It has been a while since anyone last talked about Electroneum in a hyped up manner. Although the Electroneum price is still at a respectable level, the massive growth some investors had hoped for has not materialized in the slightest. In fact, it seems there is a status quo for some time now, which might not necessarily be a bad thing either.
Electroneum Price Trend Remains the Same
As most cryptocurrencies tend to be very volatile first and foremost, it is all the stranger to see one market remain at a status quo. Depending on how one wants to look at the ETN chart, this status quo either has a lot of promise or confirms the slow and steady decline in value was not a fluke. While there are still expectations of seeing ETN hit $0.15 again, that seems rather unlikely at this time.
Over the past 24 hours, the Electroneum price has noted a 2.35% increase a sit rose to $0.005318. The more interesting development comes in the form of ETN/BTC, as there is a 1.28% gain in that regard. With a current value of 100 Satoshi, ETN seems to be one of the more affordable altcoins on the market. Unfortunately, it seems this ratio has continued to decline for some time now, thus the room for potential profit is fairly limited.
On social media, there is not all that much excitement regarding Electroneum, although there are still some prominent developments taking place. Electroneum mart Uganda confirms there is a demand to sue ETN for products and services, which will make it a lot easier to use this mobile-oriented cryptocurrency in that African country. Although there is still a long way to go until major adoption occurs, the current level of adoption seems pretty solid regardless.
— Electroneum mart Uganda (@ElectroneumMart) April 19, 2019
Some Twitter users are also a bit odd when it comes to different cryptocurrencies and blockchain projects. Yvonne Immerzeel wants to see Electroneum migrate to the Binance chain, for some unknown reason. While it remains to be seen what purpose this would serve exactly, it is another way of getting the word about this project out there. For now, it seems unlikely ETN will migrate to this particular chain, though.
— Yvonne Immerzeel (@Fembra) April 22, 2019
As far as the Electroneum chart is concerned, there are some very peculiar correlations to take note of. More specifically, MindOne has noted there is a potential repeat of a price trend waiting to take place. If that is indeed the case, ETN will effectively go through a massive bullish surge over the coming weeks. Only time will tell if that is the case, although one never knows what the future will hold.
I’ve copied the last falling wedge and put it over our current downtrend. It matches 1:1. Very interesting. Coincidence? I don’t think so. My play for ETNBTC. If the pattern repeat itself, we’ll gonna have a spike mid May. A possible gain of 140%. #electroneum #etn #btc #bitcoin pic.twitter.com/K5SsJOXuUA
— MindOne (@treasuremind2) April 22, 2019
All things considered, it seems unlikely there will be an interesting road ahead for Electroneum in many different ways. While no major gains are on the horizon just yet, there might always be some surprising momentum to take note of. Even though Electroneum struggles to note any real trading volume as of right now, one has to wonder what the future has in store for this mobile-oriented cryptocurrency.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.