-
Bitcoin
$84,387.5140
-0.05% -
Ethereum
$1,943.7021
0.88% -
Tether USDt
$1.0000
0.00% -
XRP
$2.4031
1.43% -
BNB
$616.1888
4.81% -
Solana
$135.6683
0.20% -
USDC
$0.9999
-0.01% -
Cardano
$0.7510
0.80% -
Dogecoin
$0.1767
1.94% -
TRON
$0.2218
0.10% -
Pi
$1.4531
-4.38% -
Chainlink
$14.0808
1.12% -
UNUS SED LEO
$9.8104
-0.29% -
Toncoin
$3.5534
20.82% -
Stellar
$0.2757
-0.49% -
Hedera
$0.1931
-0.21% -
Avalanche
$19.3090
2.07% -
Shiba Inu
$0.0...01282
-0.49% -
Sui
$2.3600
0.06% -
Litecoin
$93.0948
1.09% -
Bitcoin Cash
$343.9083
3.58% -
Polkadot
$4.3768
3.65% -
MANTRA
$6.6172
5.70% -
Ethena USDe
$0.9997
-0.02% -
Dai
$1.0000
0.00% -
Bitget Token
$4.4599
0.80% -
Hyperliquid
$14.5933
4.87% -
Monero
$210.8090
-0.19% -
Uniswap
$6.2920
2.99% -
Aptos
$5.3737
2.39%
What is the highest historical price of Electroneum (ETN) currency?
Electroneum (ETN) hit its all-time high of $0.2764 in 2018, propelled by bullish market sentiment and its focus on accessible, everyday transactions.
Dec 01, 2024 at 12:02 am

Highest Historical Price of Electroneum (ETN) Currency
Electroneum (ETN) is a cryptocurrency designed to provide fast and affordable transactions, particularly for everyday use. Since its launch in 2017, ETN has experienced fluctuations in its price, reaching both highs and lows. This article delves into the highest historical price of Electroneum, exploring the factors that contributed to its peak and providing insights into its subsequent performance.
Understanding ETN's Price History
To determine the highest historical price of ETN, it is essential to examine its price trajectory over time. ETN was initially launched in July 2017 at a price of around $0.01 per coin. It gained significant momentum in the following months, reaching its all-time high of $0.2764 on January 10, 2018. This remarkable surge was driven by a combination of factors, including:
- Positive Market Sentiment: The cryptocurrency market was experiencing a bullish trend in early 2018, with many coins reaching all-time highs. This overall market optimism contributed to ETN's price increase.
- Unique Value Proposition: Electroneum's focus on low transaction fees and accessibility for everyday users resonated with investors. Its mobile-friendly platform and partnerships with merchants made it stand out in the market.
- Initial Coin Offering (ICO): ETN conducted an ICO in 2017, raising over $40 million. The success of the ICO generated significant hype and demand for ETN, contributing to its price increase.
Factors Influencing ETN's Peak Price
Several factors converged to drive ETN's price to its highest point:
- Favorable Regulatory Environment: In the early days of cryptocurrency, regulations were relatively relaxed, allowing for greater speculation and investor interest. This contributed to the overall bullish market sentiment and the surge in ETN's price.
- Speculation and Momentum Trading: The cryptocurrency market is known for its volatility, and ETN was no exception. Speculative traders and momentum traders piled into ETN, driving its price higher.
- Hype and Media Coverage: Positive news articles and social media buzz around ETN generated excitement and FOMO (fear of missing out) among investors, further fueling its price increase.
ETN's Performance After Peak Price
Following its peak in early 2018, ETN's price experienced a significant correction. This was partly due to the overall market downturn that affected the entire cryptocurrency sector. Other factors that contributed to ETN's decline included:
- Increased Competition: As more cryptocurrencies entered the market, competition for investor attention and market share intensified. This forced ETN to compete with other established and innovative projects.
- Lack of Substantial Adoption: Despite its initial promise of providing affordable and user-friendly transactions, ETN struggled to gain widespread adoption among merchants and users.
- Internal Challenges: Electroneum faced some internal challenges, including delays in project development and concerns about its marketing strategies. These issues dampened investor confidence and contributed to its price decline.
Conclusion
The highest historical price of Electroneum (ETN) was $0.2764, reached on January 10, 2018. This peak was driven by a combination of factors, including positive market sentiment, ETN's unique value proposition, the success of its ICO, and favorable regulatory conditions. However, ETN's price subsequently declined due to increased competition, lack of substantial adoption, and internal challenges. Understanding the factors that influenced ETN's price history provides valuable insights into the dynamics of the cryptocurrency market and the challenges faced by altcoins in achieving sustained growth.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Ethereum (ETH) price fluctuates in 2025, causing some traders and investors to worry about its future.
- 2025-03-16 06:45:54
- title: Solana (SOL) Could Appreciate by 30x
- 2025-03-16 06:45:54
- John Squire Predicts Everyone Will Wish They Had Bought XRP by 2030
- 2025-03-16 06:45:54
- Cyber criminals were able to steal cryptocurrency worth 1.5 billion US dollars
- 2025-03-16 06:45:54
- Are Meme Coins Still a Profitable Investment?
- 2025-03-16 06:45:54
- Bitcoin's Limited Supply and Increasing Demand Creates a Compelling Investment Opportunity in 2025
- 2025-03-16 06:45:54
Related knowledge

