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Price Analysis

Electroneum (ETN) Price Analysis: Electroneum’s Bearish Moments are Soon to End, Next Halt at $0.05

  • Electroneum’s days of bearish push is soon to over.
  • The 2019 target rests at 0.05 USD.

Electroneum (ETN) is major cryptocurrency aimed at facilitating crypto coins to smartphone users. The Electroneum (ETN) has shown a huge fall in the last 24 hours. But the pattern of movement since the starting of the year is on a downfall. The whole user base is anticipating a dip in the value further throughout this quarter. But the zig-zag market has given a huge opportunity for the speculators. The intra-day trading volume is on the rise for Electroneum. We predict the coin to reach 0.05 USD by the end of this year. Let’s look at the current figures of Electroneum (ETN).

Current ETN Price Statistics-

Electroneum Chart

  • Electroneum (ETN) is on the 125th position in the crypto market.
  • The ROI (Return on Investment) stands at negative 95.33%.
  • A total of 9,494,081,099 ETN coins are in current circulation.
  • The market cap as on 24th May at 05:02 UTC stands at 42,055,359 USD.
  • The value of each coin stands at 0.004430 USD and 0.0000005635 BTC.
  • The 24h volume stands at 308,374 USD.

ETN Price Comparison to BTC (ETN/BTC)-

As mentioned earlier, the Electroneum (ETN) coin has experienced a huge fall throughout the year until now. The highest point of the coin was on 21st January at 0.0000020047 BTC. But by the last week of February, the coin has experienced a huge fall. In 15 days, the coin lost almost 28% of the value. The market cap as on 24th April was 48,185,718 USD, and the value of each ETN coin was 0.0000010401 BTC. The current market cap and the value of each ETN coin in BTC are respectively 12.72% and 45.82% less than the figures for last month.

ETN Price Prediction to USD (ETN/USD)-

Though the trend is on a negative, the future trend will be a bullish one. We predict a rise in the value in the short-term. The next resistance point will be there around 0.005 USD and 0.006 USD. In the medium-term, the coin will have its price of around 0.05 USD. But, it should be noted that the bullish path until this figure will be subject to many price variations.

Conclusion-

As the coin is at its lowest point, no time can be better than this to buy ETN coins. A long-term investment is a key here. Holding till the 1st quarter of 2020 will give a huge profit of at least 10 times of the current investment.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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