eCash Shows Positive Trend — XEC May Hit a Breakout Soon

eCash, derived from Bitcoin Cash ABC, is in an uptrend. As the crypto market continues to gradually pick up from its plunge in the last few weeks, some coins have begun to see a little green. XEC is one of these coins.

With a price surge of 13.22%, the eCash coin is signaling a steady climb as of the time of writing. Further, XEC is currently trading at $0.0002742 and has accrued a total market capitalization of $5,169,262,913.

Additionally, it is ranked #32 — with a circulating supply of 18,855.25B XEC. eCash (XEC) is the new battle-tested crypto forged from centuries of economic theory, with over a decade of real-world crypto experience. Within the last 24 hours, the trading volume stands at $172,034,168 according to CoinMarketCap.

eCash Explained

eCash was built by early Bitcoin developers who have been working to solve the problem of internet and financial privacy long before Satoshi’s whitepaper.

Even more, eCash supports tokens that anyone can create and trade. It also allows divided payments. Adding more, you can create your token with a customized name, supply, decimal places, and icon. Likewise, users can stake on the eCash platform.

According to eCash, the platform is a continuation of the Bitcoin Cash project. It continues to be developed by Bitcoin ABC. Notably, Avalanche is the critical part of eCash. Avalanche brings technically sound, politically decentralized governance to the eCash protocol.

After Avalanche, eCash plans to create subnets so that the network can interconnect with other networks with different features. But, it will use the same coin at the core.

To conclude, though the eCash coin is showing a bullish curve, the instability of the crypto market may result in a bear. Notwithstanding, XEC is still a promising investment and will have its breakout someday.

Source: https://coinquora.com/ecash-shows-positive-trend-xec-may-hit-a-breakout-soon/