The whole world is going mad over cryptocurrencies and so do the investors. No denying that cryptocurrencies have taken over the market and have been the topic of the discussion over the last few years. But more than the discussion, people have been worrying about whether the investment in these currencies would be a worthy or a lousy idea. Well, my take on this discussion is, it totally depends upon the crypto you are picking to invest in. However, the selection of crypto is not an easy task, one bad choice can make you a pauper.
According to market trends, Electroneum (ETN) is one of the cryptos that can be the best investment as of now. The trade volume for this crypto is expected to rise in coming months. In fact, for those who are rookie in the field of the crypto market and purchase, needless to say, this is exactly what you need to start from.
Electroneum is a mobile-first cryptocurrency that is currently being traded at the volume of 0.409 INR, which means 1 ETN = 0.409 INR. Without beating around the bush, let’s understand why investing in Electroneum is a good decision but before that, it is important to get aware of the ETN cryptocurrency. And this article is your detailed guide on Electroneum cryptocurrency Electroneum future, ETN price prediction, ETN coin value, Electroneum news, etc.
What is Electroneum?
Electroneum is the first cryptocurrency by the British, paving the way for a tremendous change of pace in the market. It is developed on its own blockchain. This underlying blockchain technology infrastructure is designed to dominate the mobile market.
Owing to the advancement in technology, it has become extremely easy to manage and mine cryptocurrency on a mobile application. This mobile currency has been specially designed to facilitate mass adoption.
Recently, the company has launched M1, a new smartphone as well. The operations of ETN cryptocurrency centers on boosting the microtransactions such as making payments for apps, buying mobile games, transferring money to friends. Ethereum launched its ICO on September 14, 2017, and it performed averagely as opposed to other cryptocurrencies.
There are a plethora of cryptocurrencies that have offered their investors considerably better returns than what Electroneum has extended. However, the unique features, including mobile mining, attracted many investors worldwide. Presently this mobile cryptocurrency is being used by over 2.2 billion users.
Once you download the Electroneum app, you can directly begin to buy Electroneum. And contrary to other altcoins, you only need one app to initiate mining. It comes integrated with a wallet to store the coins that you have mined on the smartphone. The app is highly user-friendly and easy to mine.
Electroneum Price History since its launch
Electroneum was launched in September 2017 and it caught the attention of marketers since then. It initially was propelled to target the online gambling and mobile gaming market but emerged to become one of the top 10 cryptocurrencies in India. After the successful initial coin offering (ICN), the account of ETN users got hacked and this chronicle spread like wildfire in the market.
Due to this, Electroneum faced a sudden price drop. However, the prices soon revived once the issue was fixed. The investors noticed the potential in this one of a kind cryptocurrency which comes with feasible features and thus, here is Electroneum being marketer’s favorite.
Honestly, the currency has performed rather averagely in the past but analyzing the Electroneum future trend, it seems the Electroneum is going to perform quite decently. The trade analysts say – ETN will perform more than average among other cryptocurrencies and entice the investors so much so, many of them would yearn to make an investment. Now, we are aware of the price history, it is time to know the predictions.
Electroneum Price Predictions
The market interpreters are having strong predictions for the Electroneum market. Everyone knows that the price may differ because no one can exactly foretell what will happen and what would be the fate of Electroneum future. Still, crypto holders are confident about it and that is a good sign. We can expect that ETN cryptocurrency will double its price value in the coming months which we could not witness last year.
Many technical websites have already predicted the price of Electroneum in upcoming years and most of them say the price level of ETN will most probably be the same while some say Electroneum will boom the market in the coming days. Even if the Electroneum price chart, it still would be an investment worth considering if compared to the features of it to other cryptocurrencies.
Electroneum Price Prediction for 2020
Similar to many other cryptocurrencies in the market, ETN crypto did witness turbulence in its journey. This was due to the crash of the stock market at the beginning of the year as the response to the global pandemic – COVID-19. On January 1, 2020, Electroneum value stood at 0.003464.
It grew at a steady pace till February. But in March, Electronueum started witnessing drops where on March 13, 2020, the coin witnessed an all-time low when its value reached $0.001428. This declining period continues until April.
May was a good month for Eletroneum as the Electroneum value reached $0.009328. While the coin continued to experience some high and lows, there was nothing major to offset the investors. Electroneum price today is valued at $0.005015. And according to experts, the steady growth will continue, and the ETN crypto may reach the value of $0.05796 by the end of this year.
Over the years, Electroneum will witness good growth. This might allow the ETN coin value to secure a higher market rank along with an increased adoption rate. If the growth continues, it will turn out to be one of the most favorable cryptocurrencies. As for Electroneum price prediction, we can expect the price to reach $0.08756, marking the launch of a massive bull run.
