Is eCash (XEC) a Good Investment?

eCash could be a good crypto asset, especially if you wish to do more with your cryptocurrencies, such as using them for making payments, earning passive income, etc. The XEC crypto is a convenient cryptocurrency for sending and receiving payments. It is used as a payment method when purchasing goods and services, making it an attractive digital asset to invest in. You can also consider buying XEC if you wish to stake your cryptos and generate passive income from them. As a PoS network, eCash lets you stake $XEC to help secure its decentralized network, allowing you to earn rewards and grow your crypto portfolio. The XEC price could register an uptrend as eCash partners with more businesses and organizations to be recognized as a payment method. This would increase the demand for the token and support the price of eCash crypto.

What Is the eCash Crypto Price Prediction?

While it is impossible to make an accurate XEC price prediction, you could monitor the following key factors that contribute to volatility and price action in the eCash token: Level of Usage As more crypto-savvy consumers use eCash crypto as a payment method and for sending and receiving payments, we could see an uptick in demand for this digital asset. This, in turn, could increase the eCash price and market cap. Announcement of New Partnerships Whenever BCHA developers announce new partnerships for eCash that could increase its use as a payment option, investor confidence could receive a boost. This factor could also increase investor interest in buying and trading eCash, supporting the XEC price statistics. Market Sentiment Market sentiment plays a vital role in determining trends in the crypto market. A bullish sentiment or risk-on mood among investors encourages buying activity in the market and sends more investors to buy and hold eCash, increasing the eCash price. Meanwhile, a bearish or risk-off sentiment could cause sell-offs in the market that could weaken the price of XEC.

What Is XEC Token Used For?

XEC is the ticker symbol of the eCash cryptocurrency. It is used for the following purposes: Digital Currency You can send and receive payments and buy goods and services with XEC tokens. The eCash token can also be used to make small payments, as denoted by Bits, making it far more convenient for a digital currency to use than Bitcoin. Staking As a PoS network, you can stake $XEC on eCash to contribute towards securing the network. eCash supports Avalanche staking, so you can conveniently stake your holdings on the network and earn passive income. Governance Token As a token holder, you can also participate in the decentralized governance mechanism of the eCash ecosystem. Submit proposals and vote on others’ proposals to contribute to future upgrades and developments of the eCash blockchain. Crypto Asset to Trade and HODL Trade eCash against other cryptocurrencies to make the most of volatility and changing market conditions. Buy or sell XEC against other digital assets on platforms like KuCoin, or hold it long-term if you believe in the potential of the eCash project.

The XEC price remains well under the $1 mark as of January 2023, and it could be challenging for eCash to cross this fundamental level. This is primarily because of the extremely high max supply and circulating supply of the XEC token. The eCash total supply stands at over 19,270,000,000,000, while the max supply is fixed at 21,000,000,000,000. Although the developers have set a low inflation rate for the token, the high supply of the coin makes it impossible for its price to rise too high. The BCHA developers have also kept the XEC price low to make the cryptocurrency more accessible and usable by smaller retail investors in the crypto market. Its affordability makes it a more attractive crypto to buy and transact with than other leading cryptos, especially Bitcoin.

What Is the Difference Between eCash and Bitcoin ABC?

eCash is a cryptocurrency, while Bitcoin ABC is a software businesses can use to interact with and maintain the eCash network. Bitcoin ABC is a full node implementation of the eCash protocol and provides the software and infrastructure to make eCash usable. Bitcoin ABC is also involved in independently developing and maintaining the eCash protocol’s Avalanche consensus algorithm code. The Bitcoin ABC full node development team is led by Amaury Séchet, who was initially involved in the hard fork of Bitcoin Cash from the Bitcoin network in 2017.

How to Buy eCash (XEC)

Price of eCash (24h)$0.000055629231111

-0.25%

Real-Time XEC Rate Converter

Interested in buying eCash (XEC) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy eCash (XEC) instantly wherever you are! Check out all the ways you can buy XEC on KuCoin.

Buy eCash (XEC) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy eCash (XEC)

Use a variety of payment options to buy eCash on KuCoin. We'll show you how.

Choose How You Want to Buy eCash on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying eCash (XEC).

Buy eCash (XEC) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy eCash (XEC). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired eCash (XEC) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for eCash (XEC).

Tip: KuCoin offers a variety of order types to buy eCash (XEC) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available eCash (XEC) in your Trading Account.

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How to Store eCash (XEC)

The best way to store eCash (XEC) varies based on your needs and preferences. Review the pros and cons to find the best method of storing eCash (XEC).

Store eCash in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your eCash in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your eCash (XEC) to a non-custodial wallet. Storing eCash (XEC) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your eCash (XEC) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your eCash (XEC).

What Can You Do with eCash (XEC) on KuCoin?

Hold

Store your eCash (XEC) in your KuCoin account.

Trade

Trade eCash (XEC) in the spot and futures markets.

