Price Analysis

Electroneum (ETN) Price Analysis: No Effective Support Resistance Yet To Prevent ETN Dipping Down

Just 3 days earlier, the slightest hope was seen in the ETN charts as it temporarily halted from going down to nihility. But the hope again turned into hopelessness as it continuously dipping down to 44 sats. Uncertainty has encircled ETN to such an extent that investors are not having any interest in this crypto recently. Moreover, its unenthusiastic developers are not providing adequate notice to develop the crypto so that it can regain its lost value and gain back the investors’ trust. Majority crypto investors are of the opinion that ETN is very short term crypto and have no sustainable long-term goals.

Current status:

  • Current price: 0.004863 USD
  • Market cap: 46,093,409 USD
  • Market rank: 119
  • Circulating supply: 9,479,194,494 ETN

Price analysis and future price predictions:

Electroneum

The above chart shows that at present, ETN is getting traded at 0.004862 USD or 0.00000061 BTC (UTC time 09:10). Its present 24h volume is worth of 665,010 USD. The same chart shows that nearly a month earlier, ETN had a trading value of 0.005230 USD with a market cap of 48,782,270 USD. So, within this duration, the value of ETN has decreased by -7.03%.

On the basis of the above price predictions and ETN’s current facets, we think that ETN is a very futile cryptocurrency as of now and it can be trading around $0.0116 by the end of 2019.

Conclusion:

Overall, it can be said that ETN really has no sustainable goals. Moreover, the intense casualness of its developers is also contributing to the same fact that ETN is short term crypto.

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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.
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