eCash (XEC) Tops One Day Trading Volume of $6.52 Million

eCash (XEC) traded 2.7% lower against the U.S. dollar during the 1-day period ending at 11:00 AM E.T. on August 11th. One eCash coin can now be purchased for $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges. During the last seven days, eCash has traded 7% lower against the U.S. dollar. eCash has a total market cap of $612.23 million and $6.52 million worth of eCash was traded on exchanges in the last day.

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

• Bitcoin (BTC) traded down 0.1% against the dollar and now trades at $60,331.36 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded down 4.6% against the dollar and now trades at $341.55 or 0.00566119 BTC.
• Arweave (AR) traded 4.9% lower against the dollar and now trades at $20.64 or 0.00034211 BTC.
• Bitcoin SV (BSV) traded down 3.2% against the dollar and now trades at $41.22 or 0.00068330 BTC.
• Syscoin (SYS) traded down 0.9% against the dollar and now trades at $0.0745 or 0.00000123 BTC.

eCash Coin Profile

eCash (CRYPTO:XEC) is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 1st, 2021. eCash’s total supply is 19,741,523,423,091 coins and its circulating supply is 19,741,514,048,091 coins. eCash’s official Twitter account is @ecashofficial and its Facebook page is accessible here. eCash’s official website 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 possible to buy alternative cryptocurrencies such as eCash directly using U.S. dollars. Investors seeking to trade eCash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy eCash using one of the aforementioned exchanges.

XEC/USD price chart by TradingView