Price Analysis

Electroneum Price Analysis: Will ETN Save Itself From The Mighty Fall?

Finmax
  • Electroneum value continues to drop as the currency sees no support to hook on to
  • Electroneum holders eagerly wait for ETN rebound

Electroneum reported an all-time low of $0.003 recently on May 14, 2019, and the value of ETN coin is falling with each passing day. The possible cause of this may be the incapability of the firm to secure any top-notch partnerships when ETN had first hit this downward path a month back. The coin has fallen down in the coin ladder and no longer being among the top 100 currencies despite a strong business model. The currency holders are just waiting for a miracle to happen and posting their wishes loud & clear on the official twitter page of Electroneum. The market data shows a depressing trend, although with no signs of recovery thus far.

ETN Price Statistics:

ETN price chart

As on May 31, 2019, at 11:04:26 UTC, the price of the ETN coin is as shown in the graph below:

Particulars Statistics
Price  (USD) 0.0041
Price (BTC) 0.00000050
Market Capitalization 39,712,390
24h volume 368,531
Circulating Supply 9,533,303,890 ETN
Return on Investment -95.59%

 There has been a downtrend of over 21% in the value of ETN coin since past 30 days when the price of the coin was trading at $0.0052. If we look at the overall year performance till date, the downtrend of over 43% has been noticed since January 2019 when the ETN coin price was noted at $0.0073. The value has gone down consistently in each month with only a few exceptions when it crossed the $0.0080 mark.

ETN Price Prediction:

Although there is not much to hook on to for ETN as of now, the firm has been exploring partnership options rigorously. If ETN can get a new partner on board, the price of the coin can shoot up, and by the year closing, it can decently reach at $0.09. In the next two years, if the coin survives the current situation, ETN can be valued around $5.

Conclusion:

Investing in ETN currently is a risky business, but smaller chunks won’t hurt much. Keeping a close eye on the price movement is imperative to avoid any major losses.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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