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Last night, there was a good deal of unforeseen on the market. It seemed that all the major markets would have undergone a massive correction following very strong gains. So far, most of the damage has been minimal, which is another bullish market signal. For Electroneum, the current gains remain in effect, as its price remains at $ 0.007.
Price of success of Electroneum in own Holding
When cryptocurrency markets cross a massive uptrend for several days, a brief correction is more than expected. So far, there has been no real sign of weakness, although some of yesterday's gains have been wiped out in the evening. Now that all the markets have seen a short period of less bullish momentum, things seem to have started to improve once again. Most of the altcoins are still in the green, which is always interesting to keep an eye on.
In case of Electroneum, things are not going so bad right now. Although there is only a minor gain in the value of USD and BTC, the $ 0.007 level has remained without too much trouble. With this new 2% gain, there could be a push to $ 0.0075 or $ 0.008 in the next few hours. Level 200 Satoshi is still slightly out of reach, although it will not take much effort to reach that too.
As usually happens when discussing altcoin on social media, a borderline shilling will occur. C. Alan Mack hopes to see Electroneum added to Coinbase in the near future. In his opinion, ETN is well on its way to mass adoption, which would make it one of the most successful projects to date. Reaching that goal will still require a lot of work, however.
Please add #Electroneum. ⚡️ #ETN it's a great project that's on its way to #Massadoption. @electroneum
– C. Alan Mack (@MackCurt) December 20, 2018
About shilling currencies, there are always Tweets that simply take the cake. In the case of Tony Griffiths, to state that Electroneum will be a "1000x coin" at the beginning of 2019 is a true affirmation. Such an increase in value would bring the value of each ETN to $ 7. This is still a fairly acceptable value when one considers that this altcoin has a supply identical to Bitcoin. Even so, this seems to be just wishful thinking rather than something that will actually happen in 2019 or never.
Electroneum is an Easy 1000x coin for the beginning of 2019 #ETN https://t.co/ynbt7UbIZA
– Tony Griffiths (@ LordC8HOC) December 20, 2018
What is actually happening, however, is a recent partnership with Sistemkoin. This Turkish exchange is slowly establishing itself in the world of cryptocurrencies. Electroneum firmly believes that Turkey will be such a critical market for this furniture-oriented cryptocurrency. A very interesting line of thought, even if it remains to be seen what this partnership can bring to the table exactly.
#Blockchain #Crypto Today we have announced our partnership with @SistemKoin. They are a key strategic partner for #ETN. Here are five reasons why they and Turkey are so important … pic.twitter.com/pplJSFYGFI
– Fair Ytrade (@ EsmaLoyal) December 20, 2018
Since the global positive momentum of the cryptocurrency remains in place, there is a good chance that the vast majority of markets will continue to see an uptrend for today. How high the prices will be, it's a completely different matter. Everything is possible in this area, but nobody should take the upper hand. For the price of Electroneum, a value of $ 0.0075 is certainly attainable, but this does not necessarily make it sustainable.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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