Price Analysis

Electroneum (ETN) Price Analysis: Electroneum Can Crumble This Year

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ETN is a mobile cryptocurrency that is specifically designed for mass adoption and is aimed to provide smartphone users with simple user interfaces so that they can use this at ease. It focuses on accelerating micro transactions like making payments for apps, purchasing mobile games and sending money to friends. It is the first ever British developed cryptocurrency that represents a huge change of pace in the market. It is built on its own blockchain.

Current status of ETN

ETN is currently getting traded at 0.006219 USD (UTC time 05:35). With a market cap of USD 57,279,645 and a circulating supply of 9,210,061,805 ETN, it is the 98th cryptocurrency.

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Price analysis of ETN

ElectroneumThe above chart shows that currently, ETN is getting traded at 0.006292 USD or 0.00000127 BTC (UTC time 05:39). It’s market cap is worth of 57,947,519 USD with a 24h volume of 765,654 USD. The same chart shows that approx. One month earlier, ETN had a trading point of 0.006581 USD. So, within this duration, the value of ETN has deterred by -4.39%.

Future price predictions of ETN

According to the US lifted, ETN can be around $0.812 by the beginning of 2020 and by December 2020, ETN can be around $1.10. CoinLiker thinks that ETN can reach to $2.44 by 2023. Crypto Ground believes that in 1 year, ETN can reach to $0.0432.

There are many more developments to be launched by ETN developers this year, for instance, they are developing an API which can allow easy integration to accept ETN easily and instantly. This can be benefitting to e-commerce systems. To be realistic, ETN can reach around $0.0355 by the end of this year. The main problem of ETN is that it lacks mass adoption and it has not made any significant performance till now to infuse hopes among the investors or traders.

Conclusion

It is not worth spending on ETN currently as there are many developments to come. ETN can get even low in the upcoming days and thus, sustenance of this crypto is a big question 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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