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Price Analysis

Electroneum Price Analysis: Bearish Trend of ETN Might Lose Attention From Portfolios!

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Electroneum seems to market their presence in Cryptocompare Summit. Well, it is significant for the ETN team to increase the branding and visibility for users to believe in Electroneum soon. It might be difficult for Electroneum (ETN) as they are still in the growing zone, but with speed, they are following, they will surely reach the success rate in terms of marketing the coin right!

But whether or not, it will be successful in increasing the users and valuation of the coin, only time will tell!

ETN Coin Analysis on 14th June 2019:

The value of ETN is trading at 0.00000061 BTC at 21:31:07 UTC time on 14th June 2019. The remaining essentials are as follows:

Return on Investment-94.49%
Circulating Supply9,607,357,132 ETN
Total Supply9,607,357,132 ETN
Market Cap$50,018,157
24 Hour Volume$50,018,157
90 Day High / Low$0.006937 USD / $0.003642 USD

No matter what the fluctuations of every next day or 5 days quote, the overall performance of Electroneum has been running in the opposite direction.

ETN/BTC YTD Chart By TradingView

etn price chart
ETN/BTC YTD Chart

Since 14th March when the value started to trade on 0.00000185 against BTC, the value now has dropped by 69%, which is a serious concern as of 3 months data. The lowest was realized a few days back on 3rd June when the value against BTC was trading at 0.00000046. The value has increased by 23%, which is still lesser than the whole drop!

Electroneum Price Prediction and Conclusion :

Users might be increasing in ETN network, but since the day they are trading, they have only being concerned and not delighted. The value is constantly dropping, which will affect the other essentials like market cap and 24-hour volume anyways!

So those who decided on waiting and watching the trend of Electroneum are the safe players in the game. Let’ not dive in so much depth, when one can understand that the depth might increase rapidly and swimming is not an option!

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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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