As of this text making in December 2019, Electroneum current price is $0,003672 which is equal to 0,00000051 BTC. The all-time high of ETN price was $0,2362 on the 2nd of November, 2017, shortly after the ICO. The all-time low occurred on November 25, 2019, when the rate dropped to the mark of $0,00308. The current market cap of the coin is $36 421 375 making ETN the coin № 90 in CoinMarketCap’s rating. The supply in circulation is 9 918 351 152 ETN with the maximum possible supply of 21 billion coins.
ETN price experienced severe fluctuation at the dawn of its life in the period from fall 2017 to April 2018. Since then, the coin has been facing two modest peaks in the first days of May 2018 and September 2018. 2019 was the year of sideways trading for the coin without significant blasts. It’s remarkable that the ETN price compared to BTC has been slowly decreasing throughout 2019 when its USD value was stable.
Electroneum (ETN) News
Electroneum Numerous Partnerships
In 2018 and 2019 Electroneum started joint work with several mobile providers, IT companies and non-governmental organizations in different parts of the world. It includes Tanzania, Turkey, South Africa, Mexico, Brazil and many more.
Several major cryptocurrency exchanges including Huobi, HitBTC, Liquid and Trading One listed Electroneum in 2019. They provide a lot of possible trading pairs including fiat and cryptocurrencies. It’s also worth noticing that ETN got listed on the Luxembourg Exchange. All these events support Electroneum reputation and price. The project also got support from world-known fiat-to-crypto services such as Indacoin.
Partnership with XIUS
Another milestone for Electroneum was signing a partnership agreement with XIUS. It is a telecommunication giant and a sub-brand of the USA’s Megasoft. At this point, Electroneum is integrated with a payment system that connects 6 continents and runs 1 billion worth transactions each month.
Electroneum (ETN) Price Predictions
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Coinnunce crypto portal is quite positive about Electroneum price prediction. There is an analysis article on their website with a forecast saying the price may reach from $0.01 to $0.022 by the end of 2020.
A cryptocurrency analysis platform Walletinvestor also predicts good times for the coin in the future. According to their ETN price prediction, the price will reach $0.0112 in 2020 and will go on growing to the level of $0.44 in 2024.
Crypto forecasts web service Coinliker marks a big bullish trend on ETN price prediction as well. Their opinion is that the coin will gain +1760% in 2020 and reach $0.071145. This prediction also includes the long-term forecast estimating the cost of ETN to be $0.153383 in 2022 and $0.221468 in 2024.
Another coin forecast platform Digitalcoinprice predicts good times for Electroneum price within the next 7 years. According to their data, the ETN rate will reach $0.00599799 and continuously grow to reach $0.01856708 in 2026.
Unlike the previous ones, an automatic coin forecast service Coinpredictor displays a bearish trend in Electroneum price prediction. According to it, it will lose 46% of the cost in Q1 2020.
Another quite positive ETN price prediction is published by Crypto-Rating analysis portal. It says Electroneum price will gain strength rising 249.85% within the next year. According to this information, the coin will cost $0.013376 by the end of 2020.
Tradingbeasts crypto portal also holds a good position about ETN future price. According to their Electroneum prediction, the price will reach an average of $0.0081 in December 2020 gaining 121.36%. This website also says that ETN will have an average rate of $0.0097751 in December 2021 and $0.0110908 in December 2022.
Another one with the positive ETN price forecast is the Uslifed website. They published an analysis article in 2018 that predicts remarkable gains in the cost of the coin. The displayed maximum at the end of 2020 is $1.1208622.
The last Electroneum price prediction in this article is the one by Bitdegree, a crypto portal. According to their technical analysis, the ETN rate will be $1.10 by December 2020. This article also marks wide support from community, strong competence in the project’s field and technical features of the Electroneum blockchain.
Electroneum (ETN) Price Prediction Verdict
Before making any statements it’s important to mention that cryptocurrency investments always is followed by financial risks. That’s why it’s making own research is a must. Our article is not financial advice for your investments.
However, Electroneum seems to be a strong project with a bright future. It is a verdict supported by several factors:
Strong market positions. The company conquers quite new to crypto sphere making big steps in gathering attention and net worth.
Supportive community. The numbers of users and downloaded app speak for themselves — Electroneum is a project that people want to follow.
