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!