Can XEC Sustain The Recent  Price Hike?

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 “Avalanche” 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. 

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. 

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.  

eCash Price Prediction 2023

The volume analysis shows that XEC has a 24-hour trading volume of $42.018 Million with a rise of 24.53% when compared to the last day. The live market cap of eCash is $601.01 Million and ranks 82nd among the top cryptos. The volume-to-market cap ratio is 6.97%; indicating mild volatility in the market. 

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. 

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.  

eCash Price Prediction 2025

The most optimistic analyst forecast for eCash crypto expects the price to reach a high of $0.0000781 with a potential gain of 156.47% from the CMP. The minimum forecasted price by the end of 2025 is $0.00004917. The average predicted price till 2025 is $0.00006109. 

eCash Price Prediction 2026

The XEC price may reach a high of $0.00009841 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.00008153 by 2026. 

eCash Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts estimates the XEC price to reach a high of $0.0001241. The minimum price target of analysts is $0.0009739 by 2027. 

eCash Price Prediction 2028

Till 2028, the overall crypto market may see more exposure and evolve more. On the most optimistic side,  XEC crypto price may reach a high of $0.0001815. However, the pessimistic view of analysts expects the price to reach $0.0001295. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.