Price Analysis

Electroneum (ETN) Price Analysis: Communities Of ETN Is Turning Barren Islands With Very Less Hope Of Future Bullish Trend

With no strong support resistance, ETN is descending down. As there are no fundamental driving forces, it’s very hard to say if ETN can rise in the future. Moreover, everybody has their eye on BTC’s price, and thus, hike or fall of the same can adversely impact ETN in the future. ETN was developed for mass adoption. But in fact, there is no such thing yet. Rather, majority crypto analysts claimed that all communities of ETN are turning out to be barren wastelands. ETN is currently marked as “F” category, that implies upon the fact that it has overall 404 points due to its fragility as per the information of 6th May 2019. So far, its user activity score is concerned, it has scored pathetic 200 points. So, one can well imagine how ineffective ETN is and how difficult it has become for this crypto to retain its users.

The trading volume of ETN is really scanty. Its volume is almost nonexistent as it is not listed in any legit exchange. Any noticeable activity is also not noticed around its community.

Current status:

  • Market value: 0.004238 USD
  • Market cap: 40,016,217 USD
  • Circulating supply: 9,441,467,751 ETN
  • Market rank: 122

Price analysis and future price predictions:

Electroneum chart

The above chart shows that at present ETN is getting traded at a volume of 0.004027 USD or 0.00000049 BTC. Its current 24h volume is worth of 672,540 USD (UTC time 08:43). The same chart shows that approx. 1 month earlier, ETN had a trading volume of 0.005804 USD. So, within the period, the value of ETN has been drastically reduced by -30.61%.

Considering the current conditions of ETN, we assume it to be trading near $0.012 by the end of this year, provided it make a noticeable upsurge.

Conclusions:

ETN is a futile cryptocurrency with very little hopes for the future. So, it is not at all a good idea to invest in here.

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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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