eCash (XEC) Price Prediction 2023-2030: Will XEC Reach $0.0001 Soon?

• Bullish XEC’s price prediction ranges from $0.00007037 to $0.00007520.
• XEC’s price might also reach $0.0000800 this 2023.
• XEC’s bearish market price prediction for 2023 is $0.00001659.

eCash is one of the cryptocurrencies that hopes to become an “electronic cash” as a means to pay for goods and services without the interference of any central authority. Earlier, eCash (XEC) was known as Bitcoin Cash ABC (BCHA), however, by July 2021 it rebranded itself. Currently, eCash continues to differentiate itself from its past identity and continues to make its mark in the digital asset industry.

eCash hopes to provide control of the wealth back to the users, instead of depending on the central authority. eCash mentioned that giving control back to the users would promote freedom, privacy, and power. As eCash continues its mission for “financial freedom”, potential investors and the crypto community have noticed the altcoin and expressed their interest.

Before we analyze eCash’s price and determine its forecast for the years 2023,2024, 2025, 2026 up to 2050, let’s understand about eCash and the technological framework behind its operations. 

eCash(XEC) Market Overview 

What is eCash(XEC)?

Designed as an electronic message, eCash is a cryptocurrency, that allows users to send money directly to other people online and pay for goods and services. eCash was formed after a fork happened on November 2020 from Bitcoin Cash (BCH). Initially, eCash was known as Bitcoin Cash ABC (BCHA). However, it rebranded to eCash (XEC) and currently focuses on distinguishing itself from its past identity.

Breaking down the Core Tech, eCash utilizes a proof-of-stake (PoS) consensus layer called Avalanche, which allows instant transactions and enhances security. Moreover, eCash also provides various features such as governance, staking, and more. eCash explained that as part of the plan to build the “best money possible,” they would be implementing every feasible solution.

Furthermore, eCash stated that Avalanche staking will be a critical part of governance and user incentivization. When it comes to governance, eCash mentioned that ecosystem growth initiatives would be funded after receiving approval from the Global Network Council (GNC). Finally, eCash highlights that they could support tokens that could be created and traded by anyone.

Another key feature of eCash’s rebranding is to provide a lower unit price called bits and replace it with confusing decimal places. This feature was added to provide “higher bull market appreciation” and ensure the highest currency valuation. eCash also supports the CashFusion protocol, which offers anonymity while maintaining its supply cap. 

Latest News on eCash(XEC)

On May 10, Binance.US announced that XEC is now available for trading on its platform. This will allow deposits and withdrawals of eCash and start trading with electronic cash. eCash could be traded on the XEC/USD and XEC/USDT pairs, according to the announcement. Moreover, Binance.US also stated that XEC could be purchased with bank transfers, debit cards, or wire transfers.

In another related news, eCash announced that there are only “7 days left” before its network. Moreover, Bitcoin ABC states that all node operators are required to update to version “0.27.x” to remain in sync with the network. Some of the features in the network upgrade include consensus-enforced transaction version, removed chained transaction limits, and miner fund moved out of consensus rules.

eCash (XEC) Current Market Status

XEC is ranked in the 79 position based on its market capitalization, according to CoinMarketCap. The current circulating supply of the XEC network’s native token is 19,383,979,673,303 XEC, while its total supply is 19,383,979,673,303. 

Moreover, XEC is priced at $0.00002675, experiencing a 6.95% fall in seven days. With a market cap of $518,547,209, XEC also witnessed a 0.48% surge in 24 hours. Moreover, XEC is experiencing a fall in its demand as the trading volume, valued at $7,848,508, experienced a fall of 71.99%% in one day.

Some of the crypto exchanges for trading XEC are currently Binance, KuCoin, OKX, MEXC, and Gate.io. 

Now, let’s dive further and discuss the price analysis of XEC for 2023.

eCash (XEC) Price Analysis 2023

Will XEC’s demand continue to rise up with its new network upgrade and listing in various exchanges? Moreover, would the changes in the digital asset industry affect XEC’s sentiment over time? Read more to find out about XEC’s 2023 price analysis.

eCash (XEC) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

Looking at the charts, XEC started 2023 with an uptrend after experiencing a trend reversal. Whenever the bands expanded, XEC experienced high volatility in its market. Currently, the candlesticks are trading in the bottom half of the Bollinger Bands and have crossed the barriers of the lower bands, indicating that it has reached the oversold region. Traders can expect the price could experience a price correction soon.

