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Price Analysis

Electroneum (ETN) Price Predictions: Electroneum Is Not Going To Settle Down Soon

Electroneum (ETN), launched in 2017, is a cryptocurrency having its own blockchain and was developed specifically for mobile audience and smartphone users. Well-equipped with a mobile application supporting a number of languages, Electroneum (ETN) is aimed at extending the crypto market’s financial system to every corner of the globe. The developer team for Electroneum wishes to make availability of blockchain and cryptocurrency to the ordinary mobile user and constitute an actively engaged community.

ElectroneumAt present, Electroneum (ETN) is ranked at the 103rd place in the cryptocurrency market, with a negative 94.36 % of Return on Investment (ROI). It has a total coin circulation of 9,290,973,248 ETN. The current market cap as on April 17 at 08:14 UTC is USD 49,466,149. Additionally, the value of each Electroneum coin in USD is USD 0.005325 and in BTC is 0.00000102. The 24-h volume stands at USD 332,406 at the same UTC.

Let’s have a look at the trading history of Electroneum (ETN):

Time DurationHighLow
All Time$0.236234 USD
(Nov 02, 2017)
$0.004855 USD
(Sep 06, 2018)
7-Day$0.006330 USD$0.005212 USD
Yesterday$0.005592 USD$0.005212 USD

Furthermore, on March 23, 25-days back, it was trading at USD 0.006267. If we compare the price with today’s, the price of Electroneum (ETN) has been deteriorated by almost 15%. Although there was a little bit of stability in its values yesterday, still it falls almost by 3.58% in intraday trading.

Electroneum Future Prediction:

It seems that the bearish trend of Electroneum (ETN) is not going to settle down soon. As mentioned earlier, the inconsistency and instability of crypto have affected the market cap of the coin. According to experts, the cryptocurrency would continue this trend. However, there is some correction along the way as it would again rise for a short time period to meet resistance at 0.0065 USD to 0.0068 USD. Nevertheless, there is still a long way to go to draw any real conclusions where these altcoins are concerned. Cryptocurrency industry is an ever-evolving venture, and no one is certain of what may happen at the next very moment. However, short term investors should avoid trading in it, unless risk-taking is your forte and you have a close gaze at the fluctuations. The medium-term of Electroneum (ETN) seems bearish. The coin is most probable to not give returns as per the expectations. The long term outlook, however, is bullish. Electroneum (ETN) may reach as high as 0.01 USD to 0.015 USD level at the end of 2019. So, there is strong support for buyers. Buying at such low prices now would give almost 200 % – 500 % profit to the investors.

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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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