Electroneum (ETN) will take off sooner rather than later

[jings009]

Electroneum’s ETN cryptocurrency had a good week the week before last week. It kept rising all week long so it was expected that it would adjust downwards at some point, which is what’s been happening in the last couple of days. It’s been losing value moderately, as all crypto coins have.

The trend is headed by Bitcoin, as usual. Let’s not forget that almost every cryptocurrency is pegged to Bitcoin in some way because most of them are paired with it in exchanges, so when Bitcoin goes down, most other tokens go down as well, one way or the other.

The token has lost 1.76% in value over the last day, in terms of value against USD. This shouldn’t scare anybody off. It’s trading at $0.0149 as we write this. The current price keeps it around the $0.01 mark and it’s expected to go back up before going further down. It’s lost about 2% against Bitcoin, but this is the natural development of things every time that Bitcoin goes down, has it has for more than 10 months now.
Read more at http://globalcoinreport.com/electroneum-will-take-off/