Electroneum (ETN) Price Analysis: ETN’s Rough Inconsistencies May Continue This Week

Electroneum (ETN) was launched with a target of mobile and smartphone users. It was launched in 2017 with its own blockchain. It offers the first of its kind mobile application which supports many languages, and the app is used for mobile mining. The mobile application for mining helps the small investors, who can use blockchain technology with their comfort and trade smaller amounts as per their capability and wish. Electroneum (ETN) team aims to make their mobile application within reach of common mobile users through which they can extend credit to the related community.

ElectroneumWith a negative 93.36 % return on investment (ROI) it is ranked at 99th position in the crypto market. The maximum supply of coins prescribe by this crypto is 21,000,000,000 ETN and the total current supply as well as the current coins in circulation stand at 9,221,639,035 ETN. The current market cap of Electroneum (ETN) is 57,107,080 USD on 05th April at 03:34 UTC. The value of each coin in terms of USD stands at 0.006193 USD, and in BTC it is 0.00000126 BTC at the same UTC. The 24 h volume is 722,052 USD.

From the starting of the year, the value of Electroneum (ETN) has been going through many ups and downs. The inconsistencies have continued for months now. The steep fall and the sudden growth can be realized by comparing today’s price with the price of March 05. The market cap on March 05 was 55,840,446 USD, and the price in USD and BTC stood at 0.006174 and 0.00000159 BTC respectively. The current market cap is 02.26 % more than the value of last month and the same way the value of each coin has increased by just 0.30 % in a month. But the value also has reached as high as 0.007385 USD in the past month.

As Electroneum (ETN) has seen almost seven ups and downs in a short span of 30 days, it is evident that the trend is going to continue. There is less chance of the price trend to become stable as of now. But the investors should take the opportunity of a lower price to leverage their position for future profits. The value of each coin in terms of USD is getting as low as it can get making a perfect price to lock a buy-in. The buyers should aim for any price less than 0.005 USD as in a short period they can make huge profits. But as far as long terms outlook is concerned, the coin promises of the higher trend. The next target to aim for is 0.008 USD.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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