Price Analysis

Electroneum Price Analysis: Watch Out As The Electroneum (ETN) Future May Not Be Doomed Yet

Finmax
  • Electroneum’s new app may be the much-awaited move to save the downfall
  • Electroneum increases ETN usage through instant anywhere payment options

Electroneum holders across the globe may be cringing and regretting their decision to invest in the currency as there has been no respite for the last five months. But the second half of the year may bring an upward trend as the firm invests in increasing Electroneum app download.

Moreover, the availability of payment option from anywhere in the world is also making is accessible from the remotest areas. The current market data shows a mixed picture.

ETN Price Statistics:

The below graph represents the price movement of ETN coin over the last three months, and as depicted very clearly, there has been a constant downtrend in the ETN value with not even a single moment of respite. The graph is observed on June 1, 2019, at 07:40:31 UTC and showcases below statistics:

Electroneum price chart - june 1

  • The price of the ETN coin is trading at $0.0041 & 0.00000048
  • The 24 h volume has reached $437,141
  • The market cap is noted at $39,467,433
  • The ROI of Electroneum coin is noted at -95.62%
  • The circulating supply of the coin is now 9,537,666,360 ETN

In the last three months, the price of the ETN coin has fallen from $0.0057 or 0.00000155 BTC to 0.00000048 BTC or $0.0041. At the beginning of 2019, the price of the ETN was noted at $0.0073. The business model of the coin has the potential for mass adoption, but there has been a lag in the implementation approach. In the last 30 days, there has been a downtrend of over 21% in the overall coin value. As shown in the RSI indicator, the ETN asset was overbought during mid-April and was oversold during the beginning of May.

Electroneum Price Prediction:

There is enough recovery time for ETN still left in 2019 and as this year is predicted to be the year for cryptocurrencies the hope is still alive. The price of ETN can reach up to $0.09 by the end of 2019 and can reach $0.9 in the next two years.

Conclusion:

This may be a time when the coin is falling to its low, but it may just be a storm before it takes an upward swing. It is advised to hold on to the currency and wait for revival.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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