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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
0.000036989267
Current Supply
19102058396789.24
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 $0.000049, and TradingBeast echoes with ~$0.000065 by the year’s end. Other experts, for example, from WalletInvestor, are more pessimistic about eCash’s future price, citing numbers downwards of $0.000007 in December.
Potential ROI: 9% Buy

eCash Price Prediction for 2023

In their eCash price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.000072 by December. Forecasting eCash's future, TradingBeast expects further growth, too, saying the eCash price will reach ~$0.0001 by that time. On the contrary, WalletInvestor keeps predicting eCash price decline, quoting prices around ~$0.000008 in 2023.
Potential ROI: 62% Buy

eCash Price Prediction for 2024

eCash price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.0001–$0.000123 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.000007 in December 2024.
Potential ROI: 107% Buy

eCash Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 eCash price prediction, valuing eCash at $0.000138 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $0.000146 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their eCash price prediction for December of this year is just $0.000007.
Potential ROI: 162% Buy

eCash Price Prediction for 2030

Speaking of long-term eCash price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that eCash price will grow further and eventually reach $0.000199 by the end of the decade. PricePrediction.net’s price prediction for eCash echoes with the projection of an uptrend to $0.000953. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.000008.
Potential ROI: 945% 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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