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Price Analysis

Electroneum (ETN) Price Analysis: Electroneum Gears Up To Climb Once Again After Weeks Of Lousy Trend

Electroneum has targeted the untapped market of smartphone users since its very inception in 2017. The platform enables users mining of cryptocurrencies through mobile applications leading to mass adoption and rising curiosity in the crypto enthusiasts instantly. Electroneum coin has recently partnered with Algoz for integrating digital currencies in the mainstream market and has also collaborated with Amazon Web Services to support the Electroneum platform from the backend. This has led to hassle-free transitions. The current market position looks promising.

Current Electroneum Price Statistics:

Electroneum Price Chart

  • Electroneum is ranked at 116th position in the global cryptocurrencies list by the CoinMarketCap
  • The ROI of Electroneum stands at -94.80%
  • As on May 16, 2019, at 09:44:05 UTC, ETN coin is trading at 0.0050 USD and 0.00000062 BTC
  • The 24 h volume is 1,195,894 USD
  • The market cap stands at 47,903,587 USD
  • For Electroneum mining, currently, the circulating supply is 9,451,652,635 ETN

Comparison:

There has been a downward trend of over -25% in the past 30 days with the price of the coin soaring as high as 0.0068 USD. The lowest value of the coin was recorded at 0.0039 USD in the last 30 days as well as the last 7 days. However, the highest price dipped to 0.0055 USD in the past 7 days. As on April 08, 2019 at 05:34:01 UTC, the market cap of Electroneum coin was 62,766,013 USD. ETN price was trading at 0.0067 USD & 0.00000131 BTC and 24 h volume was 1,012,326 USD.

Electroneum Price Prediction till 2020:

ETN price has shown a downward trend of over 48% since the beginning of 2019. The value of the coin has dipped from 0.0074 USD in January to 0.0050 USD in May and is nowhere close to its all-time high of 0.23 USD achieved in November 2017. The coin is down by almost 20 positions in the global ranking. After this prolonged bearish trend, the sudden upward movement of ETN prices has brought some respite to the currency holders and potential investors. ETN coin can be expected to reach as high as 0.08 USD by the end of 2019 and cross 1 USD by the end of 2020.

Conclusion:

The unique business model of ETN makes it desirable for inviting investments from key players. Start with buying ETN in smaller chunks, observe the price movement and then increase the investment for long term returns.

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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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