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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

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Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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