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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

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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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Tron
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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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IOTA
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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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