So, can eCash’s native XEC token better its recent price surge between now and 2025? In this eCash price prediction, expert opinion and technical analysis agree that this is potentially very possible.
Just look at its price history: In 2021, XEC surged by over 1900% despite only being released in July 2021. Whilst the mainstream crypto chatter often centers around the likes of Bitcoin and Ethereum, eCash outperformed both of them this year.
“eCash is an electronic currency that will redefine wealth, economic freedom, and digital accessibility to people all over the world.”– Globe News Wire
News about eCash
- eCash: One Step Closer to Being the Best Digital Cash in the World
- Expert View: Eswar Prasad on future of e-Cash and Bitcoin’s challenges
The crypto sphere is defined by innovation and new ideas. Naturally, not all of these ideas and visions match. This results in a hard fork where one crypto project spawns from another and goes in its own direction. eCash is one of these projects.
Launched in July 2021, it is one of the newest cryptocurrencies on the scene. But despite its young age, it is already making waves in the crypto sphere. Particularly because of the recent price surge that saw it jump 1900%. Outperforming major digital currencies like Ethereum and Bitcoin.
Naturally, this left a plethora of prospective investors curious about whether getting involved in eCash now is a good idea. I was one of those people until I began to use a range of factors to research the future price of its native XEC coin such as:
- The future potential of the eCash platform
- How latest legislation can affect its price journey
- Prediction strategies and expert analysis
- New investors and innovative partnerships
By analyzing all of these factors, it’s not difficult to see that XEC Coin has a potentially promising future ahead. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months. Demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will the price rise even further? Our CEX coin price prediction aims to answer all. But first, let’s start with just what the native token actually is and how it works on the eCash Network.
What is eCash?
Originally, eCash was a part of the Bitcoin Cash blockchain. The latter is a hard fork of the original Bitcoin. At that time, eCash was referred to as Bitcoin Cash ABC (BCHA). From the same consensus model to a limited supply of 21 million tokens, BCHA shared many similar aspects with BTC.
However, when a disagreement was sparked between the developers of Bitcoin Cash ABC over block sizes and payment methods, both sides began to advocate different solutions. This led to an official split when both sides couldn’t agree with the payment method for Bitcoin Cash ABC tokens as well as a proposed 8% miners tax for every purchase.
Thus, eCash was born. Officially released in July 2021 with the ticket XEC, it was redenominated to 1:100000 with a total supply that is capped at 21 trillion coins. Despite its young age, it has a market cap of over $3 billion which has earned it a place among the world’s top 50 digital currencies.
To improve the quality of the eCash Network and make it more appealing to investors and provide real-world usage, eCash has undergone a range of upgrades. It has implemented a 1 TB block size for transactions on its network.
In the near future, the eCash network has made plans to shift to a Proof-of-Stake consensus layer called “Avalanche”. When complete, this will let XEC token holders stake their tokens in order to earn rewards in return.
As well as increasing transaction speeds, this shift will allow eCash to move to a Proof of Stake consensus and access the Defi ecosystem and the Ethereum Virtual Machine (EVM). By doing so, they will achieve interoperability with a vast range of Ethereum-based projects.
Pros and cons
Like many other cryptocurrency platforms, the eCash Network naturally has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of this hard fork of the Bitcoin Cash network.
|✔️ Low fees compared to competitors.||❌ Increased supply compared to the original BCHA.|
|✔️ Allows XEC token holders to have a say in the governance of eCash.|
|✔️ It boasts a native wallet that uses Sighash to improve security|
Frequently asked about XEC
Do you still have questions about XEC? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about it to give you a better understanding of the original digital asset and its price potential.
Has eCash secured any successful partnerships?
Despite being one of the youngest crypto projects on the scene, eCash has successfully been listed on major cryptocurrency exchanges from Binance to Okex. It has also been adopted as a fast and inexpensive payment option for up-and-coming social media networks such as Weownomy.
How does XEC gain value?
