Electroneum (ETN) Price Analysis: Electroneum Mobile Miners Increases But Its Value Remained Firm

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ETN is a mobile cryptocurrency specifically designed for smartphones. ETN’s developers have the objective of mass adoption of this crypto. It focuses on accelerating microtransactions, like making payments for the app, purchasing mobile games and sending money to friends. It was launched in 2017, and its performance has been average compared to other relevant cryptocurrencies. It still lacks interest from investors around the world.

Current status of ETN

ETN has a trading value of USD 0.006602 (UTC time 08:19). With a market cap of USD 60,998,208 and a circulating supply of 9,239,702,548 ETN, it is at the 95th position in the crypto market.

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Price analysis of ETN

ElectroneumThe above chart shows that at present, ETN is getting traded at 0.006714 USD or 0.00000128 BTC (UTC time 08:24). Its present market cap is worth of 62,036,958 USD with a 24h volume of 918,549 USD. The same chart shows that approx. One month earlier, ETN had a trading value of 0.006623 USD. So, within this period, the value of ETN has been raised by 1.37% with 0.006701 USD as a good support resistance.

Future price prediction of ETN

Recently, there is the official joining of the GSMA (Global System for Mobile Communications) Advisory Board, due to which it was expected that this could benefit ETN to an extent but, unfortunately, there is no such impact till now. According to US Lifted, ETN can be around $0.812 by 2020. Coin Linker thinks that by 2023, if ETN can have mass adoption followed by high performances, then it can be raised to approx. $2.44. Crypto Ground assumed that as there is no such probability of ETN to effectively perform followed by mass adoption currently, it can have a maximum value of $0.0432 in 1 year.

Conclusion

ETN does not promise crypto until now. It repeatedly failed to draw attention from investors around the world. Although its price is quite static, it doesn’t show any indication of a good bull trend in the upcoming future.

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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