In this article, we will estimate the Electroneum (ETN) price prediction and their future plans.
The blockchain technology is the latest revolution in the digital financial sector. Electroneum is one of them which targets to bank the unbanked people.
Cryptocurrencies are the digital forms of cash, are the advanced resources that work as trade. It uses solid cryptography to make sure about budgetary exchanges.
There are over 5500+ cryptocurrency, according to Coinmarketcap.com.
This reasonably recent cryptocurrency is built on blockchain technology and ranks in the top 100.
It’s designed to allow fast & instant transactions just like Dash coin and also enables the user to mine on a mobile phone.
The price correction of cryptocurrencies that happens every hour makes their actual Price a bit difficult to predict.
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We would be looking at what ETN is, predictions from experts while explaining our predictions.
What is Electroneum?
This cryptocurrency is not like Bitcoin, Ethereum, etc. It has its own uniqueness, and it is built on a technology that allows easy mining on smartphones without the need for validation.
Anyone who has Andriod or iOS mobile can mine ETN free of cost.
Users have experienced slow transactions on some cryptocurrencies because of the need for validations, and high transaction fees have been a concern for most people investing in these cryptocurrencies. Thus, ETN has found a way around transaction bottlenecks.
Electroneum (ETN) is legal, and it also has KYC & proper means of identification in place, unlike other cryptocurrencies.
Ease of use
Its ease of use is portrayed in its simplicity, which only requires downloading the mining app on iOS or Android devices. And use the app to receive or send ETN coins.
It involves just four steps: download app, mine, open wallet, and calculates the value of coin based on your local currency.
At the official launch, an ETN coin was worth $0.01 and where later listed on the exchange app called Cryptopia. Within an hour, its Price rose to more than $0.32/ETN and back to $0.12/ETN on the same day.
Then later, the large volume of buy/sell orders placed by optimistic investors caused a system shutdown due to security issues.
However, there was a drop in cryptocurrency prices at a time. Even Bitcoins dropped from $20,000 to $3,000 after January of that year.
Currently, the market capitalization is around $80 million. It ranks 58 on the cryptocurrency chart.
Duncan Logan, The CEO of Rock Space, invested in Electroneum (ETN) during ICO. Read full tweet here.
Electroneum (ETN) Price Prediction for 2020
Trading volume is a factor that affects the currency value, and looking at the recent developments on performances, especially in 2019, one can predict that ETN users should increase to about 3 million next year.
This estimate can be reached if ETN gets listed on Binance and OKEx. Adding an economic gig would facilitate this estimation.
If the currency gets used on an economic gig, it will provide a platform where institutions and companies can contract work to people in the short-term using ETN.
The current high freelancing trend should make this a reality. ETN is listed on some of the big Exchanges like Coinbene, Liquid.com, Kucoin, and Huobi Global, etc. However, its lack of liquidity is still a significant concern.
The team of ETN has shown the road map to how they want to move the currency forward.
If the positive predictions happen, then the Price of 1 ETN could rise to about $0.21
Electroneum price at the end of 2020 maybe-
Minimum Price- $0.10
Average Price- $0.12
Maximum Price- $0.22
Yes! There is a high possibility of breaking its previous all-time high of $0.22.
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Electroneum (ETN) Price Prediction for 2021
What will happens in 2021 would depend on how ETN had performed in 2020. Market indications and customer reactions cause the high volatility of cryptocurrency prices.
Such price instability can affect a change in people’s consideration for any cryptocurrency. From current indications, it seems that a disciplined and goal-oriented team manages ETN.
Most of the developments in performance should be based on what the company has done to improve the acceptance of their coin and how much of their vision has been realized.
By 2021 or at the end of 2021 price of ETN maybe-
Minimum Price- $0.33
Average Price- $0.46
Maximum Price- $0.50
Electroneum (ETN) price prediction for 2022:-
By 2022 or at the end of 2022 price of ETN, maybe:-
Minimum Price- $0.48
Average Price- $0.50
Maximum Price- $0.65
Electroneum (ETN) price prediction for 2023:-
By 2023 or at the end of 2023 price of ETN, maybe:-
Minimum Price- $0.55
Average Price- $0.60
Maximum Price- $0.89
Electroneum (ETN) price prediction for 2024:-
By 2024 or at the end of 2024 price of ETN, maybe
Minimum Price- $0.73
Average Price- $0.88
Maximum Price- $1.25
Electroneum (ETN) Price Prediction for 2025:-
All things have been equal, ETN should reach great heights in 5 years. It may rank high on market capitalization by this time.
