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Price Analysis

Electroneum (ETN) Price Analysis: Will The Increase In Global Smartphone Users Bring Electroneum Out Of The Closet?

  • Electroneum holders advised sitting tight as miracles do happen in the world of the crypto market
  • Electroneum’s continuous bearish trend paves the way to negative speculations

Electroneum (ETN) has been wandering like a lost child in the fluctuating world of cryptocurrencies or is it just the calmness before a raging bull run again. Since its launch in 2017, Electroneum has become an instant success and gained traction for its unique model of targeting mobile users to increase mass adoption. The currency has been showing a constant downward trend since the past few months, causing doubts related to its future sustenance. However, the firm has also partnered with some of the global players like The Unlimited and Algoz to increase awareness and cause a stir. A strong announcement is needed to save the day for Electroneum as the market trends show underperformance.

Current Statistics:

Electroneum Price Chart

  • Electroneum is now placed at the 115th position in the global cryptocurrencies ranking
  • The ROI of Electroneum coin stands at -95.05%
  • The circulating supply is same as the total supply and is at 9,462,209,217 ETN, and the maximum supply is now 21,000,000,000 ETN
  • As on May 18, 2019, at 10:24:04 UTC, the price of the coin is recorded at 0.0046 USD & 0.00000064 BTC
  • The 24 h volume is now 577,477 USD
  • The market cap has reached 44,190,545 USD

Comparison:

There has been a downtrend of over -8% in the last one month with the price of ETN coin peaking as high as 0.0068 USD and dipping as low as 0.0039 USD. In the last 7 days, the lowest remained the same, but the highest came down to 0.0059 USD. As on April 19, 2019, at 13:34:03 UTC, the market cap of ETN was recorded at 47,094,504 USD. The price of the coin was trading at 0.0050 USD & 0.000000096 BTC, and 24 h volume was 564,937 USD.

Electroneum Price Prediction until 2020:

Electroneum reported its all-time low value on May 14, 2019, at 0.0039 USD. The coin has been showing a bearish trend continuously and has fallen by almost 20 positions in the coin ladder in the last one month. The technology and business model has the potential to bring ETN out of the current situation, and if that happens, the price of ETN can surge up to 0.009 USD by the end of 2019. The price of the coin can cross USD 0.09 by the end of the next 2 years.

Conclusion:

Observe the price movement in the next few days and then invest in ETN in smaller chunks.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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