2021 had a bullish start! The king of cryptocurrency Bitcoin, started this year with unprecedented highs, due to its high demand and interest at the retail and institutional level. The price of BTC climbed to $ 34,000 on Sunday, the 12th anniversary of the Bitcoin network. After the bitcoin rally, major altcoins also showed strong bullish feelings. The Electroneum coin (ETN) gained nearly 15%.
Electroneum – ETN Price Analysis
On January 4, 2021, the price of Electroneum opened at $ 0.004780 with a 15% surge, ETN price hit the all-time 24-hour high to hit $ 0.005182. According to technical indicators, the Electroneum broke through the 200 day moving average and is currently consolidated above. However, going forward, if ETN manages to stay above $ 0.0045, then $ 0.005, $ 0.0057, $ 0.0066 are the resistance levels.
Currently ETN is trading above the bullish double cross of the 200MA and 1 week exponential moving averages. If the altcoin dips below $ 0.0045, the closest support levels are at $ 0.0043 and $ 0.0037.
As of press time ETN is trading at $ 0.004988, Electroneum is ranked 155th among cryptocurrencies by market cap at $ 52,108,073. The current supply is 10,223,582,959 ETN of 21,000,000,000 ETN, which means that almost half of the maximum number of coins has already been mined. The cost of an ETN coin is equivalent to 0.00000016 BTC.
Reasons behind a drastic push!
AnyTask.com – an independent market supported by Electroneum
This week marks the first time #Crypto the company will advertise its product on American mainstream television! Take note of @anytaskofficial part of the @electroneum product family. @ForbesCrypto @business @Adobe Keep your eyes peeled, it’s about to be huge. #AND N #On Monday #electroneum pic.twitter.com/uyCev3IZ7g
– Michael Marsh (@MichaelNMarsh) January 3, 2021
AnyTask entered the market at the right time! The platform aims to provide an income opportunity through online freelancing at no cost to the sellers. It provides a digital economy across the world, even for those who are unbanked or just use smartphones.
– AnyTask (@anytaskofficial) January 4, 2021
The independent platform supported by Electroneum also searches for buyers, providing them with full payment security and a 100% full money back guarantee.
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The cool part of the platform is that AnyTask connects freelancers eager to earn ETNs with buyers of digital tasks who in many cases don’t understand cryptocurrency.
First Crypto Advertising of Electroneum World on U.S. Television
Today is the day …
– electroneum (@electroneum) January 4, 2021
According to the announcement of the head of Electroneum, the major television advertising campaign in the United States has been brought forward from December 28 to January 4, 2021.
According to Mr. Ells.
“Starting January 4, our AnyTask ads will run on major TV networks such as CNBC, Fox Business, CNN and many more, making us one of the very few crypto startups to advertise. on the television.” “The campaign will then be spread around the world, gradually. As soon as we have the full list of TV channels, dates and times of these commercials, we will make it public. “
Electroneum is a UK-based form of cryptocurrency with around 50 employees. The platform was launched in 2017 with an ICO of $ 40 million. The main goal of the platform is to provide a mobile payment solution to the world’s unbanked population, which to date includes over one billion people across the globe.
To date, Electroneum’s advancements in technology, advertising, and major stock exchanges have helped its price take off.
Since the cryptocurrency market tends to follow Bitcoin in terms of price trends, ETN was doomed to lose its original high price with the rest of the market almost from the very beginning. However, the project enjoys strong community support and has a chance for a bright future.