Price Analysis

Electroneum Price Analysis: Does ETN Has a Bright Future In The Crypto Market?

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Electroneum is losing its game, and the direction is generally running in the opposite direction of growth and network. However, the Electroneum Team is just not giving up! Their latest post of Twitter and Facebook is trying to convince the users on how great their networking is!

Well, they are not entirely wrong. But somehow, the benchmark in the crypto market is still not realized by this team. They might have partnered with many other exchanges and coming out with an ease of platform usage; but until and unless the chart does not show some real numbers, it might demolish soon.

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Let’s see if the price is affected by all the partnerships, after all!

Electroneum Price Statistics of 3rd June 2019:

Electroneum price chart - June 03At 10:31 UTC, the value of the ETN is traded at 0.003943 USD. The market ranking of the coin is positioned in the southern direction, which is number 135. The Return On Investment is realized at -95.82%. The market cap value is 37,648,308 USD with 24-hour volume at 359,209 USD. The circulating and total supply of Electroneum is same and positioned at 9,548,778,457 number of ETN.

ETN Coin Comparison against BTC:

Comparing the ETNBTC figures, the chart is swelling below the baseline only, which means that the figures inked in red. From 14th May 2019, when the value was trading, 0.00000185 is dropped to 0.00000042, which is -76% dribs in the figure.

Such a drop in less than 20 days is a concern for all the traders bidding on ETN. Long term trading is not realized yet with Electroneum, but the short term capital is assumed to be going in vain as well.

Electroneum Price Prediction & Conclusion:

So what will be the deal with ETN? However, they are bringing more exchanges on their platter with better planning on networks, but what if the market crashes before the same? Is Electroneum going to survive at all?

Only if ETN can sustain some tangible figures, the growth will be seen in the market. Until then, ETN might not catch the eyes of Cryptocurrency followers, developers, traders, or in fact, enthusiast!

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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