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What would you buy when Electroneum (ETN) reaches one dollar?

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Electroneum
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Electroneum is a very interesting blockchain project that puts most of its emphasis on micropayments and mobility. Mobility is such a core value for Electroneum that its token (called ETN) is mined using an app you can install in your mobile phone or your tablet. It’s as simple as that, and it doesn’t take that much energy out of your battery. Actually, if you install it, you’ll barely notice the difference.

It’s a very young project that’s not getting that much attention. The token is worth $0.0164, and it’s ranked at 53rd by market capitalization. So, it’s not that impressive, right? Wrong. It holds a lot of promise which is why we are writing a full article about it.

Let’s say you start mining the ETN token and hold it for a while until it reaches $1.00USD (which is about 59 times higher than it is right now). What would you buy with it? And what can you do so that the token actually reaches that value?

Well, by the time it reaches that price, adoption will be widespread and you’ll be able to buy just about anything you’d like using the Electroneum (ETN) stored on your mobile phone. You want to pay for beer, cigarettes, or your groceries? You want to buy a house or a nice car? Chances are you’ll be able to do that two years from now.

Now the question is, how do we get there?

For ETN, as well as for any other cryptocurrency in the world, increase in value will come from mass adoption. It will be adoption and usefulness that will change the market. It will be the real economic value that will drive every token’s price instead of speculatory pressure, which is what’s been the main force behind the market up until today.

You can help with mass adoption, did you know that? How? Well, first of all, get some ETN. You don’t have to buy them; you just need to mine some in your tablet or your cell phone.

Once you get ahold of some ETN tokens, the next thing you do is, quite simply, to locate the places that are taking them as means of payment and spend them.

If you are willing to hold on to your Electroneum tokens (ETNs) for the next two years, we can’t criticize that, of course. By then they will be a lot more valuable than they are now, but by using the coins you’re making them useful, increasing demand, increasing trade volume and bringing attention to the token. In other words: spending your ETNs will make them more valuable in the long run.

Remember that this is not a cryptocurrency like Ripple’s XRP which was never supposed to be useful at the retail level (but they are now fixing that mistake). ETN is supposed to be useful for everyday payments from the beginning.

Granted, Electroneum is not accepted by that many businesses in the world yet. But the more it’s used, the more crypto-skeptics will read the writing on the wall and start accepting it as a means of payment.

So. Mine it. Then keep it if you want, or use it. But this is a project whose value will rely on their users, not in the exchange market.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

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.

Image courtesy of Flickr

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Why BlocPal Is the Easiest Way to Accept Cryptocurrency

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The face of the retail industry is always changing.

E-commerce is one of the fastest growing trends worldwide, and for good reasons.

It’s convenient, secure, and is effective at connecting merchants with interested shoppers from across the world.

For this reason, it’s no surprise that online shipping is expected to overtake brick-and-mortar stores globally by 2021, making it the world’s largest medium for retail. As the industry changes, it’s important for retailers to keep up with the latest technology so they’re able to accommodate more customers at once. This is where BlocPal comes in.

BlocPal offers business owners an easier way to process payments

BlocPal understands that not every business owner adapts to technology at the same rate. As such, BlocPal has been designed to optimize transactions for both online and brick-and-mortar companies so that every retailer can enjoy the benefits that come with the world’s first true multi-currency payment solution.

With BlocPal, business owners can enjoy the following benefits:

    • The ability to process payments in fiat (USD and CAD) currency as well as Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, and Ethereum. Expect more currencies to be added as BlocPal…
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Lite.IM Dethrones Facebook After Integrating Crypto Wallet With Popular Messaging Platforms

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Lite.IM
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With the crypto markets in turmoil, especially after news about a potential hack at Cryptopia, traders and investors need to turn their attention away from day trading.  Instead, crypto traders really need to think long-term and identify projects that are sure to win in the long-term.  In particular, one crypto company is making major headlines after winning an all-important technology battle against the mighty Facebook.  That company is Zulu Republic (ZTX).

Zulu Republic Develops Lite.IM

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  And indeed, Zulu Republic has hit a grand slam with their development of Lite.IM.

Lite.IM is a crypto wallet that has been integrated with several of the most popular messaging platforms such as Facebook Messenger and Telegram.  In addition, users in the U.S. and Canada can also exchange and manage crypto balances through SMS.  Although not all cryptocurrencies are available, the team has selected four of the most popular currencies which include Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and the native currency of Zulu Republic (ZTX).

Telegram and Facebook Messenger are extremely popular platforms.  But, potentially even more exciting news, is that the Lite.IM team plan to announce WhatsApp integration in the next 1-2 weeks.  There is a reason why Facebook acquired WhatsApp in 2014, for…

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Will 2019 be the Year of TRON (TRX)?

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Tron (TRX)
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While even the best years cannot help sustain bad cryptocurrency projects, the good and strong ones can do much even when years are extremely bad for crypto. TRON (TRX) has proven this in 2018 by being one of the most active and most popular projects around.

Throughout the previous year, TRON has been making great progress, setting foundations for growth and expansion, which may eventually lead to its dominance over the crypto market. Now, 2019 has barely even started, and it already promises to be a year filled with potential and all kinds of different possibilities for this coin.

TRON in 2018

2018 has started with a market crash that has brought a lot of coins down from their all-time highs. This is true for TRON as well, and it did not manage to avoid being affected by bear market, no matter what its developers did. However, instead of trying to fight the market and its trends, they focused on expansion, development, partnerships, and future projects.

The first big step for TRON was the launch of its MainNet, with dozens of listings and partnerships being announced right before the final launch. After that, the coin transferred its tokens from Ethereum’s network, it had a Super Representative election, and it even managed to purchase BitTorrent, which was a part of a secret project back then.

The project was quickly…

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