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...

Which cryptocurrency websites are good for beginners?
Mar 14,2025 at 04:48pm
CoinbaseUser - friendly Interface: Coinbase offers a clean and intuitive interface that is easy for beginners to navigate. The platform is designed to be straightforward, with clear instructions for tasks like creating an account, depositing funds, and buying/selling cryptocurrencies. For example, when you log in, you are greeted with a dashboard that s...

How much will Bitcoin be worth in 2025
Mar 14,2025 at 04:23pm
Predicting the value of Bitcoin in 2025 is an extremely complex task. Bitcoin, as the pioneer of cryptocurrencies, has a price influenced by a vast array of factors, ranging from market dynamics and technological advancements to regulatory changes and global economic conditions.Market Supply and DemandLimited Supply: Bitcoin has a capped supply of 21 mi...

How to issue an ERC-20 token?
Mar 15,2025 at 04:20pm
Key Points:Understanding the prerequisites for ERC-20 token creation.Choosing the right development environment and tools.Writing the smart contract code.Compiling and deploying the smart contract to the Ethereum network.Testing the deployed token thoroughly.Listing the token on exchanges (optional).How to Issue an ERC-20 Token?Issuing an ERC-20 token i...

What are the core functions of the smart contract of ERC-20 tokens?
Mar 15,2025 at 11:10am
Key Points:ERC-20 smart contracts define the core functionality of a token, enabling transferability, balance tracking, and allowance for delegated transfers.Beyond basic token mechanics, smart contracts can incorporate features like burning, minting, and pausing token transactions.Advanced functionalities may include integration with other DeFi protoco...

What are the main functions of ERC-20 tokens?
Mar 13,2025 at 12:21am
Key Points:ERC-20 tokens are standardized tokens built on the Ethereum blockchain, enabling interoperability and ease of use.Their primary function is to represent fungible assets, meaning each token is interchangeable with any other of the same type.ERC-20 tokens facilitate various use cases, including fundraising (ICOs/IEOs), representing in-game asse...

How are ERC-20 tokens created on the Ethereum blockchain?
Mar 13,2025 at 01:30pm
Key Points:ERC-20 tokens are created by deploying a smart contract to the Ethereum blockchain.This smart contract defines the token's properties, such as name, symbol, total supply, and decimals.Several tools and platforms simplify the process, including online IDEs and dedicated token creation services.Understanding Solidity programming is crucial for ...
See all articles
