Electroneum Price Analysis: ETN Future Price recovery May Lead To Better Trading Counters

The coin market was seen drooling yesterday. There weren’t many expectations from the altcoin market, but still, the coin has turned green. Usually, the sudden upsurge after a dreadful fall is a good indication, but predicting the same would be too farfetched at the moment. The reason behind the same would be the ongoing price momentum of the coin. However, we can expect a better result in the upcoming month.

Talking about Electroneum, the coin got victimized in the ongoing market pull-ups and pullbacks. The good thing about the coin is that it has shown a remarkable momentum. We are positive about the coin’s future.

Current Statistics of Electroneum:

  • The current trading price of the coin stands at $0.004570.
  • The ROI (Return on Investment) is noted as -95.16%.
  • The 24hr volume is marked as $142,651.
  • The coin is at the 110th rank in the crypto market.
  • The market cap of Electroneum (ETN) is $44,568,614.
  • The circulating supply has 9,752,675,375 ETN.

ETN to BTC Price Comparison:

The chart is taken from Trading View on 29th July 2019 at 03:27: 59 UTC for price analysis.

Electroneum Price Prediction
Electroneum Price Chart by TradingView

Looking at the chart, it is evident that the coin is currently reflecting a volatile movement. Yesterday, the coin was trading around 0.0000004724 BTC. Later, it escalated from 0.0000004724 BTC to 0.0000004931 BTC by 4.42%. Unable to hold the mark, ETN dropped from 0.0000004931 BTC to 0.0000004763 BTC by 3.41%. The coin again jumped to 0.0000004900 BTC and closed at 0.0000004828 BTC. The intraday price hiked by 2.23%. Today, the coin opened with a downfall of 2.64% trading from 0.0000004828 BTC to 0.0000004700 BTC.

Electroneum Price Prediction and Conclusion:

The coin is expected to improve in the coming period. The coin is volatile but, has a high prospect of improving steadily. We are quite apprehensive about the coin’s future. The currency is expected to touch 0.00000070 BTC by the end of the year. The long-term investment with Electroneum (ETN) is quite result giving.

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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