume
eCash Google search volume. | Credit: Google

Here is a chart for the eCash Google search volume for the past 90 days. This represents how many times the term “eCash” has been Googled over the previous 90 days. 

FAQs 

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Further reading

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.