If you are looking for a fun and informative article on ERN crypto price analysis, you have come to the right place. ERN is a cryptocurrency that powers Ethernity Chain, a blockchain-based platform that allows users to buy, sell, and trade non-fungible tokens (NFTs) featuring digital art from celebrities, athletes, and influencers.
But does ERN crypto have the potential to make you rich? Let’s find out!
Origin of ERN Crypto
ERN crypto was launched in 2021 as the native token of Ethernity Chain, a project that aims to create a bridge between the physical and digital worlds through NFTs. Ethernity Chain was founded by Nick Rose Ntertsas, a serial entrepreneur and investor who also founded 10X Capital, a cryptocurrency fund.
Ethernity Chain leverages blockchain technology to create unique and scarce NFTs that represent authentic and exclusive digital artworks. Ethernity Chain partners with leading figures in various industries, such as sports, music, entertainment, and gaming, to create NFT collections that can be auctioned or traded on the platform.
Ethernity Chain also has a social impact mission, as it donates a portion of the proceeds from each NFT sale to charitable causes chosen by the artists or celebrities involved. Some of the notable names that have collaborated with Ethernity Chain include Tony Hawk, Fernando Tatis Jr., BossLogic, and Winklevoss Twins.
Profitability of ERN Crypto
ERN crypto has been a profitable investment for some early adopters who bought it at its initial offering price of $0.275 on March 8, 2021, on Polkastarter, a decentralized exchange for cross-chain token pools and auctions. Since then, ERN has increased by over 600% in value, reaching its current price of $1.78 . However, ERN is still far from its all-time high of $73.86, which it reached on March 27, 2021, shortly after its launch. This means that ERN has lost some of its value from its peak, making it a risky investment for those who bought it at or near its highest price.
ERN crypto has also been volatile and unpredictable in its price movements, following the trends of the overall crypto market and the NFT sector. ERN has experienced several spikes and dips in its history, often influenced by external factors such as news, events, partnerships, listings, and market sentiment. For example, ERN surged by over 2000% in March 2021 after it was listed on Binance, the world’s largest crypto exchange by trading volume. However, ERN also plummeted by over 80% in May 2021 after the crypto market crashed due to regulatory and environmental concerns.
Current Price Analysis of ERN Crypto
ERN crypto is currently trading at $1.78 with a market cap of $31mn. ERN has a circulating supply of 17 million tokens out of a total supply of 30 million tokens and a max supply of 30 million tokens. This means that about 60% of the total supply and max supply are already in circulation.
At the daily timeframe level, $ERN’s price action demonstrated consolidation within a compression level, with a bounce back observed from its Horizontal Support level.
Currently, Respecting out Horizontal Resistance level marked between the $2.087 to $1.969 level.
Conclusion
ERN crypto is an interesting project that aims to create a bridge between the physical and digital worlds through NFTs featuring digital art from celebrities, athletes, and influencers. It has a loyal community and a strong vision, but it also faces many challenges and uncertainties in its journey. ERN crypto’s price has been volatile and unpredictable in its history, reflecting the ups and downs of the crypto market and the NFT sector.
ERN crypto’s future price is hard to predict with accuracy or certainty, as there are many factors and variables involved.
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