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Electroneum (ETN) investors can have a broad smile on their face

Published

6 years ago

on

Electroneum

The time of thinking is over – time for action. Only a smartphone is required. Electroneum (ETN) coin is the way to introduce yourself to crypto-space if you’re still on the fiat side. The form of owning the coin is no hassle, and for that reason, it has experienced a good run in price as well as growth in the market cap.

The hike in the ETN price is probably there to stay and may move further up contrary to the expectations of many. Perhaps, many think it’s just seeking the attention, but the coin has shown incredible potential of standing out and taking the best position in the decentralized payment systems.

Currently, there is every reason to believe the Electroneum sooner or later will go head to head with the likes of Apple Pay and PayPal. One thing is for sure, if it wins, its intrinsic value will be at the sky, without a doubt.

The Electroneum (ETN) Partnerships are Real Help

It’s understood that the moment any project hits the headlines, a lot gets done before that – behind the curtains to achieve that milestone. Similarly, the ETN team has done an excellent job considering the fact that it has increased in value by more than 13% in total, within the last 14 days.

In January they partnered with XIUS, mega soft telecommunication for global payments, which has given Electroneum (ETN) substantial visibility to over 65million subscribers. XIUS employs mobile power stumping its presence in six continents and ETN is using that advantage to grow. With XIUS monthly transactions worth of $1billion, the partnership with Electroneum is a milestone worth applauding.

Further, the coin is enjoying the visibility of a firm reselling financial as well as communication services via value addition – Unified Media. This partnership will undoubtedly help ETN visibility to hit their global audience of 130 million.

As the audience alongside the ease to get the hands onto coin increase, the chances of mass adoption will increase – and hence, raising the price value as well as the market cap of crypto. Another partnership with Effortel, a virtual market network that combines more than six mobile operators is also a boost for ETN.

The Reason Behind the Electroneum Price Surge

The adoption of cryptocurrencies has some hindrances, one of the major ones is the lack of KYC functionalities. The reason is simple. The world we’re living in is a dangerous one with issues of terrorism financing a critical threat to security hence mainstream institutions remaining cautious with the cryptocurrencies not risking being on the negative side of the law.

Therefore, when any crypto adds KYC, it puts its foot forward to mass adoption. This provides personalized services which discern the user. Also, it’s compliant with the crypto-sphere regulations hence increasing trust as well as the confidence of the investors and adopters.

It’s more partnerships with existing systems and with the rising mobile and internet penetration that has helped Electroneum (ETN) to reach many folks who mine the coin with ease now (and confidence). Besides, they have started campaigns for a mass adoption through awareness, and hence, it’s just a matter of time before ETN puts a broad smile on the faces of the investors (the cryptocurrency has started doing that already).

The coin is trading well at $0.0226 gaining 3.23% versus the dollar in the last 24 hours, and with all the efforts behind it, Electroneum price could touch the sky (sooner than many out there might be thinking currently). Will it win against Apple Pay or PayPal? Only time will tell. However, one thing is for sure; the future is quite bright for ETN investors.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Free-Photos/Pixabay

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

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December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

on

December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

5 months ago

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December 1, 2023

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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