As Bitcoin, Ethereum, Dogecoin Suffered Fed-Induced Market Slide, These Cryptos Struck Gains Last Week
eCash (CRYPTO: XEC) and Chiliz (CRYPTO: CHZ) were the two largest gainers as the cryptocurrency market saw a massive drawdown last week. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) 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 (CRYPTO: BCH) 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.
Did you hear the BIG news?!! Avalanche Post-Consensus will go live on Sept 14!
The countdown is now up on https://t.co/WG75AjjjoW!
GET READY FOR THE LAUNCH! $XEC #eCash #Crypto #JustBuild pic.twitter.com/CZqW5pOYMF
— eCash (@eCashOfficial) August 28, 2022
The Avalanche upgrade is not connected to the Proof-of-Stake blockchain Avalanche(CRYPTO: AVAX), 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.
ICYMI - @socios invested $100m for 25% of @FCBarcelona new digital & entertainment arm. Powered by $BAR x $CHZ @chiliz pic.twitter.com/y9d9FFMX2c
— Alexandre Dreyfus (@alex_dreyfus) August 21, 2022
The driving force of CHZ’s rally was largely attributed to Socios’ $100 million investment in the Barcelona football club’s new digital and entertainment arm.
INSIGHT$CHZ social engagements measured hourly hit 19.2M, the highest point in the last 90 days!
Access more #chiliz social insights, metrics, timeframes, and more tools with a Level 4 https://t.co/S43WsovN9f account by just holding 500 $Lunrhttps://t.co/8KmoezCBHN #chiliz pic.twitter.com/Z3dzFeWLuq
— LunarCrush (@LunarCrush) August 28, 2022
Huobi Token (CRYPTO: HT), a cryptocurrency trading platform that supports Socios’s fan tokens, also rallied 8% over the last week.
fans
SEASON IS HERE!
Which fan token is on your watchlist?$ATM $JUV $PSG $OG $GALFT $SOC $CHZ
Comment Answer + #Huobi pic.twitter.com/b4AdqunWoR
— Huobi (@HuobiGlobal) August 24, 2022
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