XEC is now up to around 0.000008u, and it’s risen by nearly 20% over the past 24 hours—these past two days have really been lively.

It only just set a new historic low on July 1, dropping to 0.0000048u—that’s roughly a couple of weeks ago. From that bottom, it has now rebounded by nearly 40%.

This coin is built for digital payments, using technology similar to Avalanche consensus. The team came over from Bitcoin ABC and has been working on it for years—it isn’t the kind of new project that just chases a trending topic.

Its all-time high was 0.0005926u in November 2021. Even now, it’s still 99% below that peak—this drawdown is truly deep.

This rally looks more like an oversold rebound. It fell way too hard—once sentiment starts to warm up, money comes in to take a quick bite. It doesn’t seem like there’s any major news driving it.

At the current level, it’s rising pretty fast, and in the short term there may be pressure from profit-taking. Whether it can hold steady depends on the trading volume and momentum over the next few days.

For old coins like this—ones that have a large market cap and have been down for several years—you can follow the rebound, but don’t expect it to suddenly turn around #xec $XEC