eCash Achieves Self Reported Market Capitalization of $114.67 Million (XEC)

eCash (XEC) traded down 3.4% against the dollar during the 1-day period ending at 7:00 AM E.T. on June 5th. One eCash coin can currently be purchased for $0.0000 or 0.00000000 BTC on major exchanges. During the last week, eCash has traded down 15.7% against the dollar. eCash has a market cap of $114.67 million and approximately $4.19 million worth of eCash was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Arweave (AR) traded 8.7% lower against the dollar and now trades at $2.08 or 0.00003336 BTC.
• Bitcoin (BTC) traded down 0.3% against the dollar and now trades at $62,419.93 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 5.1% lower against the dollar and now trades at $228.85 or 0.00366637 BTC.
• Bitcoin SV (BSV) traded down 4% against the dollar and now trades at $12.54 or 0.00020084 BTC.
• Syscoin (SYS) traded 32.1% lower against the dollar and now trades at $0.0019 or 0.00000003 BTC.

About eCash

eCash (XEC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on November 15th, 2020. eCash’s total supply is 20,038,020,297,580 coins and its circulating supply is 20,037,989,047,580 coins. eCash’s official website is e.cash. eCash’s official Twitter account is @ecash and its Facebook page is accessible here. The official message board for eCash is e.cash/blog. The Reddit community for eCash is https://reddit.com/r/ecash and the currency’s Github account can be viewed here.

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 possible to purchase alternative cryptocurrencies such as eCash directly using U.S. dollars. Investors seeking to acquire eCash should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase eCash using one of the aforementioned exchanges.

XEC/USD price chart by TradingView