More bearish pressure is the last thing all crypto markets need right now, yet it is exactly what they will get. With Bitcoin on the precipice of losing even more value, the alternative markets are struggling to stay afloat. Most losses are kept to a minimum, yet it appears the Electroneum price remains under a lot of downward pressure.
What is Happening to the Electroneum Price?
It is rather apparent the good news affecting individual crypto markets will not necessarily result in promising price momentum. Although the Electroneum team released its M1 smartphone, the market has not responded in kind whatsoever. Instead, it seems the value of ETN continues to dwindle, as it has now dropped below $0.007 once again.
To put this in perspective, the past 24 hours have not been kind to Electroneum in the slightest. In fact, it would…