Like most cryptocurrencies, the value of the XEC coin is largely driven by speculation in its current state. Provided that an increasing number of applications decide to use stablecoins to deliver decentralized services, the eCash project will likely see a surge in growth and subsequently value.
Can XEC coin reach $1 per token?
Whilst it’s impossible to predict how high XEC could surge, if eCash successfully improves its scalability, usability, and extensibility of the project, it could lead to a big increase in mainstream acceptance as well as Partnerships and endorsements from leading digital brands. All of which could see the XEC surge in value to $1 or beyond.
Where do people buy, sell, and trade XEC?
You’ll be pleased to know that a number of leading crypto exchanges and brokers have added the innovative XEC coin to their list of offered crypto assets. But if you are a new investor, then we suggest using eToro when it comes to buying crypto. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
XEC Price History
As a relatively new digital currency, the price history of XEC is short. However, it is no less exciting than that of Bitcoin and Ethereum. It started its price journey at an opening price of $0.00002 and slowly began to grow before reaching $0.00008 by August.
But it was September that saw eCash’s best performance yet. The price of the XEC coin surged by around 1900% in value hit an all-time high of $0.0004 per token. This naturally resulted in some incredible returns on investment for those who got on board early enough.
Naturally, a price surge like this wasn’t sustainable. The price of eCash subsequently dropped. At the moment it is hovering between $0.0002 and $0.0003. Many believe that this is an incredible potential price for such a new digital coin.
Expert analysis of the eCash price potential
One of the best tools we can use to try and determine the potential future price of XEC coins is to analyze the opinions of various crypto experts. Let’s delve into some estimated growth outlooks for various industry experts and analysts.
High on Crypto
High on Crypto is a popular Youtube channel that recently released an eCash price prediction. Based on the project achieving its future goals and judging its price history, they predicted it could reach $0.5 between now and 2025.
The rapidly growing crypto Youtuber Kaching King recently predicted that eCash has the potential to explode in price, beat its ATH, and earn a place amongst the top 10 cryptocurrencies on the market.
So, the overall expert analysis on the future price of eCash is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the eCash price potential
Now we move on to technical analysis to try and predict the future price of the XEC coin. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
eCash price prediction 2022 – 2023
It’s predicted that by the end of the year 2022, the price of eCash’s native XEC token could reach a potential price of between $0.00016785 and $0.00020147.
eCash coin price prediction 2023 – 2024
After possibly starting the year at over $0.00020147 it’s predicted that by the end of 2023, the price of eCash’s native coin could reach a potential price of between $0.00023663 and $0.00029605.
eCash coin price prediction 2024 – 2025
It’s predicted that by the end of 2024 and the start of 2025, the price of the XEC coin could reach its highest levels yet. The technical analysis predicts it to reach a potential price of between $0.00035115 and $0.00041156.
In summary, eCash and its native XEC coin have seen tremendous growth in their short existence. As a result, its future looks very promising. When it moves to a proof of stake consensus, it’s thought that the value could potentially surge to new levels.
In addition, it’s expected that eCash could successfully gain mainstream acceptance in the wake of partnerships and endorsements stemming from improved scalability, usability, and extensibility of the project.
And last but not least, the phenomenal price history that saw it surge by 1900% has shown us the price potential of eCash. Many believe that the subsequent price drop has left a fantastic chance for new investors to buy the dip and get involved with eCash.
Whilst many people can see the significant potential in eCash and its native XEC coin, there is a significant number of people who are wondering where to invest in cryptocurrency projects like his for the long term. For beginners, the answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy XEC?
eCash’s XEC coin is available to buy and trade on a number of exchanges such as Binance. But such exchanges often require in-depth knowledge to buy, sell, and trade as well as keep your investments safe from hackers.
For beginners looking to invest in crypto projects like eCash, a broker like eToro is your best bet. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on XEC. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Like many cryptocurrencies, the price of eCash is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of XEC coins and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.