ETN is launching KYC mandate regulation for the users. It is significant for users to enjoy the profits and their positions on the ETN network. KYC helps in building credibility among the users in order to judge if the users or buyers are genuine or not. This seems to be the latest discussion with ETN community.
Current Statistics of Electroneum:
ETN price is seen trading at $0.004238 at 01:58 UTC on 20th August 2019. The other major contributions in the ETN chart are mentioned below:
- Return on Investment: -95.52%
- Total supply/Circulating Supply: 9,779,671,539 ETN / 9,779,671,539 ETN
- 24 Hour Volume: 177,646 USD
- Market Cap Value: 41,397,243 USD
- 7 Day high/low: 0.004554 USD / 0.003790 USD
ETN to BTC Price Comparison:
In the last five days, Electroneum price trend has been following monotonous behavior. Initially, the price was trading at 0.00000039 BTC on 14th August at 16:20 UTC. ETN price then increased by 5.09% on 15th August at 18:25 UTC with the trading value of 0.00000041 BTC.
The price of Electroneum then dropped back to 0.00000039 BTC by 16th August at 06:15 UTC. The value then increased on 18th August at 04:15 UTC to the same value of 0.00000041. The value from then is dropped again to the 0.00000039 BTC value as of now.
Electroneum Price Prediction and Conclusion:
ETN is fluctuating in the buy zone as of now. So, for the entrants and traders, this may be a decent time for them to bounce in the Electroneum. For a more secure trade, you should consider the following resistance and support levels:
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.