Electroneum (ETN) is one of the blockchain projects that has a loyal community due to its potentials. The cryptocurrency which launched in 2017 aims to bring about the mass adoption of its token by offering dedicated applications and mining features to mobile users.
The crypto market has seen a rebound since April with the push of Bitcoin sparking a revival within the market but Electroneum was one of the few altcoins that failed to embark on an extended bullish run.
This resulted in the coin losing value in the market as other coins surged past it leading to ETN losing its spot in the top 100 coins list. However, there was a mini-rebound in May where the coin looked like making an extended run but this proved to be a false dawn.
The liquidation of Cryptopia also affected the coin as Electroneum was the highest traded coin on the platform with a good number of hodlers affected by the hack on the exchange. Electroneum has shown that it is committed to its ideals of bringing blockchain technology to mobile users.
The coin announced the launch of its M1 mobile phone with improved mining features at a budget price. While the coin was also listed on Turkish exchange SistemKoin which is the largest in the country.
In addition, Electroneum has continued its push for adoption in developing countries with more merchants accepting ETN as a means of payment for goods and services.
Electroneum (ETN) is the 125th largest coin in the crypto market.
- The ROI of ETN stands at negative 95.24%.
- A total of 9,507,092,875 ETN coins are in current circulation.
- The current market cap as on 13th May 01:14 UTC stands at $41,969,688 USD.
- The value of each ETN coin in terms of USD and BTC stands at $0.004415USD and 0.00000056 BTC respectively.
- The current 24h volume at the same UTC stands at $335,682 USD.
Electroneum Price Comparison
Electroneum (ETN) has shown variations in its price since the start of 2019 and this looks unlikely to change. The coin achieved its highest figure on 25th February at 0.0082 USD and the lowest point of the coin was 0.00424 USD on 15th May
The market cap a month ago on 26th April was $44,210,494 USD and the value of each coin stood at 0.004731 USD and 0.00000091 BTC. The current market cap and the value of each coin in USD are 20.67% less than the figures for last month.
Electroneum Price Prediction
The coin has shown some signs of that it could rebound and we expect the coin to make a rise to $0.005 mark by the end of May.
Verdict
We advise existing hodlers to acquire more ETN to their portfolio as the coin is currently worth the punt at its current price. It is increasingly likely that the coin would experience an extended bullish run at some point in the year
