Electroneum (ETN) is one of the emerging coins in the market, and it has been under pressure for the last few weeks now. However, the coin is likely to turnaround its situation a little later this year. We should now analyze the current details of the coin.
Electroneum Current Statistics-
|Electroneum (ETN)||15th August 07:02 UTC|
|ROI (Return on Investment)||-95.98%|
|Coin Circulation||9,773,750,964 ETN|
|Market Cap||37,212,076 USD|
|Value in USD||0.003807 USD|
|Value in BTC||0.0000003926 BTC|
|24h Volume||172,414 USD|
ETN to BTC Price Comparison-
ETN coin price opened the day with a hike in the value by 3.08% and reached 0.0000003989 BTC. After a few hours of volatility, the coin showed another phase of growth by 14:58 UTC and it gave the coin 2.45% value addition. It was followed by a steep dip in the value which took the coin to its lowest at 0.0000003853 BTC. The last swing of the day started at 18:24 UTC, and by 02:53 UTC, it was hovering near 0.0000004024 BTC.
Electroneum Price Prediction-
Electroneum has been bearish over the last couple of weeks, and this may even deteriorate in the coming days. The details of all the next resistance and support levels are as follows.
|1st Resistance||0.004202 USD|
|2nd Resistance||0.00444 USD|
|3rd Resistance||0.004566 USD|
|1st Support Level||0.003838 USD|
|2nd Support Level||0.003712 USD|
|3rd Support Level||0.003474 USD|
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.