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Price Analysis

Electroneum (ETN) Predictions: Crypto Analysts Presume ETN To Be A Futile Crypto This Year

It is a mobile cryptocurrency that is specifically designed for mass adoption. It has simple user interfaces to enable smartphone users to use this platform for acquiring ETN. It speeds up microtransactions, make payments for apps and one can send money to friends via this app. Since its inception in 2017, it has performed really averagely compared to relevant cryptos.

Current status of ETN

ETN is currently getting traded at $0.005953 USD (UTC time 04:32). With a market cap of $55,102,009 USD and a circulating supply of 9,256,289,351 ETN, it is the 96th largest crypto.

Price analysis of ETN

ElectroneumThe above chart shows that at present, ETN is getting traded at 0.005947 USD or 0.00000115 BTC (UTC time 04:35). Its current market cap is worth of 55,047,307 USD with a 24h volume of 375,889 USD. The same chart shows that approx. 1 month earlier, ETN had a value of 0.006440 USD. So, in this period, the value of ETN has been decreased by -7.65%.

Future price predictions

ETN is under development and it is currently focusing to make advancements like attaining KYC compliance along with making some effective partnerships. ETN has the aim of mass adoption but unfortunately, it has not come in the big screen and thus, the majority of people are unaware of its existence. Its performances are not that appealing yet and if it can create a bigger impact in the crypto community, then only, its value can raise. Considering all these facts, ETN is expected to trade around $0.035 by 2019 end.

Conclusions

ETN is an underdeveloped cryptocurrency, even its sustenance is in question so, investing in this crypto at present, can turn out to be a very futile idea.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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