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In the world of cryptocurrencies, bitcoin is still the king. However, it is not the only interesting crypt that has survived the 2018 bear markets. Bitcoin's success has led to the development and emergence of at least 1.5 digital tokens. One of these cryptos is Electroneum. The currency was launched in September 2017 and is currently among the top 100 cryptocurrencies.
Prediction of electron prices for 2019
If you are familiar with the cryptocurrency market, it is hard to ignore the impact that John McAfee can have on pricing. He became a renowned influencer in the market. In his tweet on Electroneum, he said he expects the coin to go well because it will attract non-technical and technical users as it is user-friendly.
McAfee also stressed that it has a huge following on social media and is a currency for privacy that can allow it to quickly get traditional acceptance. Second Walletinvestor.com, Electroneum is a one-year high risk investment and expects its price to fall further to $ 0.00.
However, based on current performance, technology and market trends, uslifed.com predicts that the price of ETN will rise to around $ 0.74 in December 2019. This prediction is based on the fact that the token has a huge following on various social platforms and is very easy to use.
Long-term, Coinliker.com gives a price forecast of $ 2.44 by 2023. Based on this forecast, it means that Electroneum would appear to be on the road to growth in 2020 with an investment of $ 200 that will become $ 23,000 by 2023. Uslifed.com it also predicts that the price will reach $ 0.812 in January 2020 and $ 1.10 by December 2020.
Is Electroneum a good investment?
Forecasts for the future are divided and it is important to consider these forecasts before making investment decisions. However, the fundamentals of money should also influence your decisions. It can be a good investment opportunity as it has a competent team with defined objectives. The cryptocurrency has a dedicated and experienced team that manages the show.
The CEO, Richard Ells, is an expert in building successful technology companies including Retortal Ltd, valued at approximately $ 50 million. So far, this team has been ready to solve any problems and quickly develop new features. They informed their investors about their primary objectives and how they intend to reach them.
Furthermore, the huge community of Electroneum supporters could mean that it is growing. Its appeal to non-technical users has allowed the token to gain enormous support at the grassroots level. People hope that its ease of use of the cell phone will allow it to drive the mass adoption of cryptocurrencies around the world.
At the start of 2018, live ETN users were approximately 765,000 and the number surpassed 2,000,000 live users before August 2018. These numbers indicate that Electroneum is growing making it an excellent investment.
History of ETN investments
The Electronum ICO of September 14, 2017 closed quite early after reaching the $ 40 million hard cap. Cryptography has a market capitalization of $ 64,395,430. It is branded as the first British cryptocurrency. Although ICO was a great success, there were big problems soon after, with the result that many ETN user accounts were being hacked.
The price of the currency declined significantly at the beginning of November 2017 from $ 0.23 to $ 0.06. Prices rose again after all these problems were solved and investors saw the broad potential of mobile-optimized digital token. Between November 2017 and January 2018, it rose from $ 0.06 to $ 0.22, with a 122% growth in less than three months.
However, the 2018 bear market did not comply with the encrypted market and the price of Electroneum has plummeted from those high levels and is currently trading at $ 0.007427. Compared to other digital resources, this cryptocurrency has been rather average. Many other cryptos have paid their investors better returns than ETNs.
Putting all this in context, the currency has generated a high interest from investors because of its unique characteristics including mobile mining.
Cloud Mining
After several cases emerged on the mobile miner that crashed during extraction, the Electroneum team made the decision to improve the network by completing some projects including cloud mining. ETN's managing director, Richard Ells, thinks this project will be an excellent substitute for the existing system.
The team of programmers has been expanded to increase productivity rates and decrease the duration needed to complete the project. In a forum of the ETN community, the CEO announced that two secret projects are planned for release and presentation during the MWC19 in Barcelona from 25 to 28 February.
The team has the goal of getting live mining mining as quickly as possible and has said that the Electroneum cloud mining version will be widely advanced. Therefore, the process of mobile mining will become easier for people in developing countries because they can extract the same amount by connecting to the Internet four times on a monthly basis, just like any connected miner 24/7.
Electroneum plans to launch cloud mining in January. The first ETN cloud mining site will be fully tested on iOS and only 10,000 BETA testers will be accepted. After a full week of testing, users with Apple devices will get the app complete with Android users who will do it a little later.
Electroneum is working at full speed to supply the Fair Miner Cloud. https://t.co/U6B8tM92kI @electroneum #ETN #Electroneum #Cloud #Extraction #Crypto #Cryptocurrency #Blockchain
– Crypto_Vibes (@Crypto_Vibes) December 8, 2018
Why is Electroneum unique in the cryptocurrency markets?
Although Electroneum has existed for 14 months, its price is currently less than an American cent. Many wonder if he left something. However, it is still an excellent investment as it offers opportunities for downsizing in which users earn significant amounts.
Although it has been bifurcated by Monero (XMR), the two tokens are on different routes despite the similarities of KYC requirements. Although it may have some shortcomings, the benefits are overwhelming. Money is undervalued as it has no threat of extinction, even if the market has failed to focus on the potential value of the first British digital currency.
Its emphasis on mobility and micropayments through its apps, platforms and tokens make it an excellent solution to provide financial services to everyone in the world with access to a mobile phone. The currency focuses on the unbanked segment that makes up the majority of the world's population. It can also protect users from any local or international financial crisis.
The token does not need specialized hardware or computers, but can be successfully extracted on mobile phones (simple smartphones). Its innovative immediate payment system is already on the trend and has proven to be easy to use, fast, secure and free. These features have the potential for mass adoption in the near future.
When it reaches the status of mass adoption, the token will surely become attractive with the current economic forces that drive its price momentum instead of mere speculation. The coin is also unique because it has its own anthem created by Nave Savage.
What makes the Electroneum (ETN) unique compared to other coins. By the way, did you know that Electroneum has its anthem? @electroneum @Electroneum_ICO https://t.co/C0XzEuOavJ #ETN #Electroneum #Crypto #Cryptocurrency
– Crypto_Vibes (@Crypto_Vibes) November 23, 2018
Electroneum on Blockport
In early December 2018, a poll was launched in which the Blockport community voted for the encryption they would like to see listed in the Blockport trading platform. Electroneum came out on top of that competition even if in the "anonymous" voting category. However, the token also recorded the largest number of participants in the standard and public-profile voting category.
Using their mobile app-based mining system, the Electroneum team aims to introduce at least 350 million smartphone users living in the developing world into the digital market. The three lucky winners of the individual competition will be randomly selected and awarded with 2000 BPT. After awarding the individual winners, Blockport announced that they will soon publish ETN on their platform.
All in all, next year for Electroneum will probably be promising for both the ETN community and the developers.
Note: Cryptovibes.com is not a financial advisor. Do your research before investing in any financial activity. We are not responsible for your investment results.
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