todaysgazette.com
Electroneum (ETN) the mobile currency is one of our favourite coins which promises a lot but has delivered little so far. The coin despite its recent downturn in value has stayed true to its course in its aim to bring cryptocurrency payments to mobile audiences and smartphone users. One region where Electroneum has started to gain traction is Africa.
Africa is the second most populated continent in the world with a growing number of smartphone users and Electroneum is looking to leverage the potential for adoption within the region.
The new Electroneum M1 smartphone device which enables easier mobile mining was launched in South Africa at a budget-friendly price of $59.
It is no surprise that the M1 smartphone immediately sold out in the country with the lure of earning ETN daily from mining a major factor.
There have also been a growing sensitization about the coin in Eastern Africa with a number of businesses in this region accepting ETN as a means of payment.
This growing trend bodes well for the coin as looks to become the second most popular coin in the region after Bitcoin.
Electroneum (ETN) Price
Electroneum (ETN) is the 138th largest coin in the crypto market.
The ROI of ETN stands at negative 95.87%.
A total of 9,549,777,111 ETN coins are in current circulation.
The current market cap as on June 3 at 15:49 UTC stands at $37,237,779 USD
The value of each ETN coin in terms of USD and BTC stands at $$0.003899 and 0.00000046 BTC respectively.
The current 24h volume at the same UTC stands at $367,443 USD
Electroneum (ETN) Price Comparison
Electroneum (ETN) has shown variations in its price since the start of 2019 and this looks unlikely to change
The market cap a month ago on 3rd May was $50,274,490 USD and the value of each coin stood at 0.005358 USD and 0.00000092 BTC.
The current market cap and the value of ETN shows a devaluation of 27.23% less than the figures for last month.
Electroneum (ETN) Price Prediction
At this moment the coin is really struggling to emerge from its bearish slump. However, Electroneum has some milestones in store in June and this could theoretically see a rise in the value of the coin in the coming weeks.