eCash Self Reported Market Capitalization Tops $129.23 Million (XEC)

eCash (XEC) traded up 9.6% against the US dollar during the 24-hour period ending at 7:00 AM ET on July 31st. One eCash coin can currently be bought for $0.0000 or 0.00000000 BTC on cryptocurrency exchanges. Over the last week, eCash has traded down 13.5% against the US dollar. eCash has a market capitalization of $129.23 million and $16.27 million worth of eCash was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Arweave (AR) traded 1% lower against the dollar and now trades at $1.71 or 0.00002679 BTC.
• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $63,791.95 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 1.7% against the dollar and now trades at $206.85 or 0.00324263 BTC.
• Bitcoin SV (BSV) traded 0.8% higher against the dollar and now trades at $12.59 or 0.00019739 BTC.
• Syscoin (SYS) traded 8.6% higher against the dollar and now trades at $0.0017 or 0.00000003 BTC.

About eCash

eCash (XEC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was November 15th, 2020. eCash’s total supply is 20,063,098,422,580 coins and its circulating supply is 20,063,026,547,580 coins. The official message board for eCash 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. The official website for eCash 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 presently possible to purchase alternative cryptocurrencies such as eCash directly using U.S. dollars. Investors seeking to trade eCash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase eCash using one of the exchanges listed above.

XEC/USD price chart by TradingView