eCash is a new name for Bitcoin Cash ABC, which is a version of Bitcoin. It is a cryptocurrency that wants to be used like digital money. eCash uses smaller units called bits to make transactions easier. eCash also uses a new system called Avalanche to secure its network.
It also integrates a Proof-of-Stake consensus layer called âAvalancheâ to improve security and performance. It supports Ethereum-compatible smart contracts and decentralized applications. It was launched in 2021 as a rebrand of Bitcoin Cash ABC, a fork of Bitcoin Cash, which itself was a fork of Bitcoin.Â
eCash crypto price showcases an optimistic outlook above the 50-day and 200-day EMA. The daily XEC/USD witnesses a bullish crossover of the 50-day and 200-day EMA indicating strength over the charts.Â
The EMAs may act as a dynamic support if the price declines. Moreover, the RSI line has made a bullish cross of the SMA line. The RSI line hovers above the mean line indicating the strength in the rising trend.Â
eCash Price Prediction 2023
The price prediction for November 2023 showcases a bullish outlook above the ATH. The optimistic view of analysts estimates the price may reach a high of $0.000034 by the year-end. The pessimistic view of analysts estimates the price may drop to $0.000026.Â
eCash Price Prediction 2024
As per the analysts, the most optimistic target that the XEC price may achieve by 2024 is $0.000052, indicating an upside potential of 7.56% from the CMP. However, the pessimistic view of analysts expects the price to reach $0.0000374. Â
