It was to be expected most of the top cryptocurrency markets would turn bearish rather soon. After several days of positive momentum, it is evident a correction needs to kick in sooner or later. For the time being, most setbacks are kept to a minimum. The Electroneum price, however, is giving up ground at an accelerating pace all of a sudden.
Electroneum Price Hits a Roadblock
Despite some very interesting developments behind the scenes, it would appear Electroneum isn’t necessarily capable of sustaining its value right now. This is primarily because Bitcoin has turned rather bearish again, which usually triggers an industry-wide panic where altcoins, tokens, and digital assets are concerned. Electroneum has seemingly gotten caught up in the craze right now, which would explain the most recent losses.
Over the past 24 hours, it would appear the Electroneum price has dropped by 4% in USD value and gave up 3% in BTC value. As such, one ETN is valued at $0.0069, which means control over the $0.007 level has been lost. If the 190 Satoshi threshold holds, however, there is no reason to be overly concerned as of yet. This appears to be a temporary setback based on Bitcoin’s momentum first and foremost.
The big news of the day is how Electroneum’s Android application now supports cloud mining as well. Although iOS users have been able to access this functionality for some time now, it would appear Android users will be able to get in on the action as well. A pretty big development, assuming users are willing to complete the mandatory KYC verification.
Good news Android fans! Cloud mining is now available to you. Download the Electroneum app and get access today: https://t.co/SfUootAYcJ pic.twitter.com/1QNrIZnCEu
— electroneum (@electroneum) February 11, 2019
So far, the initial feedback regarding the Android release has been pretty positive. It works exactly the same as its iOS counterpart, with users expecting to receive a payout when their balance surpasses 100 ETN. As Android users can now access this functionality too, the ecosystem will undoubtedly continue to grow at a pretty steady pace.
#Android #ETN cloud Miner..