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Electroneum (ETN) has been trading back and forth in recent weeks with the mobile currency dropping 4 places to 64th in terms of Marketcap in the last two weeks. The crypto market has experienced a bearish trend since the turn of 2018 and it shows no signs of abating.
Despite this change of position Electroneum has continued to push through its roadmap for the year in timely fashion. This has made its boisterous community bullish about the prospects of a rebound in price in the coming months.
The blockchain has taken a novel approach towards mining that bodes well for the future. Its concept of mobile mining has been taken well by the crypto community amid initial reservations from critics.
Electroneum (ETN) Mobile Mining
Electroneum mobile mining App is available to download on both Android and IoS devices which is a huge one for the cryptocurrency. Apple is known to be strict towards acceptance of crypto apps and Electroneum acceptance shows that the blockchain is on the right path.
Furthermore, Electroneum has continued to update the App on both devices to ensure optimal and mobile-friendly functionality. Its recent update announced on February 19 has received good reviews with the average log-in and verification process shortened with this update.
Electroneum KYC Compliance Gaining Grounds
Electroneum has also continued to take advantage of its KYC compliance to attract investors and developers to its network. The blockchain is leading the charge for transparent transactions within its platform.
Electroneum continues to improve in its security and is seen by many as one of the safe platforms to conduct transactions. Since it gained its KYC Compliance more mainstream business have jumped on the network lending legitimacy to the project.
Investors are also attracted to the prospect of a coin that is ready to commit to long-term regulations and monitoring by the Authorities. ETN has grown in userbase steadily and boasts of over 2milllion users on its platform.
Electroneum Latest Price
Electroneum price has experienced a stable trade flow in the past week as the coin has rarely dropped below its current price of $0.007. Its trade volume has been steady and the coin rose by 0.66% in the last 24 hours.
This analysis of the price shows that the coin is still recovering from the bearish market. However, its recent development shows that ETN could rebound at some point in the year as it continues to make steps towards adoption.