eCash (XEC) Hits Self Reported Market Cap of $649.89 Million

eCash (XEC) traded down 12.4% against the US dollar during the twenty-four hour period ending at 8:00 AM ET on December 20th. eCash has a market cap of $649.89 million and approximately $63.33 million worth of eCash was traded on exchanges in the last 24 hours. In the last seven days, eCash has traded 26.4% lower against the US dollar. One eCash coin can currently be bought for approximately $0.0000 or 0.00000000 BTC on major exchanges.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded down 8% against the dollar and now trades at $93,843.49 or 1.00000000 BTC.
• Bitcoin Cash (BCH) traded 15.1% lower against the dollar and now trades at $409.40 or 0.00436255 BTC.
• Arweave (AR) traded 13.5% lower against the dollar and now trades at $15.52 or 0.00016540 BTC.
• Bitcoin SV (BSV) traded 12.4% lower against the dollar and now trades at $50.26 or 0.00053561 BTC.
• Syscoin (SYS) traded 12.8% lower against the dollar and now trades at $0.0997 or 0.00000106 BTC.

About eCash

eCash is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. It was first traded on July 1st, 2021. eCash’s total supply is 19,800,085,922,584 coins and its circulating supply is 19,800,079,672,584 coins. The Reddit community for eCash is https://reddit.com/r/ecash and the currency’s Github account can be viewed here. The official website for eCash is e.cash. eCash’s official Twitter account is @ecashofficial and its Facebook page is accessible here.

According to CryptoCompare, “eCash (XEC) aims to deliver scaling solutions and introduce features like staking and subchains while maintaining the core technology of Bitcoin. XEC tokens are used for minting custom tokens, paying transaction fees, and participating in governance. eCash has protocol upgrades twice a year, and it was rebranded from Bitcoin Cash ABC to eCash in July 2021.”

Buying and Selling eCash

It is usually not presently possible to buy alternative cryptocurrencies such as eCash directly using U.S. dollars. Investors seeking to acquire eCash should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy eCash using one of the exchanges listed above.

XEC/USD price chart by TradingView