eCash – The future of money 

Related Topics

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

eCash has been around the market for a while although not many know it by its original name. The cryptocurrency was originally launched as a hard fork of Bitcoin Cash – which in itself was a fork of Bitcoin. Initially, eCash was known as Bitcoin Cash ABC; however, disagreements between the development team led to the creation of eCash. It was officially launched with its new name in 2021. Since then, the cryptocurrency has garnered a lot of interest. 

Immediately after its launch, the XEC token was operating at a price level of $0.000025 but skyrocketed as the market was in a bull run. The token established its all-time high at $0.0003 and currently stands at $0.00019. The performance of the token has been phenomenal which resulted in it ending up in investors’ lists. Currently, it stands at a market rank of #48 – which is a phenomenal feat achieved by the cryptocurrency. 

What is eCash? 

eCash is working towards the goal Bitcoin was launched for. It is designed to become the mode of transaction for digital finance ecosystem. The goal of the network is to create a digital currency accessible to the masses with a focus on ease of use. The eCash network is aiming to redefine wealth through its technology and mantra. The economics behind the cryptocurrency is based on centuries of knowledge by leading economists like Milton Friedman. 

The revamp in 2021 resulted in various upgrades for the token to improve the network. The network is also planned to be shifted towards the better Proof-of-Stake consensus mechanism called Avalanche. Avalanche will further incentivize the community by allowing them to earn rewards through staking. The upgrade will increase the speed and security of the network while making it compatible with Ethereum’s Virtual Machine – on the road towards interoperability. 

Future outlook 

The Avalanche upgrade will bring features that have never been seen before in a Bitcoin project. This means the project will be combining the power of Bitcoin with Ethereum. The ambitious plans of the network give it a bullish future outlook. Moreover, it also has a solid foundation as Bitcoin Cash ABC. 

According to the estimates of Wallet Investor, the cryptocurrency is expected to operate at a price level of $0.0011 in a year’s time while the five-year projection places the token at $0.0048. Digital Coin Price predicts a price of $0.00028 by the end of the year while their estimates suggest a price of $0.00066 by the end of 2026. 

Leave a Comment

Your email address will not be published. Required fields are marked *

Don’t Fall Behind

SOCIAL LINKS

Latest Posts

Don’t Fall Behind

Each one contains a weekly recap of the cryptocurrency market, top gainers and losers, new all time high achievers, key ICOs and Hottest Airdrops. Plus, you can expect to find one or two other topics in there as well as lots more data to keep things interesting.
 

Sign up today for our free weekly newsletter!

100% free. stop anytime no spam