Prediction for the year 2025
ETN crypto might rank higher with respect to market capitalization in a further five years. The unique technology and features hold the potential to facilitate this growth. With the kind of performance it is delivering, the coin can reach $0.10384 by the end of 2025 and 10x growth from the current value. ETN has an extended community of followers and developers who constantly work towards growth and innovations. So this growth will be backed up by new and improved offerings by the team.
Market For ETN in 2030
Considering the stable growth, Electroneum may taut itself as one of the strongest cryptocurrencies in the global market. The team expands its partnership with all major exchanges and wallets worldwide. Electroneum, by this year, will be upgrading its technology and coming up with more advanced approaches to attract investors. The price of Electroneum by 2030 may reach $0.25.
Should you invest in Electroneum?
Considering the above predictions, Electroneum seems to be a profitable investment. But your decision cannot be entirely based on the prediction; you also need to understand the coin fundamentals. The journey of Electroneum in the market will largely be defined by the goals it is trying to achieve.
And, the team working to accomplish these goals are an equally imperative factor to consider. Fortunately, Electroneum has an experienced, driven, and dedicated team seamlessly running the show for years. Richard Ells, CEO of the company, holds extensive experience in developing tech business. His recent milestone was the $50 million worth company – Retortal Ltd.
From its inception till now, the team has been able to develop new and interesting features quickly. And, they also have been fixing the issues quite rapidly. Another great thing about Electroneum is its relationship with investors.
The team ensures that the investors are a part of their journey. The company keeps them informed about their plans and objectives, creating a transparent and trustworthy environment.
Due to its friendly operation, the company has gained massively. With its future developments, many people are counting on Electroneum to pave the way for the mass adoption of cryptocurrency.
These are some of the key reasons why ETN is considered a good investment. Of course, there are certain factors that are blocking their growth as well. Providing seamless mobile mining is harder than what the company makes it sound like.
The company needs to address many technical challenges before it can make a solid impact. While there has been notable progress, ETN needs to make its mark on major exchanges. When deciding whether or not you should invest in Electroneum, you should weigh the pros and cons.
How to invest in Electroneum – A Beginners Guide to invest in ETN cryptocurrency
One can have their own reasons to invest in the crypto market but the major one is to make a good whole lot of money by trading. Now you have decided to invest in cryptocurrencies, this could possibly be because you know how huge the market for them is going to be in the coming months.
Must Read: Electroneum: Predictions and Trends That Are Going to Rule 2020
If you are a beginner in the crypto investment field and looking for much cheaper crypto to start with, Electroneum cryptocurrency is the name I would suggest. ETN, being the most popular bitcoin, allows transactions through a mobile app. Can anything be more convenient than this? Without wasting any time let’s know how one can invest in ETN? There are two simple steps to follow.
STEP 1 – Buy Bitcoin or Ether
In order to begin with ETN investment, one should hold crypto, either bitcoin or ether. If you do not have any of them. You can purchase them on any of the exchanges. It is not difficult to get bitcoin. To suggest, you can go to the website Coinbase and purchase your first crypto.
STEP 2 – Transfer your Bitcoin and Buy ETN
This is a crucial step to follow. You have your BTC now, transfer it to any other exchange platform, generate a wallet address and click on send. Once the bitcoin is transferred into the account, you can now purchase the ETN on ETN/BTC exchange.
How To Buy Electroneum in India
In India, you can directly buy Electroneum cryptocurrency with Indian rupees from Bitbns exchange. Bitbns listed ETN on their exchange in 2018. It comes with low trading fees, which decreases with an increase in the trade volume. However, compared to other Indian exchanges, Bitbns charges higher fees. Moreover, it supports major INR deposit features like IMPS, NEFT, and UPI.
Frequently Asked Questions (FAQ)
Does Electroneum hit $1?
The likelihood of Electroneum hitting $1 is quite high. This coin, in recent times, has shown great improvements. There has been a steady growth in ETN coin value, and the team is attracting investors with its unique idea. While it might take some time for Electroneum to reach the threshold of $1, the coin has the potential to do the same.
Is ETN a good investment?
While many experts predict the Electroneum price to remain stable in the near future, many believe that it will boom. Nevertheless, it would still be an investment that can give you the desired results.
Does the Electroneum increase in value?
Similar to other cryptocurrencies, the Price of Electroneum tends to increase and decrease based on market conditions. For 2020, The present value of this coin stands at $0.004713, and it has been stable for a while now. But experts predict an increase in value in the coming times.
What is the current price of Electroneum?
The current price of Electroneum is $0.004713. It ranks 155 in the cryptocurrency market, with a market cap of $682,892. The coin reached an all-time low on March 13, 2020, where the value shrunk to $0.001428.
That was it. Was not the steps pretty simple? Indeed. So what keeps you on hold. Crypto market is going to be the biggest trading market. Many countries have already declared it legal. Start without any worries, invest in your first trade and enjoy the trajectory.