Electroneum Price Analysis: Even With South Africa Success, ETN Price Drop Is Still A Concern!

After opening the gates for South Africa, many of the people in the region are topping up with the data and ETN airtime. Well, this seems to be a good start for the Electroneum in that region.

Thousands of people in South Africa ?? are topping up their airtime and data with ETN. ??
Get started today by claiming your free sim from The Unlimited. > https://t.co/huYrkdeISK#ETNEverywhere #SouthAfrica #Electroneum #Airtime #Topup #ETN #Crypto #cryptocurrency pic.twitter.com/837urEr0Il

— electroneum (@electroneum) August 12, 2019

Current Statistics of Electroneum:

ETN price is trading at 0.00000040 BTC at 02:10 UTC on 13^th August 2019. The other essentials are as follows:

• Return on Investment: -95.19%
• Total supply/Circulating Supply: 9,771,003,760 ETN/ 9,771,003,760 ETN
• 24 Hour Volume: 143,407 USD
• Market Cap Value: 44,332,934 USD
• 7 Day high/low: 0.005295 USD / 0.004366 USD

ETN to BTC Price Comparison:

In the last 3 months, Electroneum price was initially seen trading above the baseline at 0.00000074 BTC price on 16^th May at 15:00 UTC. ETN price then dropped by 37.51% on 3^rd June at 16:00 UTC with the trading value of 0.00000046 BTC. The value increased by 53.85% by 17^th June at 13:00 UTC with the trading value of 0.00000071 BTC. The price of Electroneum then dropped by 46.17% on 30^th June at 07:00 UTC value trading at 0.00000038 BTC.

Electroneum price increased by 55.02% on 16^th July at 08:00 UTC with the trading value of 0.00000059 BTC. The value then dropped by 35.08% on 10^th August at 23:00 UTC with the trading value of 0.00000038 BTC.

Electroneum Price Prediction and Conclusion:

ETN coin is fluctuating in the buy zone as of now. So, for the new entrants, this may be a decent time for them to jump in Electroneum. For safer trading, you should consider the calculated resistance and support levels, which are as follows:

Resistance Levels:

• R3: $0.004748
• R2: $0.004677
• R1: $0.004607

Support Levels:

• S1: $0.004466
• S2: $0.004395
• S3: $0.004325