FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

The current Electroneum (ETN) price is irrelevant, here's why - Global Coin Report
Connect with us

Altcoins

The current Electroneum (ETN) price is irrelevant, here’s why

Published

on

Electroneum
READ LATER - DOWNLOAD THIS POST AS PDF

Electroneum’s ETN coin is currently priced at less than a cent. That’s right, $0.09859 at the press time. And we couldn’t care less. No, really! You should like this project. When the token’s price goes up we like the news, but when it goes down we’re really not bothered at all. Why? Because price does not equate value.

If you read a lot of crypto news, then you’ve come across the term “technical analysis” which is a set of statistical tools that focus on an asset’s price to calculate predictions about future price behavior at different time horizons. That is all about price. But even the greedy financial world understands that value is a different thing.

There is yet another branch of market forecasting called “fundamental analysis” in which price is irrelevant, and you go for value. In this context, the job is to find valuable things that are underpriced, buy them, and let the market correct itself. This is one of the ways in which Warren Buffet became one of the richest men in the world.

A famous example of this dichotomy was the situation in which Apple found itself a couple of decades ago. It was about to go down, and its stock price was plummeting. Apple was pretty close to disappear. This was caused by prices. But somebody realized that Apple had value, whatever the price was. It was Bill Gates.

Microsoft was the biggest software producer for Apple computers, and Mr. Gates realized he just couldn’t afford to let all that business go. For him, Apple had a value equivalent to, very roughly, half of Microsoft business. So what did he do? He bought a lot of Apple stock, which was a very publicized move that gave the market back the confidence it had lost on Apple’s value. Apple survived, and Bill Gates got even richer.

Electroneum is not Apple, of course. It’s a fledgling project that is not in danger of disappearing, but the situation is analogic in that ETN is seriously underpriced because the market has not understood yet how valuable it is. If you don’t know what Electroneum is or why it’s worth something, keep reading, we’ll tell you.

Electroneum came to life as a Monero fork but with a very heavy emphasis on mobility and micropayments. It aims to use its token, applications and platforms to provide financial services for everybody in the world who has a mobile phone. This has important implications.

A lot of people all over the planet own a mobile phone but have no bank account. So they have no access to the most basic financial services. The whole point in Electroneum (and in the fintech industry as a whole as well) is to serve the unbanked. It’s a huge portion of the world’s population

ETN, like any other crypto coin, can also serve as protection against a financial crisis (local or global). If your national fiat currency is under attack for whatever reason you could just put your savings in Electroneum (or XRP, or BTC, etc) and avoid the pain of seeing it lose value because of inflationary pressure.

Then there’s the mobile mining feature. This token is not mined in computers or specialized hardware, but in cell phones. All you have to do is to install an app, and that’s it. Your phone will mine for you a small amount of ETN tokens every day. This is just revolutionary. Your own simple smartphone will get you every day a free sample of money. And this is also great marketing because the ease of use and the free tokens will capture the interest of a lot of people that would otherwise pay no attention to crypto.

Another of the project’s features is the payment system. It’s quick, it’s safe, it’s almost free to use. So instead of using a remittance system such as Western Union, soon you could be using your Electroneum app to send money overseas.

Last but not least. All the aforementioned features will lead to mass adoption sooner or later. ETN will become very useful and that’s when the price will go up, as it will be driven by real economic forces instead of speculation.

So don’t disregard Electroneum just because it’s cheap. Do you remember Bitcoin’s initial price? It was $0.008. Install the app, mine a few tokens, get some free money. And, for now, don’t worry about the price.

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 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 Pixabay.

Altcoins

Top 4 Cryptocurrencies to Bet on in 2019

Published

on

top 4 cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto winter ended and Bitcoin is breaking through the $5000 resistance barrier and leading a general charge in bullishness among cryptocurrencies has seen more positivity in the market than ever before. However, before any talk of a crypto spring should start, we need to look at what happened during the winter.

Many different platforms were either fully released or improved upon significantly. There has been a surge of innovation and the crystallization of ideas. The market isn’t just about crypto trading or bitcoin trading; it has become more about what businesses will leverage blockchain in the best way. Investors need to look at what a coin offers beyond just being a cryptocurrency. What partners does it have, what is the long term plan and is it liquid enough?

Investing in altcoins has never been a better option than right now. The volatility index shows that the market is growing without having to rely on Bitcoin. While Bitcoin still determines and up or down trend, the altcoins do not follow this trend exactly. More and more tokens and coins are surviving and thriving on their own merits rather than riding in Bitcoin’s wake.

The four coins to follow are our pick for the top 4 cryptocurrencies most likely to give you substantial returns by the end of 2019.

Stellar Lumens (XLM): Cheap coin, and massive market to grow

Continue Reading

Altcoins

2019 Will Be a Big Year for Luxcore

Published

on

Luxcore
READ LATER - DOWNLOAD THIS POST AS PDF

With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

Continue Reading

Altcoins

Can XRP Break Out of the Falling Wedge?

Published

on

XRP
READ LATER - DOWNLOAD THIS POST AS PDF

XRP is the third largest cryptocurrency by market cap, which currently sits at around $13.5 billion. The coin also has a price of $0.325316 at the time of writing, after seeing a significant price correction of 4% in the last 24 hours.

Just like many other cryptocurrencies, XRP has seen massive losses during the 2018 bear market. However, this falling wedge seems to have seen a real breakout in 2019, as the crypto winter started to let go, and a lot of coins saw significant price recoveries.

XRP’s falling wedge was much more difficult to stop, which can be seen on its long-term chart. But, the recent bull runs allowed numerous cryptocurrencies to finally see growth, and XRP is definitely one of them. The charts also show that the coin’s falling wedge has seen a breakout, which is an excellent thing for the future of XRP’s price.

However, for the coin’s price to truly turn and stay bullish, XRP needs to see larger volumes. The experts believe that this is the key for a new rally, one which would allow XRP to reach true recovery.

XRP price performance and predictions

As mentioned, XRP had struggled to start growing even when most other cryptocurrencies were drawn in a number of bull runs. While the coin has been acting the same as others until mid-February, it is clear that the…

Continue Reading

Elite