Incepted in 2017, Electroneum is a digital mobile based cryptocurrency with blockchain as its underlying technology. In a very short span of time, the currency has been able to gain mass adoption from major transactions to being used in the purchase of everyday items like grocery. The mobile app of Electroneum has made it accessible to one & all globally and has made the mining of the crypto, money transactions, payments, asset movement literally on the ease of fingertips. The team behind Electroneum aims to solve real-world problems by using blockchain technology effectively and strategically. The idea is to provide easy transaction service to even those with no bank accounts, and the number of such users is quite huge indeed, and hence Electroneum has a good potential to tap the unexplored markets and increase its acceptance and usability levels exponentially. Moreover, the regular reward programmes entice users to join this network. The currency has been able to gain a considerable amount of trust from traders & investors through its KYC compliant model.
Current Statistics:
The ROI of Electroneum is currently -94.28%. The circulating supply is equivalent to the maximum supply which is 9,395,803,832 ETN, and the maximum supply has been 21, 000,000,000 ETN. According to the CoinMarketCap, Electroneum (ETN) is ranked at the 92nd position in the top 100 cryptocurrencies list. The coin has climbed up the ladder in the last 15 days and has been able to cross the 100 resistance level & will continue this trend in the coming days as well. As on May 06, 2019 at 07:34:03 UTC, the price of ETN is trading at 0.005 USD & 0.00000095 BTC. The 24 h volume is 213,915 USD, and the market cap has been 50,779,866 USD.
Comparison:
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The downward trend of over -16% have been observed in the past one month. In the last 30 days, the highest price peaked to 0.006 USD, and lowest dipped to 0.005 USD. A similar pattern was observed in the last 7 days as well with the highest price being 0.005 USD & lowest being 0.004 USD. As on April 10, 2019, at 05:34:05 UTC, the price of ETN was trading at 0.006 USD & 0.00000120 BTC. The market cap was 57,673,602 USD, and the 24 h volume was 375,803 USD. The all-time high price of the coin was recorded on November 2, 2017, at 0.23 USD and ETN is expected to cross the same high in the next one year.
Prediction:
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Electroneum has a unique business model and offers customized solutions to general masses, corporates, retailers, and businesses. This increases the curiosity and interest of crypto enthusiasts in this currency and platform manifolds. The firm has also been partnering with key players to continue its progressive approach. Recently in March 2019, Electroneum partnered with Algoz. It has also collaborated with Turkey’s largest crypto exchange, SistemKoin. The open source platform now also enables the creation of ecommerce websites under ETNCommerceZip. Hence, in the next 2 years, the price of the coin can reach as high as 5 USD and it can jump to over 50 USD in the next 5 years.
