Connect with us

Altcoins

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

Published

on

Electroneum
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the global insights every crypto trader must have, apply for Elite membership!

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 Pxhere

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Can Libra help the crypto industry to reach new heights?

Published

on

Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
READ LATER - DOWNLOAD THIS POST AS PDF

The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Elite