Electroneum price EUR (ETN price )

Electroneum is a mobile crypto platform that offers an instant payment system. The project was formed in July 2017 and was launched in September 2017. The objective of the Electroneum project is to provide the fastest and most secure crypto transaction network with minimal fees for the unbanked population. For additional information about the origin and use of Electroneum, you can access the "About the Electroneum cryptocurrency" page.

Cryptocurrency Electroneum (ETN) - price fluctuations

As in the case of traditional investments, an overview must be formed that aims at possible losses or profits. At the same time, it should be noted that the demand for Electroneum is an increasingly significant factor, because the cryptocurrency is also traded outside the normal schedule of stock exchanges. With an overview of cryptocurrency, investors can trade calculatedly and take advantage of Electroneum (ETN) price fluctuations.

What determines the price fluctuations for the cryptocurrency Electroneum (ETN)?

Electroneum price fluctuations are influenced by a number of factors:

Electroneum demand and supply in the market and liquidity in Electroneum pools

Considering the traditional economic concepts, if the demand is high, the price of Electroneum will increase. Conversely, if the demands are reduced, the price of the cryptocurrency falls. Demand is influenced by a variety of factors, such as media attention, the global economy and financial regulations. The ETN cryptocurrency has a limited supply of 21 billion units, a fact that places it next to digital goods like Bitcoin, which is a useful asset in combating inflation.

Popularity and media attention for the Electroneum cryptocurrency

The popularity of the cryptocurrency Electroneum (ETN) is a major factor influencing the price. Simple curiosity about cryptocurrencies leads to high investments, which affect the market price. At the same time, the price is influenced by announcements from state authorities and companies in the field. The phenomenon of FOMO (fear of missing out) can be created around these situations, which is represented by investors' fear of missing the moment of entering the market. To avoid the feeling of FOMO, investors should educate themselves about the real factors that determine the price of Electroneum.

Economy - Ecosystem Electroneum (ETN)

The economic risks of the states are another aspect that can lead to the increase in the price of the Electroneum cryptocurrency (ETN). Especially in countries with high inflation, people are turning their attention to new methods of protecting money, a fact that can influence the value of Electroneum.

Electroneum Price - Frequently Asked Questions (FAQ)

What blockchain does the Electroneum cryptocurrency use?

Proof-of-work blockchain that uses the CryptoNote algorithm.

How do I mine Electroneum cryptocurrency?

Through the Electroneum mobile application.

What is the highest Electroneum price in EUR?

The highest Electroneum price was recorded at EUR 0.16.

Knowing the causes that influence the price of the Electroneum cryptocurrency (ETN) makes it easier to understand the fluctuations in the crypto ecosystem.