Electroneum Price Rise can Push Altcoin Into Market Cap top 50

Neutral Electroneum Price Rise can Push Altcoin Into Market Cap top 50

Under the current market circumstances, no real uptrend can be expected among major cryptocurrencies. As the total market cap continues to decline every single day, it is evident this latest slump may not be overcome that easily. For Electroneum on the other hand, things are not looking all that bad. Its value is in the green, and a re-entry into the market cap top 50 is very likely.

Electroneum Price Shows Promise

Considering how nearly all currencies in the top 50 are either in the red or barely in the green, there is not much to be excited about at this time. That situation will come to change moving forward, as the Electroneum price is making some big moves. As all of the coins surrounding ETN are down in the dirt, there is a good chance this altcoin will effectively rise up again and reclaim its position among the first 50.

Over the past 24 hours, there has been a notable increase where the ETN price is concerned. Thanks to a 4% gain in USD value and a 4.5% increase over Bitcoin, things suddenly look a bit differently from just a few days ago. At the same time, this pushes the Electroneum value to $0.0127 again. A very interesting development, albeit one has to keep in mind there may not necessarily be too many further gains over the weekend.

There is some good news which warrants an ETN price spike. Using this altcoin to pay for goods and services is becoming a lot easier, by the look of things. Paying for a is a significant milestone for Electroneum as a similar payment kicked off Bitcoin;'s rise to dominance. While it may not mean much for ETN in the short-term, it is pretty interesting regardless.

#ETN #Electroneum #instantpayment @electroneum #cryptocurrency #blockchain
Paid my Pizza with crypto #ETN! Really fast and Easy! Looking forward for a Daily usecase! Stop watching prices & Start to use your #crypto. Value will not increase if we don't use it! Be smart 🤑🚀 pic.twitter.com/HTAazbGNwu

- CryptoAltcoinStars (@DreamsPaxi) November 17, 2018

My Crypto Advocate is one of those traders who can't see a lengthy Electroneum price trend forming at this stage. Instead, he expects the ETN downtrend to continue throughout 2018 and early 2019. This is not necessarily the best time to invest in cryptocurrency, as no currency has found a stable floor whatsoever. As such, this latest ETN uptrend may not last all that long.

#ETN $ETN Just checking in. I'm anticipating a continuance of this downtrend towards the beginning of 2019. A lot of seasoned & new investors will / should be cautious about committing new money into crypto at this time and wait for the market to settle. pic.twitter.com/UYI587eWGz

- My Crypto Advocate (@tomr_crypto) November 17, 2018

Other signs seem to confirm a similar outlook, which is not necessarily all that promising. Ed confirms the ETN price on KuCoin is seemingly subject to a bit of manipulation. Someone - or a bot - is keeping the price down - allegedly - every time a small uptrend is noted. This is not entirely uncommon behavior among exchanges, and it is certainly not unique to Electroneum either.

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.

Every time #ETN starts to rise today on #Kucoin, about 5 BTC worth of ETN shows up and holds the price down. Then it goes away, then it comes back. Somebody is having a good old time with us.

- Ed (@Sk8Monkey420) November 16, 2018

As is always the case during the weekends, things can get very interesting in quick succession. For Electroneum, its incredibly low trading volume will be a hindrance first and foremost. Just $570,000 worth of volume will not make this market move by much in either direction. As such, one has to wonder if a dip to $0.0125 will materialize fairly soon.

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers.

11/17/2018 / 08:48:53 Source: themerkle

News | Price Analysis | Electroneum Price | ETN | market Cap | | Market|Trading|Altcoin
BTC
1 BTC=$3,212.56
XRP
1 XRP=$0.2859
ETH
1 ETH=$83.52
XUC
1 XUC=$2.15
EOS
1 EOS=$1.80
BCH
1 BCH=$77.87

