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Electroneum (ETN) New Mining App Set For Mass Adoption

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Electroneum
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Electroneum is set out to be a mass adopted long-term cryptocurrency and most definitely is advanced enough to maintain a consolidated position in the market. On 6th of March 2018, Electroneum released a new app which enables users of smartphones to mine cryptocurrencies on their phones or tablets. This new service has the capability to bring an exponential surge in prices of cryptocurrencies. Hence this app is estimated to be downloaded by several enthusiasts in the cryptoverse.

The process has been simplified so that new miners, who are not essentially cryptoenthusiasts, can also be tempted to use the app. This would bring help Electroneum garner mainstream momentum. Electroneum is the first cryptocurrency that allows users to mine coins with a mobile phone. The process is simple as all you have to do is download the app. No other cryptocurrency has a mining system that allows users to mine coins with so much convenience. This is a very crucial step as cryptocurrencies can become a household trend only if their usages become easy and convenient for the common man.

With the increase in the emergence of crypto exchanges like these, experts believe that a 1 dollar price is projected to be a reality soon. Very little electricity and only a small amount of data are needed to allow any owner of a specific smartphone like an android phone to make some money mining. As more and more people are turning to the use of smartphones, growth in the popularity of ETN seems an inevitable phenomenon. The CEO of ETN, Richard Ells has reassured that the use of this app will not make the phones heat up, use a lot of battery or get worn out and slow down.

Data will be used only to communicate with the server for transactions. The CEO has also stated that the use of data will be so slow that smartphone users in the third world will also be able to benefit from the app in large numbers. The ETN team has designed an algorithm that assigns a user’s phone a mining rate based on available CPU power. Hence although the app will mine coins based on the CPU capacity of your phone, it will actually not require any CPU power.

While ETN is consistently in the top 50 market capitalization as of late, it seems inevitable that the cryptocurrency is headed for even more progress in the near future. 0.07 cents is deemed to be only a temporary sale. ETN is not even available on major changes like Binance. If the mobile mining app becomes a success, then ETN will be finding its way on such changes.

Electroneum websites say that they are currently in negotiation with some big global conglomerates that are very interested in adding Electroneum digital payments as means of payment for their services. Electroneum has more than a million agents in developing nations who sell or trade data to consumers. With the increasing acceptance of Electroneum as a regular means of payment, the crypto will no longer just remain confined to tech-savvy enthusiasts but will trickle down to mass use amongst common people as well.

iPhone version

Electroneum has announced that their iPhone iOS version has been programmed and is fully functional but it has not been given the nod of approval by Apple. Apple will most likely approve of it once the app consolidates its base among android users.

Electroneum rise to top 50 market cap

Electroneum combines blockchain and cryptocurrency with the ubiquity of mobile phone users. Designed to be used by the masses, a lot of the major deals made by the ETN team are with mobile providers. With over 120,000 contributors, Electroneum ICO closed two weeks early due to reaching 40 million dollars hard cap much faster than was expected. This is most certainly one of the most successful crowdfunding events witnessed in the cryptocurrency community. ETN’s app for crypto mining makes it possible for the users of the particular cryptocurrency to mine coins without having to resort to the need for expensive and complex hardware. Due to the everyday advancement of technology, what once was possible on computers is now possible on smartphones. Electroneum has emerged as one of the leading cryptocurrencies in terms of technological breakthrough.

We will be updating our subscribers as soon as we know more. For the latest on ETN, sign up below!

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.

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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