On-the-edge tech background. The team behind Electroneum develops its own ideas — both software and hardware.
These are the reasons ETN should be noticed and considered as an investment option. It has performed quite well during its lifespan despite all the crypto market downfalls and likely to keep on rising high.
What is Electroneum (ETN)?
Electroneum is a blockchain-based project locating in Great Britain. It is developed as a payment platform for mobile devices and focused on bringing crypto to mass adoption in the world of smartphones. The team behind Electroneum has an aim on making its native coin ETN a quick and easy payment method for all that means money transferring on phones and tablets. This includes mobile games, gambling, phone checkout and person-to-person money transactions. The platform is expanded into its own mobile app and low-budget Android smartphone designed to work in Electroneum’s ecosystem.
Electroneum project was created in early 2017 by a SiteWizard co-founder Richard Ells who also takes a chief position in the company. After a period of development and promotion, it initiated the public ICO sale in September 2017. It raised $40 million in ETH worth. At that point, 29% of the total supply was sold. As of this article making in December 2019, there is already 43% of maximum supply in circulation.
The project also aims at the target community of people who don’t have bank accounts and have difficulties with transactions and online payments. Statistics say that there are 1.3 billion unbanked people in the world. This is one of the main reasons the Electroneum team finds it reasonable to fight for improving adoption for crypto.
Another feature of this project is its full accordance with the AML/KYC world standards. It is a necessary measure for making Electroneum a major player through partnerships with mobile providers and world IT giants. This might seem a contradiction to a privacy concept of cryptocurrency but as of this writing, there are already over 2.7 million registered accounts in the Electroneum base. It is a figure that may be big enough for considering integration with worldwide mobile companies like Google or Apple.
Electroneum (ETN) Technical Features
Originally Electroneum was built as a Monero’s soft fork, but shortly after that, it went to a hard fork when moved to its own code. It is, in fact, a fusion of some Monero’s features with some changes. For example, Electroneum blockchain uses the same Ring Fence technology to make transaction fully anonymous through hiding recipient’s and sender’s addresses along with the amount transferred. The platform also applies a unique technology of disruptive blockchain that protects the system from 51% attacks.
Basically, ETN is mined with the same technology as Monero which is called CryptoNight. It is a Proof-of-Work mining algorithm. But Electroneum avoids ASIC mining and encourages CPU mining making it possible to use nodes with modest calculating power. On top of that, the company applies its own mining algorithm called PoR, or Proof-of-Responsibility. It is a program involving selected non-governmental organizations all over the globe with their computers as validator nodes. The main point of this feature is to enhance charity in underdeveloped countries by letting the NGOs get block rewards. Another way a user can get ETN is virtual mining featured in their official mobile app for Android and iOS. It doesn’t mean that the coin can be mined with smartphones, but users can be rewarded for blockchain maintaining. As of this writing, the mobile app has 1.7 million downloads.
Saying more about the Electroneum mobile app it must be noticed that it is designed as an ETN wallet with transaction function. It also features creating offline wallets in order to provide better security. The wallet has security measures similar to ones that Monero and many other crypto projects apply — encrypting public keys and strict storage of private ones.
Electroneum blockchain also has a focus on providing advantages over major cryptocurrencies by offering low fees and fast transactions. The average charge for a transaction is 0.2 ETN, and blocks are created in a period around one minute.
How to Buy and Store Electroneum (ETN)
There is a critical thing about crypto investments. If you want to enter the crypto game you need a tool for storing and managing your portfolio.
Atomic wallet is a modern service that can provide anything you need to own coins. It is a decentralized crypto wallet supporting over 300 coins and tokens. It has desktop apps for Windows, Mac, Ubuntu, Debian, Fedora and smartphone apps for Android and iOS. Atomic is fast, comprehensive and free to download. Installing it takes literally seconds, and the interface is so easy that anyone can start managing a crypto portfolio in a snap.
One of the key features the wallet is focused on is security. All the traffic gets encrypted and private user keys never leave the device. This is one of the main reasons why people pick Atomic as a tool for managing crypto. Atomic wallet has a good reputation: for example, its Trustpilot rating is 5 stars.
The wallet also has additional functions that make crypto even easier. It includes a built-in exchange service with high speed and one of the best rates on the market. On top of that, you can quickly buy coins and tokens with your plastic card — it is also safe, convenient, fast and offers one of the highest rates.