Electroneum (ETN) Price Analysis: ETN Is Degrading Down With No Possible Lights To Spark Up In Future

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ETN is degrading to the lowest possible extent possible. The crypto analysts are highly doubtful regarding its sustainable long-term future. Even there are no significant. There is no fundamental driving force still now that can raise its value up. The situation is worsening with the turbulent and erratic nature of BTC and the volatility of the crypto market.

Current status:

  • Current market value: 0.004170 USD
  • Market cap: 39,570,513 USD
  • Market rank: 122
  • Circulating supply: 9,489,788,855 ETN

Price analysis and future price predictions:

Electroneum

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The above chart displays that at present, ETN is getting traded at 0.004167 USD or 0,00000055 BTC (UTC time 09:20). Its current 24h volume is worth of 455,109 USD. The same chart shows that approx. 1 month earlier, ETN had a trading value of 0.004777 USD. So, within this one month, the value of ETN has reduced by -12.76%.

On the basis of ETN’s condition, we assume that its value can even degrade to as low as $0.00254 by the end of 2019.

Conclusion:

It is pretty clear that ETN is perhaps one of the most ill-functioning cryptos as of today. Its community and developers are very much unenthusiastic and show no interest in ETN. Naturally, the volatility of the crypto market has invaded this crypto’s capacity to raise a little higher. It has no hope to turn back to a bullish trend.

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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