Wednesday, April 24, 2024

Electroneum’s Price by the year end – A jump or a slump?

Price predictions play a pivotal role in the market of Cryptocurrencies. The investors seek rising trends and moving averages for a better understanding of it. A farsighted approach is necessary in order to reap long term returns. Electroneum is surely a fast growing cryptocurrency. Promising actions are taken in the course to maintain its credibility in the market. It is rather new to the market, started its operations back in 2017. It is the very first British Cryptocurrency, also the biggest as of yet. But a clear and precise forecast of any cryptocurrency is more or less not a possibility. This is because of its unpredictable nature, one minute down and next minute up.

  • Different Price Predictions for Electroneum

John McAfee predicted some good times in future for Electroneum. He believes that Electroneum has brought innovation to the cryptocurrency market. The ease of use makes it appealing to both technical and non-technical users. A huge fan-following on Facebook and other social platforms makes it a popular cryptocurrency. On the other hand, technical analysis do give a rather harsh picture. Technical analysis is done by keeping the past trends in account. It tells the price would be $0 by end of 2019. Other analysts have given different opinions and have predicted it to reach $0.74 and $1.10 by end of year.

  • How viable can the investment be in Electroneum?

Though predictions are divided on the Electroneum, investing in it would not be a bad idea. It is rather new and has taken some promising actions. The inclusion of non-technical users only makes it better. Moreover, the marketing techniques used to promote it takes it to next level. Recently, they signed a historic deal with Ubuntu Pathways which only adds to their reputation. They have only gone from good to better till now. Previous records also back the prices to receive a leap by the end of year. Risk factor is always there but it will most probably pay off.

  • What do the Sceptics say about it?

Most of skeptics disagree with any exponential price boosts to be seen by the end of the year. They have their own reasons attached to it. For instance, they say that 2017 was the year for cryptocurrencies. But Electroneum did not show any such boost compared to others. Moreover, certain technical issues arouse over the time which disrupted its use. It is not listed on any major exchanges like that of Binance or Bittrex. So where does this lead us all? The Question remains, will it be a jump or a slump? No one can be certain about it. But, the risk has to be taken in order to reap rewards which are worthy of it. Time will reveal the exact price of it, but as if now, a likely surge can be on cards.

Monesh Kumar
Monesh Kumar
Monesh Kumar is a cryptocurrency and blockchain enthusiast. He trades cryptocurrencies and holds some but he prefers holding Bitcoin, Ethereum & Cardano.

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