For week I had been watching the announcement on electroneum (ETN) website about their "coming back soon" message and was waiting in anticipation as to what new and great would be coming when they return on web log in. Three days ago they started their count down clock and made everyone anticipate with great expectation about their new and highly secure environment from world renowned security companies.
The yesterday at the appointed time they opened up web login and registrations were started. I my self was waiting for many days since I had started mining electroneum since last few days. But as soon as i started my registration a feeling od desparation started within few minutes. There was no progress and with lots of trying and retrying I was able to verify my mail id, then it asked to verify my mobile with the OTP and yes of course they never sent or it never arrived even after 21 hours.
Moreover look at the price of electroneum from the time they came back and started their web login. Just before the appointed time it was being quoted at US $ 0.1211 and suddenly for no reason it started to tumble and landed at US $ 0.0504. Presently it is quoted around US $ 0.0690. A fall of more then 50% in just few hours! What went wrong? what Happened?
Was it a panic selling? Was it dumping? or something else?
It was anticipated that after the come back of the promoters on website it will come with some more new features and good news for investors and community. Nothing is coming out from promoters either. Only yesterday it was one of the most profitable currency to mine and hold. I hope the promoters would soon come out of some plausible explanation for such an event and reassure the community.
It was clearly people dumping due to failed relaunch... Electroneum developers blamed Amazon for it, but it wasn't Amazon's fault that they couldn't deliver the mobile miner.