Even though it has been a relatively good week for the Electroneum price, all good things come to an end eventually. As Bitcoin is showing uber bearish signals once again, all other markets follow in very quick succession. A steep price decline is the logical outcome for all currencies, tokens, and assets in this regard. Even so, the Electroneum iOS will seemingly be distributed to more users, which is a positive sign.
Earlier this week, the value of Electroneum went through a seemingly bullish phase. Although that caught some users by surprise, it is evident this particular development was also to be expected. With the cloud mining app for iOS being released to testers this week, a price shift was the logical outcome first and foremost. As such, the value per ETN almost approached the $0.007 mark in quick succession.