Price Analysis

Electroneum Price Takes a Steep Drop; Not Many Expectations from the Day

  • Electroneum price is reflecting a bearish trend on the intraday chart.
  • The traders might experience a boring day ahead for ETN.

The crypto market has opened today with a bearish trend. Almost all the coins are in the bearish zone. Electroneum (ETN) is also behaving same. The coin was seen taking the high road on yesterday’s chart — the same spiked hope among the traders. But today, the steep drop in the price is a bit scary. It is expected to recover soon, but not today.

If we look at yesterday’s chart, the coin touched a high at $0.003671 and a low at $0.003426. The volume marked on September 6, 2019, was $132,590.

Current Statistics of Electroneum:

  • The price of the coin is at 0.00000034 BTC.
  • The coin is at the 103rd rank in the market.
  • The ROI is marked at -49.89%.
  • $34,382,642 is noted as the market cap of Electroneum.
  • The 24hr volume stands at $148,939.
  • The circulating supply has 9,802,144,196 ETN.

ETN to BTC Price Comparison:

The chart is taken from Trading View on 07th September 2019 at 04:39:02 UTC for price analysis.

Electroneum Price
ETN Chart by TradingView

Yesterday, the coin opened at 0.0000003386 BTC. ETN immediately fell from 0.0000003386 BTC to 0.0000003349 BTC by 1.10%.  Electroneum recovered on the price chart and started trading at 0.0000003390 BTC and kept it tight around the same for some time. Later, ETN fell from 0.0000003365 BTC to 0.0000003239 BTC by 3.73%. Further, ETN jumped from 0.0000003239 BTC to 0.0000003361 BTC by 3.77%. The coin closed the day at 0.0000003362 BTC. ETN marked regression of 0.70%. Today, Electroneum opened with an upsurge of 1.09% as it moved from 0.0000003362 BTC to 0.0000003399 BTC. ETN couldn’t hold at the level and fell to 0.0000003292 BTC from 0.0000003399 BTC. The drop was of 3.15%.

Electroneum Price Prediction and Conclusion:

Electroneum (ETN) is one of the most volatile coins in the market. The same makes it an investment which can give positive results in a very short span of time. The current scenario of the coin might be disappointing, but the future holds good results. The investors should dig in Electroneum with a short-term plan. The long-term plan often backfires with fluctuating coins.

With Electroneum, we are looking forward to a flourishing future.

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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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