New Monero ASICs are hitting the news last few days, and since it's the Cryptonight algorithm they are mining how this will affect the ETN?
Both Bitmain and Baikal announced that Monero ASICs are coming to the market - Bitmain Antminer X3 and Baikal Giant N
This is rather big thing, so hope that Electroneum will be protected in a way otherwise it will crash the market, which is already unstable.
This is not going to have immediate impact on ETN as there are much more profitable coins based on NeoScript :-
https://whattomine.com/Hence, if you paid a lot of money for an ASIC miner then you would not choose ETN(at the moment ;-) )!
I'm not sure why you think, and other people, this is going to crash the market. ETN, which is based on Monero, and like most coins already has this problem addressed. In the short term as more people, ASIC miners etc, mine then the difficulty will increase to regulate the blockchain. There is a purest debate about decentralised or centralised mining that should not have direct impact on price due to the direction of the coin.
In the medium term Monero will fix the problem and ETN will follow suit.
Long term, yeah there is talk about super ASIC miners with larger memory. But, here is the kicker, ASIC miners are fast and efficient because the logic is baked into the PCB. Interestingly enough I have a friend who designed one of those boards. Anyway, all you have to do is oppose the current algorithm and the ASIC has lost it's speed. Personally I would not buy an ASIC miner because, as per the the working on their own websites, a change in the algorithm could wipe out your ROI!