|Consolidation at 300 satoshis|
High over 400 satoshis
After hitting a high of 410 satoshis ETN fell back to 270 satoshis. It has consolidated at 300 satoshis and is still trading strongly at that level. (has been for the last couple of days)
I think the next move for Electroneum will be up again.
This price action certainly could be the result of manipulation by a whale and it could turn into a massive crash at anytime if it is (ie something like EVR (Everus), recently pumped then crashed for a 90% loss to all holders). It doesn't smell like a whale to me though. I actually converted a few hundreds of UBQ to buy some ETN. If you don't have a cryptonight ASIC it is very difficult to mine ETN today.
Used antminers are cheap and make about the same amount of money as you spend on electricity (in a favourable electrical pricing regime). If ETN pops though, what you mine today could become worth much more.