Its potential could increase if it becomes a mainstay on electronic transactions and API systems.
This kind of volume and popularity could increase its value to 10 times its worth today.
If it can achieve big communities of followers by 2025, then we are looking at a price of $2 or even $5.
By the end of 2025, ETN is expected to reach $2 USD, which is over 100X more than what it is today.
If ETN becomes a worldwide currency, we will see corporations using it, retailers, big businesses, and ordinary people.
If something like that were to happen, it would mean ETN is used by the majority of people in the world; the Price would need to increase to meet the demand significantly, figures like $5,$10 or even more would be not only possible but needed.
Remember– Bitcoin’s Next halving is in 2024. Altcoin may BOOM to 10X to 100X. So we may get a two-digit figure for many altcoins.
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Electroneum Price Prediction by DigitalCoin-
DigitalCoin predicted a short-term value of $0.005 until December 2019 based on technical analysis and $0.006 by the end of 2020
In the long-term, they expect the Price of an ETN coin to be up to $0.011 by 2023 and reach its starting value of $0.01 by 2026.
Electroneum ETN price prediction by Coinlinker-
Based on technical analysis, Coinlinker has predicted an ETN price of around $0.004065 until the end of 2019 and $0.067 by the end of 2020.
In the long term, it is expected that by 2022 it could rise to about $0.08 and around $0.22 by 2024.
Electroneum price prediction by CoinBeat
CoinBeat recently published that ETN is now widely accepted in Brazil, which is the largest country in South America.
Through this kind of system, users will be able to mine about $3 worth of ETN every month on their smartphones.
If this plan works, the existing 3.1 million people in Brazil will inadvertently shoot to about 55 million unbanked users.
Brazil is still the country with the most significant number of people holding cryptocurrency in Latin America, and it has 11 million unbanked populations.
ETN, being a widely accepted cryptocurrency in Latin America, is now used to purchase airtime and internet data.
These events, coupled with many taxi operators collecting ETN for payments, should shoot up the Price shortly in a normal situation.
CoinDesk Press Release
According to CoinDesk, the ETN Company has recently launched a cloud mining Android smartphone, which will be able to mine ETN.
M1 smartphone will cost about $80, and it is Google certified. With this device, one will be able to mine up to $3 worth of ETN per month.
This device can extract ETN offline. Making such convenient usage should further increase the popularity of ETN in South America.
The founder of the ETN, Mr. Richard Ells, has a good track record in previous businesses like SiteWizard and Retortal, which were successful.
He and his team have the experience that can make ETN even more successful than his other businesses.
Not many of ETN 2017 contemporaries have had the same popularity and adoption that ETN has enjoyed in places it has been projected to.
Other Electroneum Price Prediction made by cryptocurrency websites-
JioMobilePhone1500 predicts that the Price of ETN will reach about $3 by August 2020.
USLifed.com predicts ETN to be around $0.812 from the start of 2020 and $1.10 by December 2020.
These predictions are based on current performance, technology, and market trends.
CryptoGround predicts that ETN could reach $0.0096 in 6 months, $0.0432 in a year, and $0.1913 in 5 years.
This is an expectation on prices, which is likely when we study the current prices of ETN using technical analysis.
DigitalCoinPrice.com says that ETN price is expected to be around $0.055 by the end of 2019 and could be a more suitable long term investment.
Should you invest in Electroneum?
Electroneum has a very experienced and dedicated team working 24X7.
The CEO of Electroneum. Ltd Richard Elss has good experiences in building many tech companies.
One of his famous company is Retortal Ltd, which is valued at over $50 million.
His first tech company was launch in the ’90s. So yeah Electroneum is under safe hands and definitely not a scam.
I have personally invested over $4000 USD in this project. Do your proper research before investing any money in any project.
Partnerships and future:-
ETN’s future is mainly based on fundamental analysis. Like most cryptocurrencies, ETN should make you rich, especially if it can fulfill its promises in the long run.
Its accessibility is one that could attract many users, which should affect its future Price.
Partnerships with existing companies are factors that result in a surge in prices and high user traffic.
You should watch out for these kinds of news. That moment of the year has come when cryptocurrency lovers start to enjoy the digital coins they had to offer.
Adding the advantage of mobile phone cryptocurrency mining is the fact that ETN is partnering with other companies to put them well ahead in the cryptocurrency league.
