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Electroneum News: New Partnership And Instant Payment Software Launch

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Electroneum news

Recent Electroneum news regarding ETN’s first instant payment e-commerce software launch has sparked a new price surge for this aspiring altcoin. This new software is the first of its kind around the world, and it was just launched by JoomlaPro’s member called Claes.

Electroneum news causes a price surge

The new package containing the software is called ETNCommerce, and it can be downloaded and installed easily in any web hosting. Furthermore, it is already configured to recognize payment options like Skrill, Sofort, PayPal, Amazon Pay, and others. Due to this move, ETN now has the potential to reach millions of retailers around the world. Finally, the package is completely free, and the software contained within is open-source.

Electroneum community believes that the move will undoubtedly attract more development to this altcoin’s ecosystem. The coin has already gained a lot of popularity in the recent months, thanks to its successful development and excellent performance. Because of this reputation, many believe that retailers from all corners of the world will be quick to accept this altcoin and partner up with it.

Electroneum partners up with SistemKoin

Another big Electroneum news reported recently is the coin’s new partnership with the largest crypto exchange from Turkey. The exchange’s name is SistemKoin, and it stated that it will list ETN, as well as provide it with three new trading pairs. This means that ETN will soon be available for trading in Bitcoin, USD, and Turkish Lira.

The announcement also states that the US citizens will also be able to open accounts on the exchange’s platform, which will expose ETN to a massive new market.

Finally, another cryptocurrency exchange called Liquid also released an announcement, stating that it plans to add ETN/EUR trading pair soon. This will also expose ETN to the European markets.

Following this Electroneum news, the coin experienced a massive surge in value. Its current price is at $0.019063, after an increase of over 37% in the last 24 hours. Its market cap is also growing rapidly, and it already exceeded $156 million. At the time of writing, the coin holds the rank of the 50th largest crypto by market cap, although this position is likely to change since the price surge is still quite strong.

Furthermore, Electroneum’s team announced that there are numerous more partnerships in the works. However, ETN still has a goal of fully implementing AMD and KYC certifications before engaging in these new deals. This is an important requirement, and without it, large firms will be prevented from partnering up with ETN due to regulatory reasons.

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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

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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