Recently, eCash (XEC) has seen a surge in price, skyrocketing over 140% in just one week. The sudden spike in value occurred after eCash announced they’d be releasing their own blockchain for the future. The project was created by Apollon, Bitcoin exchange and ripple tracker that lets users track the price of various CryptoCurrencies , including XEC. They recently announced the upcoming release of a new blockchain based on Ethereum technology.
Following a month of steady growth, eCash (XEC) has been surging over the past week, pushing it from a current price of $0.05 to a price of $0.29—an increase of over 140%! The XEC/BTC pair has exploded over the past week, breaking a major support level and a week of relative quiet before a surge.
The XEC token has been skyrocketing in the past week, gaining over 140% since its price reached $0.10 on 1 June.. Read more about crypto.com coin news and let us know what you think.
In only one week, the price of eCash (XEC) has increased by almost 140 percent.
XEC is a new crypto that has been battle-tested over millennia of economic theory.
We are often astounded by the world of crypto assets. More often than not, it leaves us speechless in awe of how it works. Now it seems like we’ve returned to that stage. In only one week, the price of eCash (XEC) has increased by almost 140 percent.
At the time of writing, the price of eCash (XEC) was $0.0001769, with a 24-hour trading volume of $697,200,519, according to CoinMarketCap.
XEC is a revolutionary blockchain-based digital asset that has been fashioned from millennia of economic theory and over a decade of real-world experience. Furthermore, eCash is the realization of the tech-secured sound money that Milton Friedman and other monetary philosophers have envisioned.
Ascending Channel Pattern for eCash (XEC) (Source: TradingView)
The rising channel pattern of XEC may be seen in the price chart above. Two uptrend lines drawn above and below a price indicate resistance and support levels in an ascending channel pattern. The opposite of a descending channel pattern is an ascending channel pattern.
A strong buy signal is generated by a breakout over the top trend line. A break below the lower trend line signals a strong sell signal, while a break above the upper trend line signals a strong buy signal. Ascending channels often combine within an overall price decline and do not indicate a continuation or reversal of the trend.
If the bullish trend continues, the XEC may hit $0.0003 on the daily time frame chart. Otherwise, it will fall below $0.00008, the next support level. As a result, the XEC’s trend is predicated on the breakout. XEC has a bright future ahead of it, thanks to planned improvements and enhancements.