Price Analysis

Electroneum Price Analysis: Electroneum (ETN) Price Plunges in the Intraday Market; No Indication of Recovery

Electroneum (ETN) is currently suffering in the crypto market. Presently, the crypto market is in a recovery mode. Bitcoin (BTC) is dealing around $11,600 and is heading towards $12,000. Amidst all this, Electroneum stands amongst the coins that couldn’t come out of the price plunge.

Well, there is still some hope from the coin. If the market keeps up the price momentum and Bitcoin also keeps climbing, then Electroneum would recover in no time. The traders have seen Electroneum to recover with a speed and we are quite sure that the same will happen again.

Let’s have a look at the price chart.

ETN to BTC Price Chart:

The chart is taken from Trading View on 5th August 2019, at 08:10:38 UTC for price analysis.

Electroneum Price Prediction- August 05
ETNBTC Price Chart by TradingView

Looking at the chart, we can clearly observe the downfall. Yesterday, the coin opened at 0.0000004362 BTC and climbed up to 0.0000004413 BTC by 1.20%. Soon, the coin trembled down to 0.0000004286 BTC from 0.0000004413 BTC having a regression of 2.96%. Towards the second half of the day, the coin again fell by 3.89%. The price counters changed from 0.0000004308 BTC to 0.0000004140 BTC. The intraday regression was of 5.16% as the coin closed at 0.0000004134. Today, the coin again opened with a regression. The coin slipped from 0.0000004134 BTC to 0.0000004062 by 1.75%.

  • The price of the coin is $0.004784.
  • The ROI is marked as -94.93%.
  • The coin is at the 106th rank in the crypto market.
  • The 24hr Volume stands around $154,290.
  • The market cap is noted as $46,703,000.
  • The circulating supply has 9,761,464,738 ETN.

ETN Price Prediction and Conclusion:

The traders interested in Electroneum must be aware of the unpredictability of the coin. Last month, when the entire crypto market was suffering, Electroneum was seen climbing up the position chart (according to coinmarketcap). Currently, the coin is at 106th rank, but a week before it was around 98th position. Well, the same makes us apprehensive about the growth. We are anticipating that the coin might be seen dealing at 0.00000070 BTC by the end of 2019. In the coming years, progress could be astounding. However, we would strongly recommend diverging the investment to cut short the risk.

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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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