Earn

Earn passive income by staking or lending eCash (XEC).

Why Is KuCoin the Best Platform to Buy eCash (XEC)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy eCash and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying eCash (XEC) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain XEC in an instant when you buy on KuCoin.

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FAQ

What is the THORChain (RUNE) Price Prediction?

Although it is impossible to make an accurate THORChain price prediction over any duration, the protocol has solid fundamentals that suggest a future pick-up in the RUNE price. As of August 2022, the THORChain price remains well below its all-time high of above $21.

Based on its price performance, the THORChain price forecast suggests an uptick towards reclaiming the ATH level backed by supporting fundamentals. Integration with more blockchains to increase its cross-chain liquidity ecosystem’s scope could power an uptrend in the THORChain price in the future.

In addition, higher adoption of its technology could also power bullish moves in the RUNE price and increase the value of THORChain crypto as a good investment opportunity. The current price of THORChain and market cap could also head higher amid generally positive sentiment in the crypto market.

As the price of Bitcoin and Ethereum tick higher, investor confidence in digital assets could pick up. This could encourage more buying activity in THORChain and propel the RUNE price upwards, making it an exciting crypto asset to invest in.

What is RUNE Token Used For?

The RUNE token is the native digital asset of THORChain and powers the network. It has several applications, including:

Liquidity Token

The RUNE crypto is locked in THORChain liquidity pools with external crypto assets in a 50:50 ratio. As the value of the crypto assets locked in liquidity pools fluctuates, the RUNE in the pool will also vary through arbitrage.

Security Token

The THORChain uses a proof of bond consensus mechanism. Each THORNode bonds a specific number of RUNE within the network, which is then used to underwrite assets in the liquidity pools. The bonded RUNE is also used to penalize any misbehaving THORChain nodes to ensure network security.

Governance Token

RUNE token holders enjoy priority in listing new assets in a liquidity pool. THORNodes can also vote on changing network parameters within the THORChain ecosystem using a node-mimir mechanism.

Incentive Token

As the native cryptocurrency of the THORChain network, the RUNE token is used to pay transaction fees by users. Token swaps on the ecosystem are charged network fees and slip-based fees in RUNE crypto.

Crypto Asset to Trade and HODL

THORChain (RUNE) is one of the most popular cryptocurrencies listed and traded on exchanges. To maximize your portfolio value, you can buy or sell THORChain against other cryptocurrencies, stablecoins, and even fiat currencies.

You also have the option to HODL RUNE long-term if you believe in the future potential of the THORChain protocol. Review the current THORChain price, RUNE live market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the RUNE price chart before you trade THORChain.

Earn Passive Income

You can also invest in RUNE as a way to grow your crypto portfolio in a safe and risk-free manner. Use the KuCoin Crypto Lending feature to lend liquidity for RUNE to our platform. Earn exciting daily interest over seven days, 14 days, or 28 days, for your contribution and grow your RUNE holdings by putting your crypto to work.

How Many RUNE Tokens Are There?

The RUNE crypto has a max supply fixed at 500 million by the THORChain developers. As of August 2022, the circulating supply of the THORChain token stands at over 330 million.

During the THORChain IDO in July 2019, the project developers allotted 10% of the token’s total supply to themselves and locked them till the mainnet launch. 20% of these tokens have been unlocked every month since then.

Most of the allocated tokens were sold to raise funds for developing the THORChain protocol. At the time of writing, the team of developers behind the project owns less than 1% of the max supply of RUNE crypto.

How to Stake RUNE Via THORSwap

You can stake RUNE by becoming a liquidity provider on THORSwap (formerly BEPSwap) to earn attractive APYs and grow your crypto holdings. Here’s how to become one of many THORChain liquidity providers:

1. Open the THORSwap app and connect your digital wallet to it. Ensure your wallet is funded with sufficient RUNE for staking by buying RUNE on KuCoin or other supported platforms and transferring your tokens into the wallet.

2. Click on the Deposit option on the left side of the page and select the RUNE pool from the list of options.

3. Click on the “Add” button on the top right corner of the page that opens next.

4. Enter the number of RUNE coins you wish to stake or deposit into the liquidity pool. As you contribute to a liquidity pool, you also need to enter the number of tokens of the other crypto asset in the pair.

5. Confirm the transaction through your wallet after verifying all details.

6. Sit back and earn rewards in RUNE for providing liquidity to THORSwap.

eCash (XEC) Price Analysis

Live Price

The live price of XEC is 0.00005485 USD, representing an increase of 6.34% in the past 7 days and -0.25% decrease in the past 24 hours.

Historical Trends

The all-time high of XEC was 0.00059259 USD on 11-10, 2021, from which the coin is now down -90.74%.
The all-time low of XEC was 0.0000173 USD, from which the coin is now up 68.46%.

ATL$ 0.0000173

ATH$ 0.00059259

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Disclaimer

Given the nature of the crypto market, the price of eCash (XEC) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.