Electroneum (ETN) Price Analysis: Electroneum’s New Apple Update Is On The Way; Bullish Medium-term Outlook

eToro
  • Electroneum (ETN) is ready to introduce iOS update, which will benefit the Apple users.
  • The 2019 target price is 0.01 USD.

Electroneum (ETN) has recently announced that it had got approval from Apple to introduce the new update in its iOS App. It should be noted that Electroneum has a large base of iOS users. Through this new update, users will be able to get the facility of the “faster 30-60 second registration process.” This is definitely a good sign for the market of Electroneum as users’ base will be increasing with increased ease of access in the app. By the end of 2019, the value of each ETN coin should be at 0.01 USD. We should now analyze the current figures for ETN.

Current ETN Price Statistics-

Electroneum

eToro Crypto
  • Electroneum (ETN) is the 116th largest coin in the global market.
  • The ROI (Return on Investment) stands at negative 94.84%.
  • A total of 9,472,654,731 ETN coins are in current circulation.
  • The current market cap as on 20th May at 02:54 UTC stands at 46,107,596 USD.
  • The value of each coin stands at 0.004867 USD and 0.00000061 BTC.
  • The 24h volume at the same UTC stands at 372,152 USD.

ETN Price Comparison-

Electroneum (ETN) has shown many price variations since the starring of the year 2019.  The highest point of the coin was on 25th February at 0.008 USD, and the lowest point was realized recently on 14th May at 0.0043 USD. The market cap on 20th April was 50,842,650 USD, and the value of each ETN coin was being traded at 0.005461 USD. The current market cap and the value of ETN coin in USD are respectively 9.31% and 10.87% less than the figures for last month.

ETN Price Prediction-

As mentioned, the current trading value of ETN stands at 0.004 USD. The next resistance will be there at 0.005 USD and 0.006 USD. By the end of 2019, the value of each ETN coin will be there around 0.01 USD. By the end of 2020, the coin will be traded around 1 USD. The path till 0.01 USD will be full of price variations.

Conclusion-

Looking at the price prediction, it is advised to buy ETN coins now. But, the long term holding is the key. Short-term investors will be profitable if they play keeping resistance level in mind.

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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