Price Analysis

Electroneum Price Analysis: It seems it was just one-day happiness yesterday!

After reaching 3 million users already, ETN is also tweeting every minute update of the CryptoCompare Digital Asset Summit happening right now in London. In fact, the summit also recorded the CEO, Richard Els, about the adoption in Crypto, which they are naming it as unbanked! They are working on the visibility of ETN in the market, which is surely seen in the increasing number of users.

Let’s hope that it does increase the value soon as well!

Price Analysis of ETN on 12th June 2019:

At 11:42 UTC, the value of ETN is trading at $0.004588 on 12th June 2019. The price seems to be having dropped a little bit after yesterday.

The remaining essentials are as follows:

Return of Investment-95.14%
Market Ranking127 (which was 124 yesterday)
Circulating Supply9,594,723,442 ETN
Total Supply9,594,723,442 ETN
Market Cap$44,022,657 USD
24 Hour Volume$349,222 USD

The market cap and 24-hour volume value show a dip in the price from yesterday.

Electroneum Price Comparison:

Electroneum price chart - 12 June

In just 2 days, where the highest was realized yesterday at the trading value of 0.0000006192 against Bitcoin, the lowest has already been seen today with value trading at 0.0000005763. And it seems that the fluctuation will be pulling the value further down considering the general pattern of ETN.

Electroneum Prediction and Conclusion:

With the surge swelling towards the southern zone again, it is advised that you must buy the coins at this time. However, it seems that Electroneum might be running too slow towards the green zone. Users might want to watch the trend for a little while. For short term traders, yesterday was a delight as the surging was in the right direction, but for now, analyzing the market is the better you can do.

Long term investment might not be a winning situation here as the fluctuations are running mostly below the baseline.

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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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