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Electroneum Price Prediction – Will ETN Reach $2 in 2021?

Electroneum Price Prediction
  • Bullish ETN price prediction ranges from $0.007 to $0.012.
  • ETN price might also reach $0.03 soon.
  • ETN bearish market price prediction for 2021 is $0.0059.

This Electroneum (ETN) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our ETN price analysis and prediction.

There is an ever-increasing hype surrounding the crypto world. However, many cryptos surged to a new all-time high during this 2021 bull run. In contrast, some crypto also had a downtrend. Therefore, many cryptocurrency traders and investors are confused about whether it is time to hold or sell their crypto for a good price. This might be the same scenario for ETN traders and investors.

Nevertheless, the crypto market is consolidating lately, and most cryptos are losing their previous gains. Is the scenario the same with ETN price? We’ll find out shortly in this ETN price analysis 2021 article. But first, let’s have a look at what ETN is.

What Is Electroneum (ETN)?

Electroneum is a mobile-phone-based crypto platform that provides an instant payment system. Moreover, the project was created in July 2017 and launched in September 2017 as the first UK-based cryptocurrency after completing a $40 million ICO.

The Electroneum project’s focus is to offer the quickest and safest crypto transaction with minimal fees for the world’s unbanked population. Truly, great news for the billions of unbanked people worldwide.

Now that we have an idea about ETN, do you think ETN will be profitable crypto in 2021? Join me and let us see the charts in this ETN price analysis and ETN price prediction.

ETN Current Market Status

As of the time of writing this Electroneum price analysis, ETN trades at $0.006244 with a 24-hour trading volume of $139,094. The price of ETN has increased by 2.61% in the last 24 hours.

Furthermore, ETN has a current circulating supply of 17.88B ETN. Currently, the top cryptocurrency exchanges for ETN are Huobi Global, BiONE, HitBTC, KuCoin, and Finexbox.

Now, let’s proceed to the next part of this ETN technical analysis for 2021.

Electroneum Price Analysis 2021

Currently, Electroneum holds 262nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the ETN blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this ETN price prediction article.

ETN USDT chart showing Symmetrical Triangle pattern
ETN/USDT chart showing Symmetrical Triangle pattern (Source: TradingView)

In the daily frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that ETN has a higher chance of going bearish than bullish.

As shown above, at the beginning of this month, ETN turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 51.78, which means that ETN is in neither an overbought nor oversold state. Hence, this may lead to a price reversal at any given time. 

ETN Relative Strength Index
ETN Relative Strength Index (Source: TradingView)

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of ETN.

ETN 30-day SMA and 50-day EMA
ETN 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, ETN’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, ETN has a competitive market this 2021.

Electroneum Price Prediction 2021

The chart below shows that Electroneum has performed great over the past few days. If this trend continues, ETN might run along with the bulls, overtaking its $0.0124 resistance level and climb higher.

ETN USDT Price Chart
ETN/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ETN from its uptrend position. In simpler terms, the price of ETN might plummet to almost $0.0059, a bearish signal.

Meanwhile, our long-term ETN price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Electroneum Price Prediction by 2022

If this bullish trend continues, Electroneum will reach $0.038 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.05. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.08 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Electroneum Price Prediction by 2023

If ETN holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.08, making it not plummet but play consistently.

Electroneum Price Prediction by 2024

As per the latest upgrades, developments, ETN price prediction, and new project forecasts of the platform, ETN investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of ETN in the crypto market, and it will be the best investment as the price can spike and reach around $0.15.

Electroneum Price Prediction by 2025

In the next four years, ETN price could race up to $0.25. However, reaching this level could not be so difficult for ETN as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that ETN has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

Electroneum has a bright future ahead of it in 2021. With the ongoing developments happening within the ETN ecosystem, as well as in the overall crypto market, we may see ETN reach new heights.

Bullish ETN price prediction 2021 is $0.012. As said above, it may even reach $0.03 if investors have decided that ETN is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is ETN?

Electroneum is the first cryptocurrency to provide an instant payment system and expands to the digital payments ecosystem.

How to Buy ETN Tokens?

Users can obtain ETN tokens by purchasing them from cryptocurrency exchanges such as Huobi Global or BiONE.

Will ETN Surpass its Current ATH?

ETN is a good investment in 2021. However, ETN has a high possibility of surpassing its current ATH at about $0.23 this year.

Can ETN reach $0.03 soon?

Yes, it’s very much possible that ETN might reach $0.03 in the near future as per the current bullish trend.

What will be the Electroneum price by 2022?

Electroneum (ETN) price is expected to reach $0.05 by 2022.

What will be the Electroneum price by 2023?

Electroneum (ETN) price is expected to reach $0.08 by 2023.

What will be the Electroneum price by 2024?

Electroneum (ETN) price is expected to reach $0.15 by 2024.

What will be the Electroneum price by 2025?

Electroneum (ETN) price is expected to reach $0.25 by 2025.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.