The CEO of the Thailand Company Rasmussen-
Stated that “Electroneum is a favorite choice of crypto users, with millions of active users and one of the highest rankings on social media.”
ETN’s introduction of AML & KYC completes the need for regulatory compliance, which provides a secure environment for users.
We are now looking to work with Electroneum on the promotion of mobile-based cryptocurrency.
The increase in users has made the issue of security a main target for the ETN Company, and they are solving these using partnership strategies.
Also, there have been partnerships with Amazon Web Services (AWS), a unit of Amazon.com Inc.
With 1 million active enterprise customers in 190 countries of the world and 8,000 partner network members, AWS can provide the platform for users to engage in the use of ETN as a means of transacting.
On July 8, 2019, Paycent added ETN to the lists of cryptocurrencies that can be converted to local currencies on its platform.
The company was attracted to 3 million unbanked users mining ETN worldwide.
The company is optimistic about the wide acceptability of the coin and whether the Price of a cryptocurrency goes up or down, what is most important is if it is widely used.
ETN Company was also announcing a link with an NGO as of July. These kinds of strategies can assure a huge surge in prices in the long run.
According to Cryptonomist.com, ETN users are growing gradually in Turkey.
Frequently asked questions:-
How high can Electroneum go?
It’s not certain which direction it will follow. It will mirror losses or gains depending on market activities. If you are not sure, don’t invest.
Why is Electroneum(ETN) rising today?
Partnerships and roadmaps achievements are factors that can increase prices,
Why is Electroneum’s Price going down?
This is difficult to know. However, prices usually go down based on social media news feeds.
You can follow the latest news to have up to date information. Or it could just be a red crypto day.
What is a Moderated Blockchain?
Electroneum’s new Moderated Blockchain has been uniquely and cleverly developed to provide Electroneum with a minimal but level of interference from hackers.
It is similar to the security systems used by IBM and for Facebook’s Libra blockchain.
It ensures that only certified validators are allowed to carry out transaction confirmations.
Why did Electroneum move to a Moderated Blockchain?
This will improve how ETN functions in terms of exchanges, faster confirmation on deposits, and protect the network.
It helps to ensure that the benefits of ETN reach more underdeveloped countries.
What is Proof of Responsibility or PoR?
Proof of Responsibility, or PoR for short, is a new mining paradigm which obligates the miners to two primary responsibilities which are:
1) Maintain the integrity of the payment network, and 2) Spend the block rewards they receive responsibly to help poor people in line with Electroneum’s humanitarian agenda.
Who are the miners?
NGOs are engaged to help with mining ETN. They have been saddled with the responsibility of providing enough opportunities in developing countries.
His transparency is essential in alleviating the skepticism ascribed to the nature of cryptocurrency.
How to Mine Electroneum (ETN) coin?
Cloud Mining of ETN is carried out with the help of the mobile app.
Payout of ETN is at 100 coins, and it automatically gets a transfer to your electroneum’s wallet. Once you reach 100 ETN coins, try to refresh, and you will see it in your wallet.
Why are these NGOs anonymous (initially)?
They have remained anonymous to protect themselves from the reflection it has on their company.
What do NGOs do for the project?
They validate the blocks and help people with the proceeds of their activities.
How will NGOs use their ETN (from mining blocks)?
These NGOs can use their ETN convert to USD. Then they can begin to use their income to help people. There are also places where ETN can be used to do top-ups anytime directly.
How can I get regular electroneum updates?
FUTURE PROGRESS & CORPORATE PARTNERSHIPS:-
How will this project affect corporate partnerships moving forward?
Improved security on the ETN platform will attract cooperation with partnerships and investments gradually.
How will it help to grow our on-the-ground initiatives?
The NGOs will be located on the ground in the targeted ecosystems and will be involved in economic gigs where they can get involved in educations.
Can new NGOs apply to mine?
NGOs in the developing world involved in education and vocational training can apply through the community.
How will the 75% reduction in the block reward benefit the community?
A reduction in block rewards will improve the longevity of the coin by making it scarce. This will be beneficial in the long run.
The world of cryptocurrency is full of opportunities for wealth. But it requires technical skills and knowledge to enjoy the unlimited potential available.
Knowing which one to pursue is where the work is.
Based on technical analysis and forecast; It will continue to rise through the years.
Therefore, it is advisable to invest on a long term basis.
Did you like our Electroneum price prediction? Comment down below your feedback.
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