Home / Crypto Currency / Electroneum Price Turns Bullish Again as $200m Market Cap is Within Reach

Electroneum Price Turns Bullish Again as $200m Market Cap is Within Reach

Even though all of the major cryptocurrencies are dipping into the red, there are always a few projects bucking the trend. Electroneum is going on a tear once again while other markets bleed value. Although the current gain might not seem spectacular, the overall uptrend throughout late 2018 cannot be overlooked.

Electroneum Price Goes on the Rise

It is always interesting to see how different cryptocurrencies behave under the current circumstances. For Bitcoin and the top altcoins, things are not looking good and there is no immediate improvement in sight. Further down the market cap rankings, the momentum seems to turn bullish, as traders still want to make good money regardless of current market trends.

In the Electroneum price department, there is an interesting 5% gain in the USD department. Combined with a 6.5% gain over Bitcoin, it is safe to say speculators are turning bullish on this altcoin once again. Even though ETN doesn’t benefit from a high trading volume, there is nothing but positive momentum to note where this altcoin is concerned.

The reason for this current excitement is not difficult to find. Electroneum COO Jurgita Rhodes will speak during the Paris Blockchain Day event later today. Although it remains unclear what one can expect from this talk exactly, it will put Electroneum front and center in the blockchain world for a brief time. This type of marketing and appeal can be invaluable for smaller-cap altcoins like ETN.

The community also seems quite impressed with a recent video highlighting the potential of Electroneum to date and in the future. It is evident this altcoin takes its current plan of action incredibly seriously, which is no unnecessary luxury in the world of cryptocurrency. Another interesting marketing attempt for ETN, although its impact is difficult to gauge right now.

Traders are quite pleased with the current ETN momentum, for rather obvious reasons. Ramon Escalara is seemingly unable to contain his excitement, as he has been telling people to buy ETN for three weeks now. It seems that prediction came true in the end, as ETN has noted some very strong growth over the past few weeks. If this trend keeps up, surpassing the $200m market cap level should be relatively easy.

As is always the case, altcoins stand or fall based on their trading volume. For Electroneum, the current volume is anything but impressive, yet it seems sufficient to provide support for this latest uptrend at this stage. A small bump in volume can push the price over $0.025 before the day is over. A remarkable trend, especially when considering how all major cryptocurrencies are struggling all across the board.

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Some interesting momentum is brewing for the Nano altcoin right now. Although it is still too early to speak of a proper market reversal, the current development shows there is some life left in the altcoin department. Despite a solid increase in the BTC and USD ratio, Nano’s price remains above $2 with relative ease. Nano Price Continues its Uptrend It is an interesting weekend for all cryptocurrencies, even though the gains across the board are pretty slim, all things considered. As long as Bitcoin doesn’t show any real bullish or bearish pressure in the near future, causing altcoins to note some small gains or losses in the process. For Nano, things are heading in the right direction right now, although the momentum still remains somewhat shaky first and foremost. Over the past 24 hours, the nano price has risen by roughly 4% in the USD department. That means the altcoin sustains its value of $2 with ease, and has even reached a new level of $2.1. That is a pretty promising trend for altcoin speculators, even though it is not necessarily sufficient to keep things moving in this direction for the foreseeable future. The 3% gain over Bitcoin, on the other hand, is a bit more promising. Unfortunately for Nano, all of the discussions across social media have something to do with price speculation right now. Considering how this is a sign there isn’t anything spectacular happening to Nano right now, one has to wonder how it impacts the overall market momentum. K Sizzle thinks Bitcoin’s price will push to $7,000 and drag altcoins with it. Shortly after, a retrace will kick in, which is rather common. Seems like a plausible route to 7k mark before a retrace #btc #vet #qsp #omg #xvg #nano #ada #XLM #tpay #eca pic.twitter.com/fRSDGtxEUu — K Sizzle (@KSizzle021) October 21, 2018 Some traders are convinced the Nano price will remain under pressure from people looking to push the value below $2 once again. Whether or not that will effectively happen in the near future, is a different matter altogether. For now, the momentum looks positive, but this trend will effectively lead to a small correction sooner or later. NANO stays under pressure, watch key resistance by trader CryptalDash published October 05, 2018 #bitcoin #nano #nanobtc #btc #cryptocurrency #nanocoin https://t.co/SPp354Nhvy pic.twitter.com/Ofo6XkJuwY — BitcoinAgile (@bitcoinagile) October 21, 2018 Last but not least, Torjus Gaaren is looking for further Nano price gains in the near future. Although the current momentum seems to warrant cautious optimism first and foremost, one has to keep in mind no financial market can continue to rise indefinitely. In the case of Nano, this trend remains in place, although its week trading volume can easily trigger a big sell-off in the future. #NANO very good trade with clear target if it breaks out upwards. Trade described in chart. pic.twitter.com/7hcK6woxMz — Torjus Gaaren (@TGaaren) October 20, 2018 With all of these trends in place, it will be interesting to see what the future will hold for Nano. It is still one of the most resilient altcoins on the market, and its push into Venezuela will undoubtedly continue to generate a fair bit of attention. Altcoins are in a good place right now, which might very well hint at a continual uptrend in the future. The post Nano Price Uptrend Remains Intact as Value Surpasses $2.1 appeared first on NullTX.

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