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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.

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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

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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altcoins
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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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