Electroneum (ETN) Price Analysis: 2019 Is Going to Be Tougher For Electroneum

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Electroneum is basically a mobile cryptocurrency that is specifically designed for mass adoption. It is a British cryptocurrency that was primarily developed for mobile gaming and gambling markets. It is aimed to bring a huge change of pace in the market and is purposely built for increased mobile friendliness, easy micropayments, and faster transactions. Also, it has been developed for widespread common usages and offers.

Current status of ETN

ETN is currently getting traded at 0.005901 USD (UTC time 09:23). It is currently running on a bearish trend by -2.07%. With a market cap of USD 54,188,953 and a circulating supply of 9,182,542,449 ETN, it is the 87th largest cryptocurrency.

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Price analysis of ETN

ElectroneumThe above chart shows that ETN is currently getting traded at 0.005878 USD or 0.00000145 BTC (UTC time 09:32). Its current market cap is worth of 53,977,271 USD and is 24h volume has a trading value worth of 333,391 USD. The same chart shows that approx. One month earlier, ETN had a trading value of 0.006411 USD. So, within this approx. One month period, the value of ETN has deterred by -8.31%.

Future price prediction of ETN

US Lifted predicted that ETN can be around $0.812 by the beginning of 2020 and can reach a value of $1.10 by December 2020. Their optimistic prediction had the basis of ETN’s past performances, recent technology, and market trends. CoinLiker assumed that by 2023, ETN might reach $2.44 and this prediction is from a technical perspective provided ETN is adopted my majority smartphone users. According to Crypto Ground, ETN can trade around $0.0065 in 1 month, in 6 months, it can be around $0.0096, and in a year, it can trade at a maximum level of $0.0432.

The team of ETN is currently busy fixing issues of this platform and bringing a developed and updated version of the same. Until unless there is mass adoption of ETN, it is hard for it to sustain in this intensive volatile crypto market.

Conclusion

ETN is although mobile friendly, it is not that promising. Till now, it has not achieved any big which can convince people to invest in it. This is the reason why its sustenance is difficult this year. Its developers must focus on its update and attracting investors so that they can raise the value of ETN to a considerable level.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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