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eCash Price Prediction: Can Bitcoin Cash ABC Cryptocurrency Price Soar after Rebranding into eCash?

One of the BTC’s descendants, eCash has already proved itself to be not just a new trendy thing by climbing to the top-50 coins by market cap — and staying there for some time. After such an exciting start, though, what many people want to know is: is now a good time to invest in eCash? If you’re one of them, you might want to look at XEC price prediction — and after that, you will know just a little bit more.

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eCash Fundamental Analysis

Project name
eCash
Stock Symbol
XEC
Current Price
0.0000298
Current Supply
19238952146789.18
Official Website

ECash (XEC) is a cryptocurrency on the Bitcoin Cash ABC network — a result of a hard fork of Bitcoin Cash that occurred in 2020. The coin was initially called Bitcoin Cash ABC too (BCHA), but was redenominated 1:100000 and rebranded to eCash in July 2021. 

The history of the Bitcoin Cash ABC network is controversial. A few years before BCHA forked off BCH, BCH itself split away from Bitcoin Core, or just Bitcoin. This was caused by disagreements among the team and the community about the scalability of Bitcoin with its block size cap of 1 MB and usefulness as a payment method. As a result, Bitcoin Cash was made, with larger block size, therefore supporting higher transaction throughput. 

Bitcoin Cash ABC was split off later because its core developer group was in favor of imposing “miner tax”. 8% of each block’s coinbase (newly mined coins which normally go to the successful miner as a block reward) would be sent to the address belonging to the developers as an incentive to work on the protocol. This idea was not received well by the community, and BCHA forked off BCH with almost no hashpower.

After rebranding to eCash, the network also made plans to integrate the Proof-of-Stake consensus protocol to help speed up the transactions. Experts also note that there is a focus on EVM compatibility, which may mean plans for interoperability with Ethereum-based projects.

eCash Live Price Chart

ECash started slow, trading at around $0.00002 for the better part of July 2021. Later XEC price started going up and climbed throughout August towards $0.00006–$0.00008. In September, XEC experienced a price surge, reaching a high of almost $0.0004 on September 4. Although after this XEC went through a slight price correction, it’s been trading in the ~$0.0002–$0.0003 zone, which is still very good for this coin. This makes eCash price predictions very hopeful.

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eCash Technical Analysis

Despite the fact that 100% accurate technical analysis for eCash cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated XEC buy-and-sell rating for selected timeframe. The summary for XEC/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

eCash Price Prediction

Below we have collected the most reliable price projections for eCash (XEC) from popular forecast platforms.

eCash Price Prediction for 2022

As of eCash price predictions for the rest of 2022, there are divergent opinions. PricePrediction.net expects an upturn towards $0.000041, and WalletInvestor echoes with ~$0.000058 by the year’s end. Other experts, for example, from TradingBeast, are more pessimistic about eCash’s future price, citing numbers downwards of $0.000024 in December.
Potential ROI: 38% Buy

eCash Price Prediction for 2023

In their eCash price predictions for 2023, TradingBeast forecasts the coin’s price to go down to $0.000023 by December. Forecasting eCash future, WalletInvestor expects further decrease of its price, too, saying the eCash price will reach ~$0 by that time. On the contrary, PricePrediction.net keeps predicting eCash price growth, quoting prices around ~$0.000031 in 2023.
Potential ROI: -40% Sell

eCash Price Prediction for 2024

eCash price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0.000016–$0.000029 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.000053 in December 2024.
Potential ROI: 10% Buy

eCash Price Prediction for 2025

Both WalletInvestor and PricePrediction.net predict the eCash market to grow in 2025, resulting in $0.000041 and $0.000054 by the end of the year respectively. Other eCash price forecasts support the idea: TradingBeast forecasts eCash to reach $0.000044 by December 2025.
Potential ROI: 55% Buy

eCash Price Prediction for 2030

Most experts are expecting an encouraging future for eCash: long-term eCash price predictions promise significant growth by 2030. PricePrediction.net predicts the price to reach $0.000046, while WalletInvestor goes for $0.000058. TradingBeast also puts big hopes on eCash in the long term: its eCash prediction for 2030 is $0.000075.
Potential ROI: 100% Buy
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Summary

As it can be clear from the analysis cited above, eCash (XEC) projections are rather contradictory. There is no universal consensus either about positive or negative future XEC price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the eCash projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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