BTC has gone down from 20k to 5k. That's a decrease of 4 fold
That means ETN has decreased in value 10 times as much as BTC.
I'm not protecting ETN team here, but man, almost every low cap altcoin has got its value decreased that much in this bear market. ETN is not an exception.
ETN has gone down from 0.2$ to 0.005$ That's a decrease of 40 fold
For a quick min yes.it was uo there
There is nothing that has come to fruition from all the behind the scenes work and building process that would put the price high at this point.
The trick to crypto is to look at what the plans are, and what has been accomplished in the building process so far, and then judge if future plan will create increased value.
Then, decide if you think they will deliver on the plans they have for the future.
If your answer is yes and yes, then you buy.
If you think either question is a no, you sell or dont buy in the first place.
I see the answer to both questions as:
Yes, they have a plan that will greatly increase the value of ETN in the future
And Yes, I believe they have the resources and expertise in place to accomplish their plans.
***BIAS ALERT - I am not a neutral mod or admin. I am the ETN Community Manager on BCT.***
***Never invest more than you can afford to lose, and dont mistake my posts as investment advice***
