Electroneum Price Analysis: ETN Faces A Price Drop With Crypto Market Bearishness

The crypto market is currently badly affected by the price drop. The market cap at 04:00 UTC was at $32 billion, and now it is at $31 billion. The change in the market cap in the intraday chart isn’t considered a good indication.

Electroneum is under the vast influence of market pressure. The intraday chart of ETN is showing no indication of improvement. However, the coin has always surprised the traders with its last-minute volatile movement. The same can change the fortune of intraday traders of Electroneum.

Electroneum BTC intraday chart:

The price chart is taken from Trading View on 11th July 2019, at 08:45:47 UTC for price analysis.

Electroneum Price Prediction
Electroneum Price Chart by TradingView

The chart is clearly reflecting fall in the price. The coin opened yesterday at 0.0000005082 BTC. Soon, there was a heavy fall registered in the price of Electroneum. The price counters changed from 0.0000005082 BTC to 0.0000004804 BTC. The regression was marked as 5.48%. Towards the closing time, the coin climbed to 0.0000005117 BTC from 0.0000004761 BTC. The day booked a loss of 3.24%. The coin closed at 0.0000004916 BTC. Today, the coin again opened with a drop, and it slipped from 0.0000004916 BTC to 0.0000004718 BTC by 4.03%. The coin has registered a loss of 3% since morning. The current price of Elecroneum is 0.0000004768 BTC.

Particulars Electroneum (ETN)
Rank 108
Price (USD) 0.005444 USD
Market cap 52,967,817 USD
ROI -94.23%
Circulating supply 9,730,416,620 ETN
24hr volume $476,469 USD

Electroneum Price Prediction and Conclusion:

Electroneum (ETN) will soon be seen touching new highs in the market soon. The current scenario in ETN is a mere market pressure which will pass very quickly. The coin is expected to touch 0.00000075 BTC by the end of 2019.

We would recommend long term investment in the coin as the most result yielding way.

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.

Related Articles

Back to top button