Despite bitcoin’s growth, several cryptocurrencies dropped significantly yesterday

The cryptocurrency market demonstrated high volatility over the past day, with 2 digital assets from the top 100 losing more than 5% of their value. The leader of the anti-rating was the eCash cryptocurrency (XEC), whose quotes fell by 9.6% during the reporting period.

As of the time of writing, XEC’s market capitalization is estimated at $ 605 million. The token is ranked 77th in the top list. However, eCash quotes are still 35.8% higher than 7 days ago.

Interestingly, as of late June and early 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. The 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.

Another cryptocurrency that fell in price was Bitcoin SV (BSV). Over the past 24 hours, the token has lost 5.7%, currently trading at $ 42.9. The market capitalization of BSV is $ 828 million, which put the digital asset at 54th place in the top 100.

Bitcoin SV (Bitcoin Satoshi Vision) is a peer-to-peer payment system and the cryptocurrency of the same name. Bitcoin SV is a hard fork of Bitcoin Cash and is positioned by its creators as the «original» or «purest» type of Bitcoin (BTC).