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.
For the latest cryptocurrency news, join our Telegram!
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
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming
Ripple director: Banks tapping into Ripplenet to form a network to ditch SWIFT
XRP turns green as it secures listing on new crypto exchange Shardax
- Altcoins2 weeks ago
Electroneum (ETN) and Ravencoin (RVN): Two giants in the making
- Bitcoin2 weeks ago
China sees Ripple as innovative blockchain while Bitcoin gets no love again
- Don't Miss1 week ago
40 million XRP just got transferred to former Ripple executive Jed McCaleb
- Altcoins1 week ago
What would you buy when Electroneum (ETN) reaches one dollar?
- Altcoins1 week ago
Stellar (XLM) poised to see massive gains next year, here’re the reasons why
- Altcoins1 week ago
Red Pulse: Rise of the Phoenix (PHX)
- Altcoins4 days ago
3 Coins Coinbase Will Adopt Next
- Altcoins1 week ago
Why Ripple, Tron, and Cardano are top promising crypto investments