Leading digital money project eCash (XEC) has exploded +18% over the last 48-hours, as excitement for On-Chain staking upgrade grows amongst the eCash army – but is it too late to buy eCash?
The impressive pump comes amid a flurry of activity for eCash, which has seen on-chain trading volumes surge +1,455% over the past 24-hours according to data from CMC.
As a prominent Bitcoin fork project; a reincarnation of Bitcoin Cash ABC, XEC is making waves with the promise of being the first Bitcoin-linked project to offer On-Chain staking rewards.
And this excitement is at a time of heightened interest in Bitcoin and derivative projects such as Stacks (STX) which has also seen an explosive +2.15% move over the past 24-hours, and the Bitcoin BSC presale which exploded past $3m earlier today.
XEC Price Analysis: Is it Too Late to Buy eCash Amid Price Pump?
With price action pushing up, eCash is currently trading at a market price of $0.00002651 (representing a 24-hour change of +4.74%).
This comes following the sensational +18% move, which was triggered by a significant influx of trading volume stemming from increased promotion of the upcoming on-chain staking rewards on Crypto Twitter.
XEC’s 200DMA put the brakes on the upside move at the $0.0000275 price level – which now forms a key level of local resistance to crack.
However, with price action smashing through a 65-day long ceiling of resistance from the 20DMA to establish firm under-footing – technical structure appears to be strengthening.
With price now primed for a run at the 200DMA, XEC’s RSI indicator has heated-up substantially, shifting to an over-bought signal at 61.44.
Such a high reading on the RSI represents bearish divergence, and could suggest that a further retracement or a prolonged period of consolidation is on the cards.
Yet, the MACD contrasts this flipping to minor bullish divergence at 0.000000046.
Overall, with strong fundamentals stemming from the upcoming roadmap, the surge in XEC volume has seen eCash technical structure strengthen – poised for a run at the 200DMA – but awaiting an RSI cool-down.
This leaves XEC with an upside target at $0.000033 (representing a potential +26.38%)
While downside risk could see XEC tumble back to the 20DMA down at $0.0000235 (a likely -10.27%).
eCash therefore carries a risk: reward ratio of 2.57 – a good entry, and certainly not too late to buy XEC.
However, while bag-holders speculate, on-chain traders are already scouring the market for alpha ahead of the next big pump using leading pro AI trading insights tool Launchpad XYZ.
Final Day to Gain Access to Pro AI Trading Insights Platform With 17% Bonus
There is less than a day left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.
Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.
At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.
The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.
Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.
With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.
Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.
As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.
Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.
Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.
Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.
For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter and Telegram to receive all of the latest updates and team news.
Buy LPX Here
.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Read the full article here
