Price Analysis

Electroneum Can Be A Bad Choice For Long Term Investment

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Electroneum (ETN) is basically a mobile cryptocurrency that is designed specifically for smartphone users. It focuses on accelerating microtransactions, making payment for apps, sending money to friends and purchasing mobile games. It is still under development and by the end of this year, it is expected that ETN will be relaunched with much more updates. This can include KYC compliance and effective partnerships. After 2019, it is predicted that more crypto exchange platforms will start enlisting ETN.

Current status of ETN :
  • Compared to its yesterday’s price, the value of ETN has been reduced by -5.68%.
  • Currently, ETN is getting traded at a value of USD 0.006954 (UTC time 07:07).
  • It is at 65th position in the cryptocurrency market.
  • At present, 9,005,478,756 ETN is available to trade in the crypto exchanges.
  • Its present market cap has a value worth of USD 62,627,248.
Price analysis of ETN on the basis of Electroneum Charts :

Electroneum chart

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From the chart above, the current status of ETN is viewed. It is seen that its current price is 0.006941 USD or 0.00000180 BTC (UTC time 07:13). Its present market cap is currently getting traded at a value of 62,505,476 USD with 356,117 USD as its 24h volume. From the same chart, it is seen that the price of ETN, nearly 1 month back, was 0.006152 USD. So, within this approx. 1 month period, the value of ETN has been hiked by 12.82%. Considering this 1 month period, ETN price has been on a bullish trend.

Future price predictions of ETN :

The developers of ETN are a highly dedicated and experienced team. They are working on ETN to further develop the same by adding new features or fixing any issues. Because of its less complicated user interfaces, it has attracted many non-technical users at its grass root level. Majority people are hoping that soon, ETN can be the coin which can attract mass adoption due to its immense mobile friendliness. Keeping these factors in mind, the cryptoanalysts predicted that by the end of 2019, the price of ETN could be around $0.0355. By the end of 2020, it can reach a value of $0.05796, and after five years, its value can be around $0.10384.

From the above future price analysis, it is quite obvious that there are no such big hopes from ETN as of now and even considering its predicted prices in long term basis, it is evident that investors will not make a strikingly good profit by investing on this crypto.

Summing up :

ETN should attract mass adoption in order to earn more repute and investors or merchants. Then, it can have the ability to raise its prices. Other than that, there is no such hope from this crypto as of now.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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