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Electroneum (ETN) on the rise, can it make to highest market cap coins?

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Electroneum
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Electroneum is a very particular blockchain project because it emphasizes mobility and usability. You don’t mine the ETN token with custom hardware (as with Bitcoin) but merely installing an app on your mobile phone.

This token has kept a shallow profile for months, but as more people install the app into their phones, the trading volume is growing along with the demand. Now ETN is the world’s 43rd token by market capitalization, a spot previously held by Baytom. The cryptocurrency is up by 4.71% in the last 24 hours.

That is not spectacular news, for sure. But it shows how this project is gaining momentum and going up slowly but steadily. Is it winning in a way that your cell-phone will make you rich? Of course not.

But it’s gaining in an environment in which almost all coins are losing value every day since last December. It shows that this project is gathering momentum and it’s going up, against the general trend, when most others are receding.

This behavior is abnormal in the current market, and it shows that Electroneum could very well be on its way to becoming one of the most valuable, and useful, cryptocurrencies in the market. The current growth rate suggests it could join the top ten list before the year’s end. We are not exaggerating; it’s a solid coin, a solid project. Let’s review how ETN has achieved this growth.

First of all, Electroneum’s PR and marketing strategies have made fantastic progress in appealing to the market. This project has been careful about regulatory compliance which is something other projects could take into account because it’s a critical element not just for ETN but the crypto verse as a whole.

The project is KYC compliant, and that gives it an advantage regarding mass adoption because it enables ELM to look for partnerships everywhere in the world without local governments getting in the way.

KYC compliance has been at the hear of most of ETN’s recent momentum. And the momentum will keep up as partnerships, and token users start popping up. That will create demand for ETN, and its price will go higher.

As a matter of fact, a meaningful partnership, just one, could bring ETN into the top 10 because it’s so easy to use and acquire. Because of Electroneum’s focus on mobile technology, many of those partnerships will be with telecom and mobile companies around the world which have a vast pool of users.

Most partnerships in the cryptosphere are not that big. They are usually about taking a small bite at the time. Electroneum could be a different animal altogether. Because of the mobile factor, they could create a few partnerships that could change the game for everybody in a single day and get it right there, playing against Cardano, Litecoin, Ethereum and, yes, even maybe against Bitcoin.

That isn’t so hard to see or understand. If you just look at the way in which ETN has gained so much so quickly you must realize that mass adoption is a real possibility.

The other thing to notice is even more important. All the progress Electroneum has made has nothing to do with cryptocurrency exchanges because most of the major ones have just been pretending it doesn’t exist. This means that ETN’s growth has nothing to do with speculative pressure but with real-life usefulness.

Whenever Binance announces a new coin in their platform, it doesn’t matter if it’s useful or known. It could be the most obscure token on the planet, and Binance’s announcement will bring it up by 50% at least, every time. It’s happened already, many times. Electroneum has did not need this to grow.

This digital asset is well designed, it’s solid, fundamentally solid and it’s doing great without any attention from speculative investors. In a year that has been bearish for almost every crypto-coin, Electroneum has been bullish, at least recently.

That is getting the currency and the project a lot of new attention it didn’t have before, and this is good for everybody. The token is in high demand, it’s liquid, it could be profitable, and you can mine it from your mobile phone. The only thing we don’t understand is why the major exchanges are not listing Electroneum yet. But we’re rather sure that will change soon.

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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.

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Altcoins

Is Ethereum Still Searching For Its Bottom?

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Ethereum
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The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.

When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.

The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.

Chart courtesy of TradingView

However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…

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Last Week’s Top 3 Most Significant Crypto Events

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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…

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TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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