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Electroneum News: ETN Expected to Continue Rising, and Here is Why

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A lot of Electroneum news has recently hit the market, especially since ETN started outperforming major coins in the market. Usually, this would mean a pump and dump operation, and a sharp correction would quickly follow the price surge. This time, however, this may not be the case, and a lot of things point to the fact that Electroneum (ETN) might have been merely undervalued for a long time now.

With that in mind, a lot of crypto analysts expect that the coin’s rise will continue and that it may even see a lot higher gains shortly.

Factors behind the recent Electroneum price surge

Electroneum has seemingly been undervalued for a long time, despite its massive potential. However, this potential doesn’t only come from the coin’s mission, technology, or team. In fact, there are numerous other reasons why this coin should be much higher up the crypto list, and why its price should have spiked a long time ago.

The first one of those is the fact that ETN is compliant with regulations. This is what makes it different from a lot of other coins, that have yet to “bow down” to the rules. A crypto that respects regulations is precisely what institutional investors need. This provides them with trust in the coin and makes them want to get involved, which is why Electroneum is becoming one of their primary targets.

Another reason is Electroneum’s KYC, which is very important in the crypto world and is actually a base for regulatory compliance. This allows stronger partnerships, and gives Electroneum an edge in the market. That way, ETN has a potential to enter partnerships with numerous mobile operators from across the globe. Once the partnerships start coming, it is expected that the coin’s price will spike up even more.

That gives it a huge potential for mass adoption. Additionally, despite the recent Electroneum news highlighting an enormous growth, there is still a lot of room for this coin to expand. This mainly concerns its market cap, which is currently nearing $149 million. That is tiny when compared to some of the major players, but also when compared to what Electroneum itself can reach in the future.

What does Electroneum’s founder have to say?

A recent interview with the coin’s founder, Richard Ells, has provided a lot of insight into the cryptocoin and its future. One of the biggest Electroneum news that he had to share is the fact that October will mark the start of a new round of ETN marketing. This will be the first time that the coin has had an active marketing effort ever since its ICO.

Since the coin is designed to be the mobile crypto, it can allow anyone with a smartphone to earn, buy, sell, or spend cryptocurrencies. The coin is already making partnerships that will allow it to provide access to these possibilities to over 100 million people. Additional partnerships are also in the pipeline, and all are expected to lead to a mass adoption of Electroneum eventually.

Even though the coin’s price surge was not enough for ETN to move especially high up the list of largest coins by market cap, the new plans are expected to change that. With more exposure, the awareness of the coin and its potential will grow. With it, the coin’s usage and market cap should grow as well, and Ells expects that reaching the top 20 cryptos is definitely something that Electroneum can achieve.

As the coin gets more mainstream usage, it will start serving as a form of payment, and more stores and shops will become interested in opening up to it. Adoption will drive adoption, and the coin’s expansion will continue to grow.

While there are big plans and hopes for ETN shortly, there will also be a lot of work, effort, and careful planning required. For now, the company has set up a series of goals and milestones that they expect to reach in in the near future.

Those include the plan to move Instant Payment API out of beta version, the plan to roll out KYC, as well as the plan to bring mobile mining for iOS users. That will be the form of Cloud Mining, and if it goes well, the company will also roll out Cloud Mining for Android. In the end, there is a lot of exciting Electroneum news to come, and many can see a bright future for ETN.

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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.

Photo by Nick Karvounis on Unsplash

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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