{"id":7553,"date":"2022-08-29T11:18:35","date_gmt":"2022-08-29T11:18:35","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/29\/xec-rallies-by-more-than-30-after-the-avalanche-post-consensus-support\/"},"modified":"2022-08-29T11:18:35","modified_gmt":"2022-08-29T11:18:35","slug":"xec-rallies-by-more-than-30-after-the-avalanche-post-consensus-support","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/29\/xec-rallies-by-more-than-30-after-the-avalanche-post-consensus-support\/","title":{"rendered":"XEC rallies by more than 30% after the Avalanche Post-Consensus support"},"content":{"rendered":"

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The cryptocurrency market has carried out poorly thus far at this time, however XEC is the greatest performer amongst the prime 100 cryptocurrencies.\u00a0<\/strong><\/p>\n

<<\/p>\n

XEC, the native token of the eCash ecosystem, is the greatest performer amongst the prime 100 cryptocurrencies at this time. The coin has rallied by more than 30% over the final 24 hours, outperforming the broader market in the course of.\u00a0<\/p>\n

The broader cryptocurrency market has been underperforming in the final two weeks. The market has misplaced more than 1% of its worth thus far at this time, with the complete market cap now beneath the $1 trillion mark as soon as once more.<\/p>\n

Bitcoin has dropped beneath $20k for the first time this month. At press time, BTC is buying and selling at $19,813, down by more than 1% thus far at this time. Ether has additionally misplaced its support above the $1,500 stage and is now buying and selling at $1,449 per coin.<\/p>\n

XEC\u2019s rally comes after the improvement group\u00a0announced<\/u><\/a> that the Avalanche Post-Consensus would go dwell on the eCash Mainnet on Sept 14th.<\/p>\n

According to the group, Post-Consensus brings 51% assault prevention which will increase the safety of the community considerably, bringing it on par with main Proof-of-Work chains. It additionally brings 1-block finality to eCash, which opens the door for exchanges to allow 1 affirmation deposit.<\/p>\n

Key ranges to observe<\/h2>\n

The XEC\/USDT 4-hour chart is extraordinarily bullish as eCash is performing excellently amidst a bearish run from the broader market.<\/p>\n

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The MACD line jumped into the constructive zone on Sunday and continues to stay inside that territory, indicating bullish momentum. The 14-day RSI of 74 exhibits that XEC may enter the overbought area if the rally continues.<\/p>\n

At press time, XEC is buying and selling at $0.00004883 per coin. If the constructive rally is maintained, XEC may surge previous the $0.00005357 resistance stage earlier than the finish of the day.\u00a0<\/p>\n

However, the second main resistance stage at $0.00006362 ought to show troublesome for XEC except it will get support from the broader cryptocurrency market.\u00a0<\/p>\n<\/div>\n

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[ad_1] The cryptocurrency market has carried out poorly thus far at this time, however XEC is the greatest performer amongst the prime 100 cryptocurrencies.\u00a0 < XEC, the native token of the eCash ecosystem, is the greatest performer amongst the prime 100 cryptocurrencies at this time. The coin has rallied by more than 30% over the 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