Electroneum (ETN)
1. Fundamental Analysis
1.1 Introduce
Electroneum is a Layer 1 EVM-compatible blockchain, catering to 4+ million users worldwide. The network boasts transaction speeds of just 5 seconds with instant finality and potentially the lowest smart contract fees available. Powered by the IBFT consensus mechanism and supported by known validators (targeting universities and Web3 infrastructure companies), the network is incredibly fast, secure and energy efficient. ETN provides the backbone for AnyTask.com a successful freelance platform in the crypto space.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | ETN | Market Cap | 51499467.983369 |
| Name | Electroneum | White Paper | -- |
| Web Site | https://www.electroneum.com/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://blockexplorer.electroneum.com/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 21000000000 | |
| Supply | 21000000000 | Release Date | 2017-11-03 |
| Available Supply | 17969109554.56 |
2. Technical Analysis
2.1 Kline Chart
2.2 Analysis
The analysis of the provided K-line daily chart data suggests the following conclusion:
- The asset has experienced significant volatility over the past two months.
- There is a strong possibility of a downward trend in the short term, indicated by the recent bearish patterns.
- The asset has reached a peak in the price action, and the potential for further price declines is high.
- The volume has been increasing, which could signal an accumulation phase followed by a potential price reversal.
- The overall trend is bearish, but there may be opportunities for short-term trading in a range-bound market.
