Here is my Electroneum update for the month of October 2018. What we are seeing with the current trend of Electroneum (ETN) price is a very much sideways market.
However things are looking incredibly bullish for ETN.
I’m not going to go into the technical analysis and things like that. Mainly because news can drive the price up and down. Manipulation can do the same.
Technical analysis doesn’t seem to play a big part in cryptocurrency because it’s so volatile. We see crypto and coins get sent up and down so easily.
Aside from that lets take a closer look at Electroneum and what’s going on.
Electroneum Update – Moon?
As you can see we are going sideways for such a long time. Then all of a sudden with the release of the instant payment it shoots up. We saw a big climb with ETN for over a week straight.
Electroneum had a climb. Then came the small correction then an even bigger climb. Then we saw a small correction. Now for the past 4 days or so we have been going sideways.
Now we are seeing a trend with Electroneum. Now we are seeing higher triangles on the charts indicating more of bull territory.
There are a lot of correlations with Bitcoins price and other alt coins. However I don’t think this is the case with Electroneum. As long as ETN is coming out with positive news about their product I believe it will keep growing.
Electroneum seems to have a mind of it’s own. They don’t follow Bitcoin rules or other alt coins. Electroneum’s value will rise with the success of their project. A lot of this has to do with the ETN community and of course ETN’s product.
Electroneum – The Giant Awoke
Look at what Electroneum has done just over the past week. ETN has gone from a rank #120 coin to #46 breaking the top 50 coins in all of cryptocurrency.
Electroneum went pretty much from .005 cents to around .025 cents with over a 250% increase in value for the week. A lot of people were also anticipating a dump. We just didn’t know how much with the the freeze on wallets.
This past Friday the wallets went live and we only saw Electroneum drop to about .02 cents which tell us one thing. A lot of people are holding. It’s also very common for some people to take profits especially so on a Friday before the weekend.
As long as Electroneum is doing what they need to be doing. The Value will rise.
Right now we are still looking good and holding steady. Electroneum is #3 for growth in the past 7 days!
Electroneum – Current Status
People are still interested in Electroneum even though Bitcoin is basically the catalyst for the entire market.
What’s really good to see is ETN’s trade volume has really gone up. Now that the community is seeing ETN deliver their volume is at about $1 million every 24 hours. That is only going to go up.
Anything can happen at the end of the day. However I really believe we will see another upward movement with Electroneum especially with everything they have going on in the month of October.
Electroneum – Big Month Ahead?
Marketing officially starts this month with Electroneum. We don’t know exactly when. I think it will start when the first mobile operator gets announced.
It’s also possible it doesn’t start until the IOS app is live. Remember they are doing the BETA at the moment but it’s already been approved now. So it will basically release on the regular app store when they are ready.
What’s good to note also we are seeing messages from people on the IOS BETA saying how well it runs.
Everything is looking good and working for the most part.
So marketing starting soon. IOS app is on the way. Instant pay integrations. Woocommerce is now integrated.
ETN – Coinbase Potential?
Last but not least is the push to get 25,000 signatures to get Electroneum on Coinbase! This is not going to instantly get ETN listed on Coinbase but it’s another push in the right direction.
Go here to sign the petition: Electroneum on Coinbase
ETN is on Coinbase’s list for ‘coins being watched’ or something like that. Coinbase is obviously going to be more and more aggressive listing more and more coins on their platform. The top 50 is basically who they are watching the most I’m sure.
They are going to look at all the real work use case crypto currencies and list those accordingly. I believe Electroneum has a great chance. I believe Electroneum has a lot of time to mature and be an even better coin.
It’s not something we need to have next week. I think it’s something for the following months. We’ve got exchanges that are doing the job for us at the moment.
As you can see we are a top 50 coin without being on the bigger exchanges like Binance, Bitfinex etc.
So that’s it for now. Just wanted to give you an update on Electroneum. Some very exciting times ahead. Make sure to bookmark my site and check back for important updates.
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