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

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.

Electroneum (ETN) Current Market Status

As of the time of writing this Electroneum price analysis, ETN trades at $0.0134 with a 24-hour trading volume of $666,808. The price of ETN has decreased by 3.57% in the last 24 hours.

Furthermore, ETN has a current circulating supply of $17,850,046,717. Currently, the top cryptocurrency exchanges for ETN are  Huobi Global, BiONE, HitBTC, KuCoin, and BiKi.

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

Electroneum (ETN) Price Analysis 2021

Currently, Electroneum holds 303rd 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.

Based on the graph above, the chart displays a 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 HNT has a higher chance of going bullish than bearish.

The Relative Strength Index (RSI) is at 35.87, which means that HNT is in a neither overbought nor oversold state. Moreover, this indicates that crypto traders and investors can trade safely without any fear.

Furthermore, crypto traders must trade cautiously and must not be affected by the cryptocurrency market hype. With this in mind, cryptocurrency traders must be careful to avoid 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.

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 (ETN) Price Prediction 2021

The chart below shows that Electroneum has performed great over the past few days. Moreover, the ETN price is over 68% in the last 7 days. If this trend continues, ETN might run along with the bulls, overtaking its $0.04 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone ETN from its uptrend position. In simplier terms, the price of ETN might plummet to almost $0.005, a bearish signal.

Meanwhile, our long-term ETN price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.236 this year. However, that will only happen if it breaks many previous psychological resistances.

Electroneum (ETN) Price Prediction by 2022

If this bullish trend continues, ETN will reach $3 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $3.5. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $3 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Electroneum (ETN) Price Prediction by 2023

The price of ETN can move even great heights, however reaching $7 Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency ETN breaks past psychological resistance level.

Electroneum (ETN) Price Prediction by 2024

As per the latest upgrades, developments, ETN price prediction, and new project forecasts of the platform. 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 $10.

Electroneum (ETN) Price Prediction by 2025

In the next four years, ETN prices could race up to $15. 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 a 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 $0.04. As said above, it may even reach $2 if investors have decided that ETN is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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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