ETN (Electroneum) rose 21.65% in the last 24 hours.
Gate News Bot news, on August 19, according to CoinMarketCap, as of the time of writing, ETN (Electroneum) is currently priced at 0.00333241 USD, with a pump of 21.65% in the last 24 hours, reaching a high of 0.00338281 USD and a low of 0.00254491 USD. The current market capitalization is approximately 59.99 million USD, an increase of 1.07 million USD compared to yesterday.
Electroneum is a blockchain platform focused on sustainability. By designing a unique proprietary verification system, Electroneum claims to have created the most environmentally friendly and cost-effective blockchain on Earth. The platform boasts 5-second single-block finality, providing fast, cheap, and green blockchain solutions. Electroneum has been collaborating with NGOs and foundations to operate its validators since 2018. The platform has EVM compatibility, offering security and speed while maintaining a sustainable infrastructure. Electroneum is a member of the Digital Pound Foundation, has received the Crypto A.M. award, and is a member of the GSMA.
Important recent news about ETN:
1️⃣ UK regulator lifts ban on crypto ETNs for retail investors The UK’s Financial Conduct Authority (FCA) recently announced the lifting of the ban on retail investors purchasing cryptocurrency exchange-traded notes (ETNs). This policy change could bring broader market acceptance for cryptocurrency-related products like ETNs, potentially driving the demand rise for ETNs and other crypto assets.
2️⃣ London Stock Exchange plans to launch Bitcoin ETN market The London Stock Exchange announced plans to launch a Bitcoin ETN market in May this year. This move indicates that mainstream financial institutions are becoming more accepting of crypto assets, which may attract more institutional investor attention to cryptocurrencies, including ETNs.
3️⃣ VanEck Europe Launches Multiple Cryptocurrency ETN Products VanEck, an asset management company, has recently launched several cryptocurrency ETN products in the European market, including ETNs for Sui and Solana. VanEck has also enabled staking rewards for its Solana ETN. These actions reflect the ongoing innovation and expansion of the crypto ETN market, which may indirectly increase investor interest in smaller cryptocurrencies like ETNs.
From a technical perspective, the ETN price has seen a significant rise in the past 24 hours, breaking through recent resistance levels. However, investors should closely monitor changes in market sentiment and potential pullback risks.
This message does not constitute investment advice; investors should be aware of market volatility risks.