The bearish slump of ETN seems to continue. But only if there are some milestones announced in June, the price might swift towards the upward direction. Speaking of the breakthrough, the recent activity of ETN team on twitter seems to celebrate an announcement. Electroneum has reached 3 million users! The supply is increasing. We can all sense the marketing strategy which is growing in many parts of the world; hopefully will swift the price to bullish zone soon.
Let’s see if the price analysis until 11th June has reached a point of milestone or not.
Price Analysis of ETN on 11th June 2019:
At 6:13 UTC time, the value of ETN is trading at $0.004817. It seems like the price is finally moving up along with the ranking! The remaining essentials are as follows:
|Return on Investment||-94.90%|
|Market Ranking||121 (which was 124 yesterday)|
|Circulating Supply||9,588,085,689 ETN (higher than yesterday)|
|Total Supply||9,588,085,689 ETN (higher than yesterday)|
|Market Cap||46,184,988 USD (higher again)|
|24 Hour Volume||477,956 USD|
Electroneum Price Comparisons:
Well, the table already speaks of the better numbers today since yesterday. What does that mean? It is undoubtedly surging upwards, but the real question is if it will continue to do so?
If we talked about the analysis yesterday, the value took a 360-degree turn from 22:30 UTC on 10th June itself. The value touched the equilibrium of the baseline. With the start of 11th June, the value was trading at 0.0000006192 BTC which was 0.0000005960 BTC on 10th June. However, the fluctuation is still there, but the value is trading in the bullish zone, above the baseline.
Electroneum Price Prediction and Conclusion:
In the short-term period, it seems that it might be a good idea to trade; however, the long term investment is still a question mark for having ETN in the portfolio. But at least the positive movement is finally exhibited on the graph. With the expansion of ETN in different parts of the world, it seems that it is finally working on the value as well.
However, we are not sure if it will continue or not. Till then, short term investment might be a good look for the traders.