In the cryptocurrency world, success can come in many different forms. Although the price of a currency is usually a determining factor, a growing ecosystem can be equally as, if not more, valuable. For Electroneum, it seems both sides of the same coin are coming together, as the growing ecosystem allows for a higher price and vice versa. Sustaining a value of $0.007 and higher, will be difficult.
Electroneum Price Rush Continues
In a way, it is good to see Electroneum resume its earlier price trend. That particular run started off incredibly promising, it would appear there is a bit more than just a temporary push. In fact, the price is going through a pretty good run altogether now, primarily because of the recent addition to Huobi Global. Getting more exposure on exchanges will remain an ongoing struggle for any altcoin.
Over the past 24 hours, it becomes apparent the Electroneum price remains bullish, for the time being. With a 7.8% gain in USD value and a 7.5% increase in ETN/BTC, there is nothing to be concerned about. What is more important is how the ETN trading volume has surpassed $1.3m, which is an unusual sight for this particular market. More liquidity is direly needed for Electroneum, for obvious reasons. Sustaining this interest in the currency may not be straightforward, though.
On social media, it is evident the Huobi Global listing for Electroneum has triggered a lot of excitement. Tola Joseph Fadugbagbe is confident this is only the beginning of an extensive bull run for ETRN. While there is a case to be made in that regard, it remains to be seen if other exchanges will pick up ETN as a future listing as well. So far, that hasn’t happened as of yet, but there is still plenty of time to make something happen.
Mass market adoption is all I see. Mass market adoption is all I envisage. #ETN, my first love. ETN going after a multi trillion dollar industry is the real deal, ranging from the smartphone industry, airtime and mobile data industry. Oh, my precious! 😍
— Crypto Masterclass | Tola Joseph Fadugbagbe (@connectwithtola) March 14, 2019
Crypto Pug, on the other hand, is wondering if Binance has finally gotten the message regarding Electroneum. More specifically, this user wants to see the exchange add ETN pretty quickly, yet it seems unlikely that will be the case. It is certainly true Electroneum could generate some decent trading volume of Binance to make the trading company good money, but for now, that is mere speculation.
@cz_binance take a look at the trading of @electroneum on @HuobiGlobal today! It’s only been on a few hours, and already over 200 million #etn has been traded with #bitcoin and #ethereum !! Think of the volume this would also have on your exchange @binance thank you #Uganda
— Crypto Pug (@Pugloves_crypto) March 14, 2019
Last but not least, Stevie Haynes is taking a very interesting albeit unsuccessful approach to boosting Electroneum’s mainstream appeal. Integrating this currency into Fortnite would certainly be a game changer, yet the parent company is making plenty of money without introducing obscure payment methods all of a sudden. As such, this effort will be unsuccessful at this time, but it could give the company something to think about further down the line.
— Stevie Haynes (@thesteviehaynes) March 14, 2019
For the time being, there is no reason to expect this ETN price trend to reverse course. Although the top markets are still in a bit of an awkward place right now, it would appear Electroneum has found its stride already. Maintaining this positive run will prove to be a major challenge, even with this increased trading volume. However, things are looking promising, at least for now.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.