The cryptocurrency whose value increased by more than 20% per day is named

The eCash cryptocurrency (XEC) has become one of the most talked about in the cryptocurrency community in recent days. XEC quotes have been volatile, and the last 24 hours were no exception.

The value of the digital asset grew by 20.5% over the day, although yesterday we published information about the daily drop of eCash by 9.6%. Due to the rapid growth, the token managed to rise to 65th place in the top ranking.

Traders were highly active and provided trading volumes worth $ 87 million. This figure soared by 85.1% during the reporting period. At the same time, experts noted that XEC quotes are still 94% below the record high. 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.

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.

The situation on the global crypto market is positive — over the past 24 hours, the capitalization of the entire market has increased by 1.4% and reached $ 1.26 trillion. As for the sector’s flagship, bitcoin managed to grow by 1.9%, trading at $ 31,379. Ethereum added 1.5%, reaching $ 1953.