News Feed 50

Bitcoinist Neutral - 25% of Pantera Capital ICO Projects May Have to Refund Investors read more.
12/14/2018 / 21:00:13
Cointelegraph Neutral - European Parliament Calls for Increased Blockchain Adoption in Trade read more.
12/14/2018 / 20:58:00
Bitcoin.Com Neutral - SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities read more.
12/14/2018 / 20:55:37
Ethnews.Com Neutral - European Parliament Looks To Blockchain Adoption In Trade Policies read more.
12/14/2018 / 20:16:49
Cointelegraph Neutral - #Bitcoin, Ripple, Ethereum, Stellar, EOS, Bitcoin Cash, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 14 read more.
12/14/2018 / 20:05:00
Ccn Neutral - Robinhood Didn’t Consult Regulators on New Checking & Savings Account Products read more.
12/14/2018 / 20:03:47
Cryptoglobe Neutral - Crypto Exchange Binance Expands Its Startup Incubator to New Cities read more.
12/14/2018 / 20:00:46
Newsbtc Neutral - Bakkt and Intercontinental Exchange CEOs Weigh in About Bakkt read more.
12/14/2018 / 20:00:42
Themerkle Neutral - Dogecoin Price Remains at $0.002 as Market Cap top 20 Looms read more.
12/14/2018 / 19:49:38
Ccn Neutral - Bahrain Central Bank Publishes Draft Cryptocurrency Regulations read more.
12/14/2018 / 19:25:21
Cryptoglobe Neutral - Russian Deputy PM Says Crypto Price Downturns Justifies Cautious Regulation read more.
12/14/2018 / 19:00:00
Ethnews.Com Positive - 0x Announces Token Grant Program Within The Snowstorm Of Crypto Winter read more.
12/14/2018 / 18:47:51
Bitcoinmagazine Neutral - Op Ed: Bitcoin Is a Declaration of Our Monetary Independence read more.
12/14/2018 / 18:43:26
Cryptoinsider Neutral - Part 2: Ethereum vs NEO – Which blockchain has better scalability and security? read more.
12/14/2018 / 18:43:14
Cryptopotato Neutral - Confirmed: Bakkt Futures to Launch on January 24, Presents Milestones Ahead read more.
12/14/2018 / 18:41:14
Ccn Neutral - Binance Adds USDC Trading Pairs – Stellar and Ripple Represented read more.
12/14/2018 / 18:40:14
Newsbtc Neutral - Bitcoin Sets Fresh 2018 Low at $3,200, Altcoins Plunge read more.
12/14/2018 / 18:30:15
Cointelegraph Neutral - Brazilian Premier League Soccer Club Launches Crypto 'Fan Tokens' read more.
12/14/2018 / 18:30:00
Coindesk Positive - This Binance-Backed Crypto Startup Wants to Anonymize Everything read more.
12/14/2018 / 18:00:26
Bitcoin.Com Neutral - U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam read more.
12/14/2018 / 18:00:13
Cryptoglobe Neutral - Circle CEO: Cryptographic Tokens Will Represent Every Form of Financial Asset read more.
12/14/2018 / 17:50:55
Coinspeaker Neutral - Russian Data and Mining Centre Redstone to Start Operations in June 2019 read more.
12/14/2018 / 17:42:59
Trustnodes Neutral - Ethereum Reaches 50 Million Unique Addresses read more.
12/14/2018 / 17:41:27
Ccn Neutral - Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers read more.
12/14/2018 / 17:37:11
Cryptoglobe Negative - Bitcoin Hits 15-Month Low as Crypto Market Threatens to Drop Below $100 Billion read more.
12/14/2018 / 17:30:41
Coinspeaker Neutral - Blockchain-Based Asset Management Platform Membrana Announces Token Sale Event read more.
12/14/2018 / 17:30:22
Cointelegraph Neutral - Bahrain’s Central Bank Publishes Draft Regulations on Crypto Assets read more.
12/14/2018 / 17:15:00
Coinspeaker Neutral - Decentralized Financial Service Platform WORBLI Launches Token ShareDrop Event read more.
12/14/2018 / 17:14:24
Coinnounce Neutral - Do We Really Want To Tokenize Everything? And Can We? read more.
12/14/2018 / 17:05:48
Cryptoglobe Neutral - US Government Advises Bitcoin Bomb Threat Victims to Ignore Ransom, Inform the FBI read more.
12/14/2018 / 17:00:36
Newsbtc Neutral - CoinShares Exec: China Crypto Plan Could Make Dystopian Future a Reality read more.
12/14/2018 / 17:00:27
Bitcoinist Neutral - To The Moon! Bitcoin Space Travel Gets Closer As Virgin Galactic Takes Flight read more.
12/14/2018 / 17:00:13
Coinnounce Negative - Bitcoin Cash falling to 0? Is BCH worthless? read more.
12/14/2018 / 16:53:37
Ccn Neutral - Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018 read more.
12/14/2018 / 16:37:02
Coindesk Neutral - Ethereum Chat Startup Status Lays Off 25% of Staff read more.
12/14/2018 / 16:20:53
Cryptonewsreview Neutral - Whatever happened to Burger King’s own official cryptocurrency? read more.
12/14/2018 / 16:09:34
Bitcoin.Com Negative - Markets Update: Bears Continue to Drag Cryptocurrency Prices Down read more.
12/14/2018 / 16:00:09
Cryptoglobe Neutral - WallCoin: US Lawmaker Recommends Using Cryptocurrency to Fund Trump's Mexico Border Wall read more.
12/14/2018 / 16:00:00
Newsbtc Neutral - Crypto ICO Price Continues to Fall, Likely Due to Growing Regulatory Pressure read more.
12/14/2018 / 15:45:12
Blokt Neutral - Ripples’ XRP Trades Near Bottom of Range – New 2018 Low Upcoming? read more.
12/14/2018 / 15:39:46
Cryptoglobe Neutral - #Ethereum (ETH) Price Analysis – December 14 read more.
12/14/2018 / 15:30:00
Cryptoglobe Neutral - #Bitcoin (BTC) Price Analysis – December 14 read more.
12/14/2018 / 15:30:00
Ccn Neutral - Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform read more.
12/14/2018 / 15:23:44
Trustnodes Neutral - Bitcoin Cash Falls Below Ethereum’s Price for the First Time, is This the End For BCH? read more.
12/14/2018 / 15:22:40
Cointelegraph Neutral - US Credit Union Blockchain Consortium Joins R3's Global Ecosystem read more.
12/14/2018 / 15:22:00
Blokt Neutral - Bitcoin [BTC] Breaks Below Key Support Level Creating New 2018 Low read more.
12/14/2018 / 15:14:13
Coindesk Neutral - EU Parliament Calls for Action on Blockchain Adoption in Trade read more.
12/14/2018 / 15:00:59
Coinspeaker Neutral - TransferGo’s Series B Funding Round Acquires $17.6 Million read more.
12/14/2018 / 14:53:31
Blokt Neutral - Ripple’s VP of Product Management Talks About XRP Price, Blockchain, xRapid, and More With PCMag read more.
12/14/2018 / 14:49:22
Cointelegraph Neutral - Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain read more.
12/14/2018 / 14:35:00
Negative
4.4%
Neutral
94.3%
Positive
1.0%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.