Electroneum Price up Over 40% – Insane Gains Continue

2018-9-28 00:24

After rising over 200% in the past 30 days, the Electroneum price is continuing its spectacular price gains. ETN is up over 40% in the past 24 hours with no end in sight. The trading volume has picked up as well which was one major concern with the ETN market earlier in the rally.

In our previous Electroneum market analysis article, we mentioned how “If the trend keeps up, it is a matter of time until the Electroneum price hits $0.02 again.” That is exactly what happened as ETN is now trading at $0.022 up from $0.013 just a day earlier.

What is Electroneum exactly?

Electroneum was initially launched as an ICO in September of last year. According to icodrops, it raised close to $40 million in funding at a $0.01 valuation. It is refreshing to see an ICO that actually made investors a profit.

ETN was forked off Monero so the two are extremely similar. One thing that sets Electroneum apart is how they focus more on the mobile side of things. For example, they have a mobile app that you can use to mine ETN, which is great for those people in developing countries who don’t have access to a computer but still would like to participate in the ecosystem. You can check out our “What is Electroneum” article for more info on the crypto.

What is going on with the Electroneum price?

Other than the obvious speculation and FOMO, what is driving the Electroneum price up?

One main factor could be the recent patch that ETN wallets went through on various exchanges. Since Electroneum is a Monero fork, it inherited the “burning bug”, which was recently discovered in the XMR source code.

In short, the burning bug allows hackers to drain exchange wallets from their XMR funds at a very low cost. While the bug doesn’t allow someone to “steal” cryptocurrency, it creates an opportunity for hackers to make coins on an exchange wallet completely unusable. Quite a nasty bug that thankfully has been patched since.

After the successful update, ETN price exhibited quite a bit of bullish momentum, which leads traders to believe the two are related. On the other hand, Monero’s price moved up only a few percent even after the patch, which could mean there are other factors at play.

What do you think is the reason behind Electroneum’s insane price rise? Let us know in the comments section.

The post Electroneum Price up Over 40% – Insane Gains Continue appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

UpToken (UP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0296399 (-100%)

price gains electroneum past etn insane continue

Источник: nulltx.com

price gains → Результатов: 126


Gains Network Price Prediction 2023 – 2025 – 2030 | GNS Price Forecast

In this guide, we will voice our own and the market’s opinion on GNS future while discussing the Gains Network price forecast for 2023 and beyond. Please bear in mind that you should take this, and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the […] The post Gains Network Price Prediction 2023 – 2025 – 2030 | GNS Price Forecast appeared first on CaptainAltcoin.

2022-12-14 15:49


Gains Network Price Prediction 2022 – 2025 – 2030 | GNS Price Forecast

In this guide, we will voice our own and the market’s opinion on GNS future while discussing the Gains Network price forecast for 2022 and beyond. Please bear in mind that you should take this, and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the […] The post Gains Network Price Prediction 2022 – 2025 – 2030 | GNS Price Forecast appeared first on CaptainAltcoin.

2022-11-23 14:29


Фото:

Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s:Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to MarkupThis shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s.

2018-9-24 21:29


Фото:

XRP Price: Bullrun Continues as Market Cap Nears Ethereum’s Valuation

The current XRP price momentum is a lot more bullish than anyone could have predicted. After a strong day of gains yesterday, the upward momentum seemingly continues without missing a beat. In fact, a 42% increase in 24 hours is very uncommon, as it is pushing the XRP market cap closer to Ethereum’s as of […] The post XRP Price: Bullrun Continues as Market Cap Nears Ethereum’s Valuation appeared first on NullTX.

2018-9-21 13:49


Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis: Altcoin Sellers Reinvigorated After Sep 18 Pull Backs

Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and.

2018-9-20 03:02


Cardano, EOS, Stellar Lumens, Monero, Litecoin Price Analysis: Exchanges Ramp Up Altcoin Listings, Hints of Market Confidence

Though EOS, Cardano, Monero, Stellar Lumens and Litecoin price analysis portray positivity, we are yet to see strong gains safe those of early last week. Litecoin news of Gemini listing coupled with Abra’s addition of Cardano (ADA) are bright spots but first Cardano prices must rise above 7 cents nullifying current sells.

2018-9-17 03:02


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

ADA Price Surge Could Push Ratio Of Holders In Loss Below 55%

Cardano (ADA), the proof-of-stake blockchain network known for its smart contracts, has defied recent predictions of a fall from the top 10 cryptocurrency rankings by market cap. In a surprising move, ADA has instead become the top performer among major coins, experiencing a 7% surge in the last 24 hours.