- XEC, the native token of a Bitcoin Cash fork, rallied 51% in the last day alone.
- Altcoins saw muted gains as traders turned bearish on large cap cryptos like BTC, ETH and DOGE over last week.
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eCash XEC/USD and Chiliz CHZ/USD were the two largest gainers as the cryptocurrency market saw a massive drawdown last week. Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin declined 7%, 9% and 10%, respectively, in the last seven days.
| Cryptocurrency | 7-Day % Change (+/-) | All-Time High Value/Date Reached | % Change (+/-) Since All-Time High |
|---|---|---|---|
| eCash (XEC) | +42% | $0.00038 On Sept 04, 2021 | -86% |
| Chiliz (CHZ) | +11% | $0.87 On May 13, 2021 | -76% |
| Huobi Token (HT) | +8% | $39.66 On May 12, 2021 | -87.5% |
| UNUS SED LEO (LEO) | +4% | $8.04 On Feb 02, 2022 | -34% |
| Litecoin (LTC) | +0.70% | $410.26 On May 10, 2021 | -86% |
eCash Avalanche Gets A Launch Date
The native token of eCash, formerly known as Bitcoin Cash ABC, rallied 41% in the last day alone. eCash is a fork of the Bitcoin Cash BCH/USD blockchain, which is itself a fork of the Bitcoin blockchain.
XEC rallied after founder Amaury Séchet confirmed the launch of the XEC confirmed that the Avalanche Post-Consensus upgrade will go live on the mainnent on Sept 14.
The Avalanche upgrade is not connected to the Proof-of-Stake blockchain AvalancheAVAX/USD, but is an infrastructure update exclusive to the eCash blockchain. It will bring 1-block finality to the network as well as increase its security by brining 51% attack prevention.
Socios Powered Chiliz Rallies As Fan Token Platform Invests $100M In Barcelona FC
CHZ, the native cryptocurrency token behind Socios.com, gained an impressive 120% over the last month. The token continued to rally this week, gaining 12% even as larger cap cryptocurrencies underperformed.
The driving force of CHZ’s rally was largely attributed to Socios’ $100 million investment in the Barcelona football club’s new digital and entertainment arm.
Huobi Token HT/USD, a cryptocurrency trading platform that supports Socios’s fan tokens, also rallied 8% over the last week.
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