Moreover, there is a high probability that the bands could expand after its recent formation. Similar to its previous behavior, expanding bands could result in high volatility, thus, XEC could experience a trend reversal. If XEC experiences a trend reversal, then, it could reach the top half of the Bollinger Bands, which is considered as the bullish market.

eCash (XEC) Price Analysis – Relative Strength Index 

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

The RSI is valued at 36.23, which is considered a weak trend as it is between 50 and 30. Before entering the weak trend, RSI reached the strong trend region. Currently, the RSI has crossed below the SMA and is pointed downwards. This indicates that XEC’s price could drop before it starts rising again. Earlier, when the RSI had dropped to the oversold region, it immediately went above the SMA, indicating that the uptrend has started. XEC could experience a similar trend soon if it follows its past behavior movements.

eCash (XEC) Price Analysis – Moving Averages

Before 2023, XEC was facing a bearish as it was trading below the 200MA and 50MA. However, with the start of 2023, the candlesticks started to climb above the 200MA indicating that the bullish season is here. After a few days, the MA indicators formed the death cross signaling a bearish trend. 

Currently, the candlesticks is trading below the MA indicators, indicating that XEC is still witnessing a downtrend. However, the gap between the indicators is quite narrow, which indicates that there is a high possibility for a trend reversal to happen soon. Once again, traders need to observe the price movement before confirming the trend.    

eCash (XEC) Price Analysis – Moving Average Convergence Divergence (MACD) 

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will simplify the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

Looking at the charts, MACD also confirms the bearish trend as the MACD line is below the signal line. Moreover, the red bars continue to grow, indicating that XEC would continue to remain under the bears’ rule for some time. However, XEC’s long-term position would be difficult to determine. There is a possibility that XEC could run with bulls after facing the bears’ claws. It would be best to confirm the trend before deciding to trade with XEC.

eCash (XEC) Price Prediction 2023-2030 Overview

eCash (XEC) Price Prediction 2023

The XEC/USDT chart shows that the candlesticks are trading below the 200MA, indicating that the altcoin facing a downtrend. The distance between the candlesticks and the MA indicator is narrow which could be considered a positive sign as XEC could experience a trend reversal of uptrend at any time. Moreover, the MACD line also shows that there is a short-term bearish period for XEC, however, traders must observe the indicators for any signs of an uptrend.

The ADX is valued at 15.55, indicating that there is weak strength for XEC’s trend. however, the ADX is pointed upwards, indicating that the trend may strengthen over time. When the trend strengthens then there is a high chance that XEC could start trading upwards. 

Meanwhile, XEC’s prediction continues to be bullish. The bullish price prediction for XEC is $0.00007037 – 0.00007520. Meanwhile, if XEC experiences an extremely bullish sentiment, then, the altcoin could reach $0.0000800 in 2023. However, the bearish price prediction for XEC is $0.00001659 – $0.00002061.

eCash (XEC) Price Prediction – Resistance and Support Levels

Looking at the chart, the candlesticks are currently trading in between the Resistance 1 and Support. Moreover, If the candlesticks break through Resistance 1 at $0.00007953, there is a high possibility it could trade in between the Resistance 1 and Resistance 2. If it reaches the Resistance 6 region, there is a high possibility that XEC could start trading to create new all time highs for the next upcoming years.

eCash (XEC) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. Alike altcoins, meme coins could also experience a massive surge this year. XEC could also be affected by Bitcoin halving and could trade beyond the price of $0.00009807 by the end of 2024.

eCash (XEC) Price Prediction 2025

XEC could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, XEC would continue to rise in 2025 forming new resistance levels. It is expected that XEC would trade beyond the $0.0001143 level.

eCash (XEC) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, XEC could tumble into its support region of $0.0001123. Moreover, when XEC remains in the oversold region, there could be a price correction soon. XEC, by the end of 2026, could be trading beyond the $0.0001343 resistance level after experiencing the price correction.

eCash (XEC) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. XEC is expected to rise after its slumber in the bear season. Moreover, XEC could even break more resistance levels as it continues to recover from the bearish run. Therefore, XEC is expected to trade at $0.0001685 by the end of 2027.

eCash (XEC) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, XEC will continue to form new higher highs and is expected to move in an upward trajectory. Hence, XEC would be trading at $0.0001872 after experiencing a massive surge by the end of 2028. 

eCash (XEC) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, XEC could be trading at $0.0002149 by the end of 2029.

eCash (XEC) Price Prediction 2030

After witnessing a bullish run in the market, XEC and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, XEC could be trading at $0.0002487.

eCash (XEC) Price Prediction 2040

The long-term forecast for XEC indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, XEC may face a slight fall before starting its upward journey once again. It is expected that the price of XEC could reach $0.0005437 by 2040.

eCash (XEC) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, XEC could surpass the resistance level of $0.0008637.  

Conclusion

To summarize, if investors continue to show interest in XEC and add these tokens to their portfolio, then, it could continue to rise up as time passes. XEC’s bullish price prediction shows that it could pass beyond the $0.00007520 level. Moreover, XEC could surpass the $0.0008637 level by the end of 2050. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

More Crypto Price Predictions:

• Aave (AAVE) Price Prediction 2023-2030
• Maker (MKR) Price Prediction 2023-2030
• Huobi Token (HT) Price Prediction 2023-2030
• Synthetix (SNX) Price Prediction 2023-2030