Addressing the liquidity is a major concern as of now for Electroneum. Along with the same, it is vital for the community to get more exchanges on board. Till then, their great concept might not realize into a successful reality. This might be one of the major reasons for the valuation fluctuating below the baseline mostly.
Let’s address what ETN valuation of today has to support the same.
Price Analysis of ETN on 2nd July 2019:
The value of ETN is trading at $0.004174 at 09:33 UTC time on 2nd July 2019. The other essentials are as follows:
- Return on Investment: -95.75%
- 24 Hour Volume: 400,646 USD
- Market Cap: 38,886,248 USD
- Total supply/Circulating Supply: 9,696,774,883 ETN/ 9,696,774,883 ETN
- 7 Day high/low: 0.005671 USD / 0.003903 USD
ETN Price Comparison:
The highest in last few days of June was seen on 23rd June with a trading value of $0.00000058 against BTC, which was dropped by 34.59% by 26th June with a trading value of 0.00000038 against BTC. However, by 1st July, the value saw an upsurge by 21.43% with a trading value of 0.00000046 BTC.
However, the drop is again seen again today by 10.86% as the value is trading at 0.00000041 as of now.
ETN Price Prediction and Conclusion:
ETN is switching away from Bulls’ trend it seems. On the basis of historical data and analysis, in the upcoming 14 days, the upside value of ETN might reach up to $0.006 and downside of $0.0044 respectively. In the case of new announcements and exchanges, the prediction differs in their statements.
As of now, the traders might want to trade under the calculated resistance and support levels between $0.00542 and $0.00381 respectively. But it is hard to say whether the value will escalate in bulls or bears nature, it is better to watch the trend for now.