Electroneum is a mobile cryptocurrency, which has been designed for mass adoption and aims to make it happen by making it extra simple for smartphone users to acquire Electroneum. Recently, they have launched a new smartphone M1. ETN focuses more on speeding up the microtransactions, like purchasing mobile games, making payments for apps, and sending money to friends. The Electroneum ICO, which was launched on 14th September 2017 has performed rather averagely the past compared to other cryptocurrencies. As a matter of fact, there are a large number of cryptocurrencies which have paid their investors much better returns than Electroneum has. But, it has been able to generate interest from investors because of its unique features like mobile mining.
Electroneum is coming up with many advancements in 2019 like attaining KYC compliance and wave of partnerships. Even more exchanges like Bittrex and Binance might start enlisting ETN. Wallst is really smitten by the vision of Electroneum, as they have recently launched Vendor API which facilitates easy exchange and even the developers get to bring their applications efficiently to the market, without dependence.
ETN Price for today is $0.004205. Its current circulating supply is ETN 9,567,810,236 with a market cap of $40,230,707.
Electroneum is the first ever British-developed cryptocurrency and represents a huge change of pace in the market. It’s built on its own unique blockchain - a blockchain is the underlying technology infrastructure beneath any crypto and has been designed to dominate the mobile market. Firstly, it is unbelievably easy to manage and even mine on a mobile app. That means it’s capable of becoming the easy, innovative and secure way of making instant transactions from your mobile phone – from buying mobile games to betting on live sports, to sending money to friends.
Electroneum is a complementary digital currency that has been developed to allow anyone, regardless of their technical ability, easy access to a cryptocurrency. In a few minutes of installing the mobile app, any user can see ETN being added to their wallet via unique mobile mining experience. Almost all cryptocurrencies are “mined” with specialist equipment but Electroneum can be obtained via the mobile mining experience on the app.
As the market is pretty volatile, predicting the price of any cryptocurrency would not be an easy task, that too for the 54th largest cryptocurrency in the world. But the investors are pretty optimistic about this cryptocurrency. Let's have a look at the forecasts given by some of the investors or the websites:
JioMobilePhone1500 is a cryptocurrency predictor website that forecasts every cryptocurrency’s price. It predicts that ETN price may reach $3 by August 2020.
Based on factors such as current performance, technology, and market trends, a website called uslifed.com has made an Electroneum price prediction. According to this ETN price prediction, it predicts Electroneum prices to be around $0.812 at the beginning of 2020 and $1.10 by December 2020.
CoinLiker is a website which performs technical analysis and gives long-term price predictions. It predicts that ETN might reach $2.44 by 2023.
Crypto ground predicted for one month, six months, one year, and five years. It predicted that Electroneum might reach $0.0065 in a month, $0.0096 in 6 months, $0.0432 in a year and $0.1913 in 5 years.
Electroneum has a dedicated and experienced team running the show. CEO, Richard Ells, has experience in building successful tech businesses. The most recent one being Retortal Ltd, which is valued at over $50 million. So far, the team has been quick in developing new features and fixing any issues. They have also kept their investors informed about their goals and how they are going to achieve them, unlike many other cryptocurrency projects. Because of its appeal to non-technical users, it has received massive support at the grass-root level. People are hoping that Electroneum might be the coin which will lead to mass adoption of cryptocurrencies due to its mobile-friendliness. It is expected to reach $0.0355 by the end of 2019, which is not so far. The community and the crypto enthusiasts have seen potential in ETN; hence the possibility is high.
Electroneum focuses on tapping into mobile users by providing user-friendly mobile mining. ETN has coined the phrase 'enablement currency' as it is going to allow 3 trillion dollar market by enabling over 350m smartphone users in the developing world to step into the digital market for the very first time. With instant benefits to the mobile operators in the regions, including meaningful transactional cost savings, there are operators who can take us to well over 100 million users and many more operators in negotiation. With over 1.6 million registered users, they have faster viral growth than both Facebook and Twitter over the same time period. Their Android app is already fully operational in 20 languages, which makes user accessibility high.
They are developing an API which will allow easy integration to ACCEPT ETN instantly. This actually means it will be simple to allow an e-commerce system to give instant check out and even enables easy integration into ePOS systems (electronic point of sales systems or tills). Their instant payment API system is still in BETA, which is expected to get accomplished in the next year itself as the developers are working on it. They are about to launch the vendor directory by next year wherein you can get to see the vendors who have adopted ETN. Even launching the instant payment option is under development which might go live by 2019 itself. With all these developments around, 2019 is looking bright and the value of ETN might increase to around 0.0355 by the end of 2019.
Read more: Top Electroneum wallets in 2019
2020 is going to prove a great year for ETN in terms of performance and developments. The community might achieve 3 million users worldwide. By 2020, ETN might even get enlisted on some major exchanges like Binance, and Poloniex. Even ETN might be partnered with major hardware wallets also, apart from the only wallet they have. They might be having a fully functional gig economy website. A gig economy is an environment wherein provisional positions are common and organizations contract with independent workers for short-term engagements. As the world becomes more of a global village, experts expect this working number to rise. The trend towards gig economy is on the increase. In this modern digital world, it is becoming more and more common for people to work remotely or from home. This facilitates independent contracting work as many of the jobs do not require that the freelancer come to the office in order to work. BY the end of 2020, ETN is likely to reach $0.05796, which might be possible because of this growth and developments.
In another five years, ETN is going to go greater heights and might even go up the ranking list in terms of market capitalization. ETN Has made faster progress because of its uniqueness and technology. By the end of 2023, ETN is expected to reach $0.10384, which is around 10X more than what it is today. ETN has a big community of followers and some expert developers who are working on the latest progress and developments. You can convert ETN to BTC from CoinSwitch at the best rates.
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2019-06-10 10:55:03.027994 | 2 min