Electroneum is a recently launched British cryptocurrency which has been brought via an Initial Coin Offering (ICO). It has been developed specifically for mobile gaming and online gambling markets. According to its developers, it can be the most user-friendly cryptocurrency in the world with possibilities of coin mining and wallet management on a mobile app. Electroneum is a bitcoin derived blockchain that has been tagged as “the world’s first common cryptocurrency.” ETN’s users’ interfaces are really easy, and for the non-technical users, this can be a perfect digital currency. It has been designed keeping in mind about mobile friendliness, fast transactions, and easy micropayments.
Current status of ETN
With a current trading value of USD 0.006386, ETN is the 76th largest cryptocurrency in terms of its market cap. It has a current circulating supply of 9,091,357,361 ETN, worth of USD 58,054,158. Its current value is on a bullish trend by 10.61% in respect to its earlier price.
Price analysis of ETN on the basis of Electroneum charts
The above chart shows that the current value of ETN is 0.005887 USD or 0.00000150 BTC. It’s market cap has a trading value of 53,512,805 USD with 187,818 USD as its 24h volume. The same chart shows that ETN’s trading value nearly one month earlier was 0.006665 USD. So, in this one month period, the value of ETN has been decreased by -11.67%.
Future price predictions of ETN
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Electroneum had reduced its worth significantly in 2018, and it dropped its prices by 30 times. This was because its platform had not been in function to the full extent. To some Reddit users, ETN is the future, particularly due to its facilities of instant payment technology and mobile miner. From the beginning of 2019, its teams had the plan to operate its platform to the full extent by the first six months. So, until July 2019, it is very unpredictable to determine the tendency of the price range of ETN. According to the technical analysts, this crypto can get listed in exchange like Coinbase, provided; there is mass adoption of this crypto and obviously, full functionality of its platform.
On the basis of its present performance, technology and market trends, it is assumed that in mid-2019, its price can be around $0.010, in late 2019, it can trade around $0.012, and in early 2020, it is expected that it can upraise its value to $0.015.
Conclusion
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Considering all these points, we can say, ETN is definitely not a trusted cryptocurrency till now. It’s highly fluctuating and it is better for the investors to be aware of its performances and updates so that they can make the right decision at the right time.
