Electroneum has seen better price action in the past. Peaking on September 28th with the value of $0.026991 with more than $12 million in daily trade volume, the currency dropped to $0.018009 just a day later. The next week saw ETN move in a sideways patter before it broke out above $0.025 on the 9th and the 15th of October. After the second peak the currency went into a two-week redline which ultimately led it to forming a monthly low of $0.013624 on the 25th. After recovering to $0.019, ETH retracted to $0.018 and has hovered around that value during the last couple of days.
At the moment of writing ETN can be purchased for $0.017698 USD (-2.62% drop in the last 24 hours)/0.00000281 BTC (-2.38% drop in the last 24 hours). This is a far cry from the token’s all time high of $0.229367 (a drop of 92%). Daily trade volume of the currency sits at $1,209,025, with most of it coming from Kucoin (26%), Liquid (24% and Cryptopia (22%). With a market cap of $146,560,839, Electroneum is currently the 52nd most valuable cryptocurrency on the market.
After launching its free payment e-commerce software which recognizes and accepts payment options like Paypal, Skrill, Sofort, Amazon Pay and others, Electroneum seems ready to expand its reach as a blockchain-based payment solution. The software is named ETNCommerce and has so far integrated with Joomla, WooCommerce and Magento, enabling store owners who support these payment processors to start accepting ETN. The open source nature of Electroneum software and the fact that it’s free to use are some of the reasons why the community thinks that more developers and users will join the project soon enough.
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The project has one important milestone coming up, one that the community has shared thoughts about. We are of course talking about the KYC compliance that ETN is going to introduce on November 12th. Some fear that the lack of privacy which comes with KYC...