eCash Price Hits $0.0000 on Major Exchanges (XEC)

eCash (XEC) traded down 7.9% against the US dollar during the 24 hour period ending at 23:00 PM ET on August 11th. In the last week, eCash has traded up 7.2% against the US dollar. One eCash coin can currently be purchased for approximately $0.0000 or 0.00000000 BTC on exchanges. eCash has a total market capitalization of $593.23 million and approximately $7.65 million worth of eCash was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded down 4.4% against the dollar and now trades at $58,646.01 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 6.1% lower against the dollar and now trades at $334.24 or 0.00570401 BTC.
• Arweave (AR) traded down 8.5% against the dollar and now trades at $20.13 or 0.00034352 BTC.
• Bitcoin SV (BSV) traded 7.6% lower against the dollar and now trades at $40.25 or 0.00068687 BTC.
• Syscoin (SYS) traded down 2.6% against the dollar and now trades at $0.0738 or 0.00000126 BTC.

About eCash

XEC is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its genesis date was July 1st, 2021. eCash’s total supply is 19,741,745,298,091 coins and its circulating supply is 19,741,735,923,091 coins. eCash’s official Twitter account is @ecashofficial and its Facebook page is accessible here. The official website for eCash is e.cash. 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.”

Buying and Selling eCash

It is usually not currently possible to buy alternative cryptocurrencies such as eCash directly using U.S. dollars. Investors seeking to acquire eCash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy eCash using one of the aforementioned exchanges.

XEC/USD price chart by TradingView