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Why eCash Is Soaring Today

TheMotleyFool

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eCash (CRYPTO:XEC) was up 12.77% on high volume in the past 24 hours to $0.0002617 per token as of noon EDT on Tuesday. The coin is now the 31st largest cryptocurrency globally, with a market cap of $4.949 billion.

It was previously known as Bitcoin Cash ABC (BCHA) and was created out of a hard fork of Bitcoin Cash (CRYPTO: BCH) last year, which is in itself a hard fork of the Bitcoin (CRYPTO: BTC) network. On Sept. 28, developers rebranded the coin into eCash with a redenomination of 1 million XEC per 1 BCHA.

Image source: Getty Images.

Source Fool.com

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