Connect with us

Blogs

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

Published

on

Electroneum news
READ LATER - DOWNLOAD THIS POST AS PDF

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

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite