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Price Analysis

Electroneum Price Analysis: Electroneum May See More Rough Phases in Future

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  • Electroneum has shown four major price swings in the last 24 hours.
  • Resistance for ETN is likely at 0.0067 USD.

Electroneum has been one of the fastest-growing crypto coins in the market. Though it is currently with a low ROI, the coin seems to have huge potential. Here is an analysis of Electroneum’s price movement with respect to Bitcoin’s price movement. The coin’s medium-term growth is likely to be better than its current position. It may reach as high as 0.01 USD. Let us look at the current details of the ETN coin now.

ETN Price Statistics-

Electroneum (ETN)14th July 09:40 UTC
Rank100th
ROI (Return on Investment)-93.12%
Coin Circulation9,734,110,612 ETN
Market Cap63,063,110 USD
Value in USD0.006479 USD
Value in BTC0.0000005846 BTC
24h Volume1,159,057 USD

ETN to BTC Price Comparison-

Electroneum price chart - july 14

Electroneum faced its first growth between 00:42 UTC and 11:56 UTC. In these 11 hours and 14 minutes, the coin gained 21.30% or 0.0000001020 BTC. It was soon followed by a fall of 5.72% in the next 18 minutes until 12:14 UTC. Another small stint of fall was noticed between 18:22 UTC and 22:16 UTC. This fall cost the coin 6.51% and again the coin got up by 8.42% over the next 1 hour and 53 minutes. The latest was a hike of 6.49% that happened between 05:55 UTC and 08:55 UTC of today. These are the four major price swings of Electroneum with respect to Bitcoin’s price. All these variations lie in the range of 5% to 21%.

Electroneum Price Prediction-

As far as Bitcoin’s value is concerned, the ETN coin price may close the day around 0.0000006200 BTC. The medium-term outlook places the coin at 0.01 USD by the end of 2019. The next resistance points are 0.006794667 USD, 0.007297333 USD, and 0.007882667 USD. The support levels are 0.005706667 USD, 0.005121333 USD, and 0.004618667 USD.

Conclusion-

Electroneum has experienced a roller-coaster ride in the past few days. However, the medium-term is likely to bullish for this coin. Long-term investors need to hold coins at least until the end of this year.

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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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