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While some markets still show signs of bullish momentum, it seems that Electroneum is not necessarily doing the same. Not necessarily something to fear, as long as losses are kept to a minimum. For now, the price of the Electroneum remains good, although its trading volume seems particularly bleak.
The lack of price gains from the electroneum is normal
The week was pretty good for most if not all crypto-currencies, tokens and digital badets. This upward momentum was more than necessary, as the market capitalization of crypto was apparently about to reach $ 100 billion and potentially lower. Fortunately, this has never happened to this point, as all markets continue to look healthy right now. same Electroneum is doing well despite the small losses of today.
In the last few hours, there has been a slight downward trend in ETN. A 0.7% loss in USD and BTC lowers the Electroneum price to $ 0.00724 or 198 Satoshi. None of these setbacks are disturbing at the moment, although it remains difficult to reach and maintain the 200 Satoshi level. This in itself can be a little awkward at the end of the day.
Social media is still in turmoil with cryptocurrency discussions. Drshepard points out that Electroneum remains one of the fastest growing ecosystems in the entire industry. With an average growth of 4,100 users a day, it's pretty important. This is much better than most other projects or even businesses in this space, which makes the trend even more remarkable to watch.
# Electroneum Since 19 July 18, Electroneum has an average of 4100 users per day on average. The ecosystem continues to become bigger. To put things in perspective … At the same time last year: #Revolut said he was recruiting between 6,000 and 9,000 new users each day … #AND N?? pic.twitter.com/z1C5Ak7FLv
– drshepard (@cryptorosscoe) February 10, 2019
It also seems that Electroneum is in the running to feature on the DynX platform. She will be supported as a base pair, baduming she is victorious in terms of competition. Other participants include SnowGem, Litecoin Cash, ReddCoin and Nuls. Not necessarily the currencies that most people would like to see as a basic trading pair, other than perhaps the ETN or the RDD.
We did it !! 1006 votes !!
1st:@reddcoin
2nd:@LitecoinCash
3rd:@electroneum
4th:@SnowGemOfficial
5th:@nulsserviceWho will win?
Vote now: https://t.co/rNKGeAhhLt#dex #crypto #exchange #bitshares #bts #dgb #polis #btc #trade #lcc #and N #nuls #rdd #dynx pic.twitter.com/VWfYaXp78K
– DynX Exchange (DEX) (@DynXofficial) February 10, 2019
Although ETN is still quite popular at the present time, it's not an altcoin supported by the larger stock exchanges. A listing on Binance may not arrive soon, but it seems that Bittrex does not supply this market either. C. Alan Mack would like to see this aspect change in the near future. A valiant effort, even if these decisions will hardly ever be applied by the community.
A big congratulations to @BittrexExchange now it would be great if you list @electroneum # Electroneum ⚡️ so that everything #AND N investors may have the option of fiduciary matching ??⚡️ https://t.co/Dn5RPdbIyR
– C. Alan Mack (@MackCurt) February 10, 2019
The main problem for ETN is how it generates a trading volume of less than $ 100,000. Sundays are not famous for their high volumes, but if Litecoin can double the average volume, ETN would also expect better numbers. For the moment, this is not yet the case, which can actually hamper future price growth.
This article appeared first on NullTX.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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