The DeFi boom has caused Electroneum to explore DeFi integration, they are researching on facilitating atomic swaps and smart contracts for seamless ETN and DeFi integration. Their team has completed the benchmarking of a simulation of a sub-address-based wallet product which will enhance the efficiency of the wallet and the results seem promising.
When a girl in Nigeria heard that they would enter a 14-day lockdown, the first thought that came to her mind was the effect that it will have on her studies. Thanks to WONDER foundation, a crypto-backed NGO who donated to help girls like these do studies online. Electroneum has been donating a portion of its block reward to fund educational and community-building efforts. Many charities have started accepting donations from cryptocurrency firms which can help the industry to establish itself as a trusted financial eco-system.
ETN Price for today is $0.005402. Its current circulating supply is ETN 10,191,317,038 with a market cap of $55,052,132.
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 one of the top 100 largest cryptocurrencies 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 the 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 that 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 $0.0432 in a year and $0.1913 in 5 years.
Wallet Investor is a renowned crypto prediction website known for coming up with realistic values, wherein it predicted that by 2020 end, Electroneum might reach $0.001064.
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 that will lead to mass adoption of cryptocurrencies due to its mobile-friendliness. It is expected to reach $0.05796 by the end of 2020, which is not so far. The community and the crypto enthusiasts have seen potential in ETN; hence the possibility is high.
Read more: Top Electroneum Wallets
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.
Electroneum is going to grow bigger over the years to come, which might even end up in securing a higher rank and adoption rate. ETN might establish itself as one of the most favorable cryptocurrencies by 2022. By 2022, the ETN price might reach $0.08756, which might be the start of a huge bull run.
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 2025, 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.
By 2030, Electroneum might establish itself as one of the most renowned cryptocurrencies in the world. ETN might end up partnering with all the exchange partners and wallets across the world. Electroneum will also be upgrading its technology and the ETN developers will be innovative in their approach. By 2030, ETN might reach $.0.25
It will take some time for ETN to hit $1, but it is not impossible.
ETN is one of the coins which has recently shown some good progress, but before taking any investment-related decisions, you must do a thorough trend analysis and research.
Electroneum is expected to grow in the upcoming days, as predicted by most of the prestigious sites and market enthusiasts.
Currently, Electroneum is trading at $0.003431as of September 12, 2019.
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