Last week ended in the middle of a price rally that saw XEC and BCHA set all time highs. This week started with the continuation of that rally followed by the market cooling to set yet another record breaking price following more positive news. Let’s look back and go over this week's eCash news, day by day.
eCash For Beginners Part 3
After a Sunday filled with market action, Monday August 30th saw the publication of yet another excellent blog by CainBCHA “eCash For Beginners Part 3 -The Rise and Fall of Bitcoin Cash” where he digs into the cultural problems and lack of focus on the right things that lead to the split and the birth of the eCash chain. An interesting read to see the past through his eyes, learn about what went wrong and lead to a split. Looking at the past can hold valuable lessons as to what to do and what to not repeat.
Instant Exchange StealthEX.io Lists eCash (XEC)
Later that day Exchange StealthEX announced on twitter they had added an option to exchange XEC against their other listed coins on their easy account free platform. In their tweet they complimented the Bitcoin ABC dev team by saying that with eCash (XEC) “The team has taken their work to a whole new level 🤩👏”
CoinEx exchange Adds XEC/USDT Margin Pair
Customers of the eCash friendly exchange CoinEx.com were this Sunday August 30th notified by email that XEC/USDT was added to the platform’s list of 3X USDT margin pairs. With it the trading options are becoming more diverse and complete.
Bitfinex Enables Deposits and Withdrawals
On Monday August 31 customers of Bitfinex exchange that held XEC finally saw their patience rewarded when the exchange opened the wallets for deposits and withdrawals. The following day the exchange announced the rebrand completion including the opening of wallets with a tweet.
Crypto Bubbles website rebrands from BCHA to XEC
Also on the 31st Crypto visualization tool Crypto Bubbles stepped up to rebrand from BCHA to XEC when community members CainBCHA and Hiecho made them aware they were still using the old branding. Well done Crypto Bubbles team for responding so quickly and allowing XEC holders to see their coin correctly when it was leading the week's largest gainers view on your site when the price went to new record heights this week. And well done to the community members who respectfully helped them see and and correct the issue.
eCash Development Team Expanding: “We are Hiring!”
Following a tweet by the official eCash twitter account, eCash NEWS Today published an article on September 1st detailing the job opportunities in the Bitcoin ABC team. The article explains how these job openings reveil the work the Bitcoin ABC team is planning to do and what is in store for users of the very promising project. With the rising price the funds now look to be in place for the team to start hiring the best in the business and talented experienced devs from all over the world may soon join the Bitcoin ABC team to start to speed up all the work that needs to take place as it continues to work towards a journey to the moon.
eCashOfficial Twitter account reaches 10,000 followers
With its first tweet on July 1, the ecashoffical twitter account following has seen organic accelerating growth over a 2 months period. It took 36 days for the following to grow to 2000 twitter accounts. From 2000 to 5000 only took 16 days and only 10 days later, on September 1st, follower number 10,000 was registered on the also increasingly active eCash twitter account.
Bithumb exchange resumes XEC deposits and withdrawals
Following the earlier rebranding and opening of XEC trading, Korea based exchange Bithumb announced the resumption of XEC deposits and withdrawals on September 2nd. The announcement was immediately followed by an increased demand for the XEC coin resulting in the price rising.
POW56: Keeping Your eCash Safe
With the value of XEC rising and more and more exchanges enabling withdrawals, the subject of how to store those eCash (XEC) coins securely becomes more and more important. On September 2nd CainBCHA published a great article detailing what options there are for people, the advantages and disadvantages of exchange wallets, hot wallets, cold storage and more. In short, a must read for all that hold XEC!!
XEC Top Gainer on Binance Exchange
As a result of yet another price rally that started with the Bithumb announcement, XEC was seen to be top gainer on the Binance exchange markets page. The picture showing a very impressive price gain of 41.01% was tweeted out by eCashOfficial in the very early morning of September 3rd.
Binance Exchange Announces Adding XEC/USDT Trading Pair
Around that same time, Binance tweeted the news many had been hoping for. Next to the existing XEC/BUSD trading pair, the popular exchange announced the opening of a XEC/USDT trading pair. The news was received very well by the crypto markets and the already rising price of XEC was pushed to record heights in the following hours.
Coinex.com Opens XEC/USDT Perpetual Contracts
Later on September 3rd, Coinex customers were notified of the addition of XEC/USDT perpetual contracts on the popular exchange. These high risk contract possibilities come with detailed risk warnings and video material for the newer speculator. The more experienced risk seeking crypto trader will welcome these additions to XEC trading.
eCash (XEC) Reaches the Leader Boards Again
The end of September 3rd saw XEC leading the top gainer list on Coinex Exchange with a whopping 24 hour price increase of 66.70% reveals the picture posted by the eCashOfficial twitter account. Yet another record for the increasingly popular coin.
eCash Contest / Giveaway Update
With all the market and trading action that keeps people busy these days, it is easy to forget the eCash content contest eCash News first reported on on August 13th. With the price of XEC having risen sharply since it was first announced, the daily prize of 1 million XEC is becoming more and more attractive. The addition of the 3 grand prizes of respectively 25, 15 and 10 million XEC for the best of the 100 daily winners is at current price a very good reason for people to create and build things that add value to the eCash community and ecosystem. And it is anyone's guess what those grand prizes will be worth by the time the winners are announced.
For now let’s take a look at the 7 winners of this past week. First prize of the week was awarded to Joel Valenzuela for the fantastic interview with eCash’s lead developer, Amaury Sechet that was published on Odyssee and YouTube. A very deserved winner and a must watch for all interested in eCash (XEC). The following 6 daily prizes were awarded to Filipino group community leader Avie for a informative meme, a picture that captures the spirit of eCash by Oka Madestra, a bold picture by @joao56748671 that turned out to be somewhat controversial, a lovely picture titled “relax” by @ilhamaditya710 who also won the next day with a picture that was used by Cain himself for an article The last prize of the week went to @wangmiaoae for his 3D images that hide. Congratulations to all the winners. We are looking forward to reporting on 7 more winners next week. Good luck.
Total prize money: 150 million XEC
Awarded to date: 25 million XEC
Still to be awarded:
75 million XEC in daily prizes and 50 million XEC in grand prizes
This Weeks Market Action
This week was again filled with record breaking price action that brought a lot of attention to the ambitious crypto currency. It started on Sunday August 29 with an opening price of $158.42 (BCHA) and $0.00015708 (XEC). The price kept rising that day to hit a high of $202.00 (BCHA) $0.0002049 (XEC) and even higher on some exchanges where wallets were not open for deposits and withdrawals which prevented arbitrage leveling the price effectively. Halfway through Sunday the market cooled down and the price retraced to a level close to where it had started that day.
The next few days it saw little movement until the announcement by Bithumb on September 2nd which was followed by the price rising and the subsequent announcement by Binance early in the morning of September 3rd which resulted in an all time high breaking rally that had its peak the afternoon of Sunday September 4 reaching around $380 (BCHA) and $0.00038 (XEC). Markets started cooling down towards the end of this day as the week closed with BCHA at $335.96 and XEC at $0.00033265.