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

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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

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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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