Price Analysis

Electroneum Technical Analysis: Electroneum takes up social causes to increase ETN mass adoption

  • ETN gains support for being the eco-friendly project in the crypto world
  • Electroneum may start trading above $0.0050 in the upcoming months

Electroneum continues to be one of the most talked cryptocurrencies. The coin has managed to be ranked between 90 and 100 earlier in the year and although it is currently at 110th position. The increased usage of mobile globally may contribute to this growth along with its eco-friendly approach to attract ETN mining. The current market statistics may change suddenly in a positive direction.

ETN to BTC Price Analysis:

In the last day, ETN has shown a similar growth pattern. The coin was trading around $0.0047 at the beginning of yesterday and then rose up once again at the same value today as well. It may cross $0.0050 benchmark very soon.

Electroneum price chart - july 28
ETN Chart By TradingView

Current Statistics of Electroneum:

  • ETN price is noted to be $0.004531 and 0.00000048 BTC
  • The market cap of the coin is $44,184,394
  • 24-hour volume is now $135,723
  • Circulating Supply of the ETN coin is now 9,751,400,303 ETN
  • The ROI of the coin is -95.24%

Electroneum had shown an uptrend of 2% since yesterday when the coin was trading around 0.00000047 BTC and now has reached at 0.00000048 BTC as on July 28, 2019, at 05:57:05 UTC. The coin has shown progressive trends throughout the week and the highest recorded value yesterday as also 0.00000048 BTC.

Electroneum Price Prediction:

ETN price is trading below its starting price at the beginning of 2019 at $0.007407, and the coin has a lot of catching up to do. The coin reached as high as $0.006631 around July 13 and may do it once again in the coming months. Electroneum price may reach up to $0.007 by the end of this year if it gains a good pace in the next two months.

Conclusion:

Electroneum is futuristic and may start yielding good profits from next year onwards. Holding on to this crypto now is the only good thing to do.

Tags

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.
Back to top button
Close