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

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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.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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