Article Index
1. Introduction
2. What is Electroneum (ETN)?
3. Electroneum Price Prediction by market
4. Coinnounce’s Electroneum Price Prediction
- Electroneum Price Prediction 2020
- Electroneum Price Prediction 2019
- Electroneum Price Prediction 2018
5. Conclusion
Introduction
Bitcoin launched in 2009, and after it, success, over 2000 cryptocurrencies, were launched in the years that have followed. Electroneum is one such project that was launched in September 2017 by Richard Ells and a team of developers that have phenomenal technical skills. The project was able to gather $40 million in funding through an ICO, and the majority of these funds were used for further development of the project.
The cryptocurrency was launched as a mobile cryptocurrency, which helped with the mass adoption of the cryptocurrency. The project was not able to provide the investors with enough profit, but it was able to gain their interest due to features like mobile mining. Electroneum (ETN) is a mobile cryptocurrency that gives the users with services like mobile wallet storage as well as the option of mining the cryptocurrency using their mobile phones.
Note: Users can download the mobile application and start the mining process. The blockchain of the platform is designed to restrict GPU and ASIC miners and give control of the blockchain to the users.
Currently, ENT is trading at $0.00364 with strong resistance at $0.00372, and immediate support can be seen at $0.00345. In the last 24 hours, the token has seen an increase of 3.56%, which puts the cryptocurrency at 106th position in the world. The cryptocurrency has a market cap of $36,424,030.
What is Electroneum (ETN)?
Electroneum is a mobile cryptocurrency that was launched to help users with payment-related processes. The cryptocurrency was introduced by the developers to help people make microtransactions like paying for games, sending money to friends, and paying for apps.
Electroneum has come a long way since its launch in 2017, and they have some significant advancements planned for coming years like introducing KYC compliances and adding waves of partnerships in their project. The project is the first-ever British cryptocurrency, and the purpose of this project is to bring a massive change in the cryptocurrency market.
Electroneum Price Prediction by market
Predicting the price of a cryptocurrency that is among the top 100 cryptocurrencies is tough. The market is volatile, and giving out accurate price predictions is not possible. Here are the predictions of some of the market platforms for ETN.
1. US Lifted
Based on the market trends, the website has predicted that the price of Electroneum might reach the levels of $0.812 by the year 2020 and reach $1.10 by 2021.
2. Coin Liker
Another price prediction platform has predicted that the price for Electroneum can reach $2.5 by 2023.
3. Crypto Ground
The price prediction platform, Crypto Ground, has predicted that the price might reach $0.0096 by the end of 2019, and it can reach $0.1913 by 2023.
4. Bit Degree
Bit Degree is another platform that provides analysis of cryptocurrencies, and they have predicted that the price of ETN can reach $0.74 by the end of 2019.
Coinnounce’s Electroneum Price Prediction
The cryptocurrency market has seen a boom with the introduction of altcoins in the market. The adoption of altcoins has increased, and our analysts have looked at the trends of ETN closely to predict the price of Electroneum for the year 2020.
Electroneum Price Prediction 2020
With the year 2020 just around the corner, we can only hope for a good start for the crypto market as the new year comes. ETN has been declining for almost a year now, but the rate of adoption has slowly started increasing.
The year 2020 is considered as a big year for the crypto world as the cryptocurrency king, Bitcoin is due for its halving process in 2020. Any changes in Bitcoin affect the whole crypto market; we believe that the price could start slow, but it can witness a price increase in the third quarter, and the price can reach $0.01-$0.022 by the end of the year 2020.
Note: The android app for the Electroneum is operational in 20 languages and has almost 1.6 million registered users, and the number keeps on increasing.
Electroneum Price Prediction 2019
With a bearish start to the year, the crypto community was split in half on the predictions as some suggested the price could rise while some said the price might decline further. The latter half was correct with their predictions as the price continued to fall.
The price has currently reached $0.0036, and even though the token has gained some volume in the past 24 hours, the overall rate of the token is declining further. Our analysts predict that the price could also dip towards $0.0030 by the end of the year 2019.
Note: The cryptocurrency has a maximum supply limit of 21 billion tokens. Currently, there are 9,889,337,574 ETN tokens in circulation in the market.
Electroneum Price Prediction 2018
Electroneum was launched at a time when the crypto market was witnessing a massive rate of adoption, and this gave the token a right chance to set up a market. Launched with a price of less than $0.06, the price witnessed a surge as it entered the year 2018.
The price reached $0.22 in January 2018, and it was predicted that the price would further increase. But like every other crypto asset, the price started declining, and since then, the price just has gone down. By the end of the year, the price reached $0.0080 as it failed all the bullish predictions.
Note: Electroneum is still a growing cryptocurrency, and not all exchanges trade with the token, but there are few exchanges like Huobi, Cryptopia, HitBTC, among others that provide ETN a marketplace.
Conclusion
The market of altcoins and tokens have seen a boom in the past few months as the mainstream cryptocurrency markets have failed to give an excellent ROI to the users. Electroneum is best used for online gaming transactions making it the best cryptocurrency to make in-game purchases and exchanges. Electroneum is slowly growing and gaining popularity among people as it slowly climbs the ladder to be in the top 100 cryptocurrencies based on their market cap.
