eCash Price Prediction 2024: Can XEC Rise Consistently?

Key Takeaways

• eCash underperformed in 2023, despite a rise more than 50%. 
• XEC had previously spiked in late June and early July. 
• Can XEC build on this growth, or will it just be a spike?
• One eCash price prediction says the coin can reach $0.000115 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.

On February 21, 2024, eCash was worth about $0.0000329.

eCash did not immediately respond to a request for comment.

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 February 21, 2024.

eCash Coin Price Prediction 

Let’s examine some of the eCash price predictions being made on February 21 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. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

First, CoinCodex  had a short-term eCash price prediction that saw it drop to $0.00003073 by February 26, before recovering to  $0.00003648 on March 22. The site’s technical analysis was neutral, with 23 indicators sending bullish signals and eight making bearish ones. 

eCash Price Prediction for 2024

PricePrediction.net  said eCash would stand at $0.000048 this year, while DigitalCoinPrice  thought it would trade at $0.0000685. Meanwhile, Bitnation  said it would be worth $0.000082 at some point in 2023. 

eCash Price Prediction for 2025

Bitnation said XEC would get to $0.000115 in 2025, while PricePrediction.net suggested it would trade at $0.000066. DigitalCoinPrice, meanwhile, said it would be worth $0.000087 in two years time.

eCash Price Prediction for 2030

Moving forward a more long-term eCash price prediction, PricePrediction.net said it would stand at $0.000429 in 2030, while Bitnation argued for a price of $0.00028. DigitalCoinPrice’s XEC price prediction said it would reach $0.000238 by the start of the next decade.

Google Gemini AI Price Prediction for eCash (as of February 21)

Google’s Gemini AI platform gave the following price prediction for eCash on February 21. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligent price predictions are predicated on past performances and are in no way entirely accurate.

Recent Updates from eCash

In February 2024, eCash said it was carrying out work on its Avalanche pre-Consensus program.

In a blog  post, eCash said: “This is a fundamental item on the roadmap and a great technological achievement that will enable transaction finality within two seconds and make the network more agile in many ways.”

XEC Price History

Let’s now take a look at some of 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. 

When XEC first came onto the open market in its current form in early July 2021, it was worth $0.00002753. It fell down to an all-time low of $0.0000173 on 20 July, but it recovered over the next few months, as the market rose and exchanges listed the coin.

XEC reached an all-time high of $0.0005926 on 10 November before sliding down to close the year at $0.00011.

2022 was a disastrous year for crypto and eCash suffered. A succession of market crashes saw it drop to $0.000033 on 18 June. 

Although there was some recovery in the autumn, the collapse of the FTX exchange and the ensuing market turmoil saw it close the year at about $0.0000217, an annual loss of more than 80%.

eCash in 2023 and 2024

2023 was a year of ups and downs. The coin initially shot up, peaking at above $0.0000455 in late January before dropping back down. 

Things got worse in June, when the news of the SEC’s legal actions, combined with Crypto.com suspending its American institutional work, saw it fall to a low of around $0.000019 on June 10. There was some steady progress until, on the morning of June 30, XEC exploded. 

By July 1, it was worth $0.00004493. The spike didn’t last, though, but it still managed to trade at $0.00003 until the middle of August.

The price of XEC dropped at the end of that month, though, and by September 11, it was worth $0.00002162. The coin managed to recover and it closed the year at $0.00003728. This meant it rose a little under 55% in 2023. This may have sounded impressive, but you will have to remember the crypto market more than doubled over the course of the year.

By February 21 2024, XEC was worth about $0.0000329.

At that time, there were 19.64 trillion XEC in circulation, representing the total supply. This gave the coin a market cap of about $646 million, making it the 108th-largest crypto by that metric.

eCash Price Analysis

XEC has been in a bear cycle since its all-time September 2021. It depreciated by 95%, reaching below $0.00002 in June last year, 2023. However, this low was only slightly lower than its previous low in December 2022, indicating that the bearish momentum was slowing down. 

A horizontal range formed, with its resistance around $0.00004, which can be interpreted as the consolidation zone. From September 11 another uptrend took but the rise stopped. The next downturn led XEC back to $0.000028. 

We could see this being the first higher low in a larger uptrend, especially as a minor bounce has happened. But to validate this assumption, we will need to see XEC price regaining stronger momentum and increase past its previous high.

The most clear signal of the starting bull phase would be a breakout above $0.00004. This would mean that the consolidation phase is over and, with the first higher low behind the price, it would be eying the first higher high.

Is eCash a Good Investment?

It is hard to say. The price spiked in late June and early July last year. 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 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 (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.

Former BCH developer Amaury Sechet founded eCash in 2022. 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. This is not to be confused with the Avalanche (AVAX) blockchain.  Instead, it helps the platform cope with increased traffic levels.  

XEC itself is, again like such cryptos as Bitcoin and BCH, designed to be used as a method of exchange. It can be bought, sold, and traded on exchanges.

eCash Attention Tracker

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.

About the Author

Peter Henn

Peter Henn has been a journalist since 2005. In that time, he has written for a variety of publishers including the Mail on Sunday and the Daily Express. He has previously covered the world of cryptocurrency for Currency.com and Capital.com, and has also written for ECigIntelligence.com and CBD-Intel.com. A graduate of the University of Liverpool, he is based in the United Kingdom. His hobbies include music, horse racing and performance art.

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