Electroneum (ETN) Price Analysis: Will Electroneum Cross the 100 Mark Resistance level Anytime Soon?
Electroneum (ETN), the world’s first-of-its-kind KYC compliant Cryptocurrency has been targeting mobile users for faster growth and adoption at a global level. Incepted in 2017, the crypto is gaining momentum faster than ever & already being used for smaller day-to-day transactions involving buying grocery. Features like faster money transfer without any middlemen have cut it for this crypto, and soon it is expected to soar higher exponentially owing to increasing smartphone users globally. The application is user-friendly, easily accessible and enables secure transactions on the fingertips. The community of ETN is growing faster with over 2,945,108 registered users already.
Current Statistics
As on April 24, 2019, at 11:59:01 UTC, the ROI of ETN is recorded at -94.63%, the circulating supply of the coin (ETN) is over 9,329,552,533 ETN which is same as the total supply. The maximum supply has reached as high as 21,000,000,000 ETN. Currently, with a market capital of 47,332,645 USD, ETN is ranked 105th by the CoinMarketCap, and if speculators are to be believed, the coin is making its way up in the top 100 list. The price is recorded at 0.0050 USD & 0.00000090 BTC, and 24 h volume stood at 359,335 USD.
Comparison
In the past 30 days, the coin’s highest price reached 0.0069 USD while the lowest was recorded at 0.0049 USD. The pattern was almost the same in the last 7 days as well with the highest at USD 0.0068 and the lowest being 0.0049 USD. However, the coin is bouncing back in the past 24 hours with the highest being $0.0054 & lowest being $0.0050. To understand it more specifically, the market capital was 57,341,787 USD, the price peaked at USD 0.0062 & 0.00000156 BTC, and 24 h volume was 1,246,803 USD as on March 25, 2019, at 05:34:04 UTC. There has been a downtrend of over -19% over the past one month but ETN is under the radar of many crypto enthusiasts, and it is going to revive back soon.
Prediction
The ease-of-adoption has led to the increase-of-growth for this crypto. Many investors, businesses and enthusiasts are anticipating rapid upward movements in the prices in coming years. A unique business model, rewards for users, referral programme among other promotional methods is resulting in viral acceptance. Moreover, the roadmap of Electroneum looks highly promising and has always been kept very transparent for the users to decide while investing freely. The beginning of the year saw significant moves as the team signed formal agreements with Hong Kong Joy Telecom Co. Limited & One Development Thailand. With the launch of plug-in including Joomla, WordPress, and Magento, it’s only a matter of time that the coin will start showing returns. A little patience is what is required for the ETN supporters. From a two year perspective, the price can shoot up to 0.01 USD and can reach as high as 0.1 USD in the next five years.
