Price Analysis

Electroneum (ETN) Price Analysis: Will ETN Reach $0.03 Mark by the End of Year?

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The dispatch of digital currency sponsored ETNs on the German trade is relied upon to build the liquidity of Litecoin and Ripple (XRP) token. Explicitly those among certify financial specialists and possibly foundations.

  • A similar organization that is behind the Bitcoin ETN on the Swedish financial exchange is investigating both Litecoin and XRP ETNs. With this, authorized financial specialists would be given an elective stage other than digital money trades to put resources into major crypto resources.
  • ETNs will enable financial specialists in Germany to follow future value improvements of the two cryptographic forms of money Litecoin and Ripple (XRP) through trade exchanged securities.

Now let us analyze the current price of the coin:

Electroneum

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  • Current ranking of the coin is number 123.
  • As per 8:15 UTC time, the market value of the coin was 43,570,332 USD.
  • Price of the coin was 0.004594 USD.
  • 24-hour volume figures are 414,971 USD.
  • 9,484,379,607 coins are currently in circulation.

Comparison:

  • On 25-February-2019, there was a sharp rise in the price of the coin and price increased to 008192 USD as per 8:00 UTC time.
  • As compared to the price increase on 25-February-2019, the current price of the coin shows a negative trend by around 44%.

Prediction:

  • It is anticipated that the price of the coin will reach around $ 0.0355 by the end of this year.
  • 2020 is going to be a great year for this currency as it might achieve 3 million users across the globe.
  • ETN may even get enrolled on some significant trades like Binance, and Poloniex by 2020. Due to which ETN is probably going to reach the price of $0.05796, which may be conceivable in light of these developments.

Conclusion:

ETN is firmly coupled and subject to bitcoin’s value activity like other coins. On the off chance that bitcoin leaves on another bull run, ETN can seek after one too. Since that is in all respects improbable, the ETN value would not be changing much in this year. At the beginning of 2018, the ETN live clients were roughly 765,000 and the number outperformed 2,000,000 live clients before August 2018. These numbers imply that Electroneum is developing and thus making it an amazing venture to invest in the coin provided you sustain it for minimum 5+ years.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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