The cryptocurrency that grew by 60% per day is named

! Not financial advice — ed.

Cryptocurrency eCash (XEC) unexpectedly showed significant growth overnight — the coin rose by 60% According to the analytical tracker CoinMarketCap, at the time of writing, the asset is worth $ 0.354. The coin’s market capitalization amounted to $ 741.1 million, and daily trading transactions exceeded $ 127.1 million.

Cryptocurrency analysts predict that XEC will break through to $ 0.4. It will be possible tomorrow, July 4, if the global bullish momentum in the crypto market continues.

Technical analysis of the price chart shows that eCash is forming a positive price trend. In addition, over the past month, XEC has had 17 days of favorable price movements (57% of the time), which also confirms the token’s prospects, according to experts.

The eCash network operates on the Proof-of-Stake blockchain. Crypto enthusiasts attribute the growth of the coin to the upcoming network updates. Thus, blockchain developers plan to reach a speed of 5 million transactions per second. Currently, eCash supports only 100 transactions per second. To achieve the goals, the developers intend to create an easily scalable infrastructure and implement the QUIC network protocol.

As of the end of June and beginning of July, cryptocurrency analysts have been recording bullish sentiment around eCash (XEC), with investors optimistic about the future of the crypto asset.

As a reminder, Compound (COMP) was recognized as the most profitable cryptocurrency of the past seven days. The rate of the virtual coin has soared by 79.05%, and the asset is available for purchase at $ 65.07. In general, the cryptocurrency market capitalization increased by 1.08% to $ 1.21 trillion.