How To Become An Electroneum Millionaire! 🤑

By Electroneum United | Everything Electroneum | 1 Jun 2019

Becoming a crypto millionaire is on the bucket list of many new investors. Often, this is followed by many buys and sells without zooming out and looking at the bigger picture. Is it your goal to be a crypto millionaire? How much Electroneum would you need to become a millionaire?

Electroneum's Current Price

Today, one ETN can be bought for $0.004197. Compared to recent price, Electroneum's price is very low. Many feel the coin has bottomed out and passed a capitulation phase where shaky investors have left the coin and only the strong have remained.

Based on current price, let's analyze four scenarios that will help you determine if you have enough Electroneum in your portfolio. These scenarios are based on sentiments that have been expressed by some in the past. You may feel similarly and be able to gauge what your next step should be.

Many feel the coin has bottomed out and passed a capitulation phase

Recent Price

Recently, Electroneum's price hovered around 2 cents. If you feel price can get to 2 cents but may not rise any more, how much ETN do you need to become a millionaire?

We will use the following equation to help us determine the answer(numbers are rounded off and are close approximations).

$1,000,000(Gains)÷.02 (future price)= 50,000,000 ETN (coins needed)

In this example, you need to buy 50,000,000 coins to make 1 million dollars when ETN hits 2 cents. Today, you can buy that amount of coins for $209,850.

Previous All Time High

Coinmarketcap.com shows ETN's previous all time high to be 18 cents. How many coins do you need to become a millionaire at that price?

$1,000,000 ÷ $0.18 = 5,555,555 ETN

Currently, you can buy that amount of coins for $23,316.

Community's prediction: $1.00

This is my conservative high. Many in the community believe ETN will be worth one dollar. Let's do the math to calculate how many coins you would need to become a millionaire from the community's prediction.

$1,000,000 ÷ $1.00 = 1,000,000 ETN

To reach this goal you would need to buy $4197 worth of ETN today. The last scenario is possibly the wildest dream of any ETN lover.

Many in the community believe ETN will be worth one dollar

Bitcoin's Market Cap

This portion is for the ETN super fan who believes Electroneum will practically surpass all other coins and change the world. To calculate this one we need a different equation.

$152,168,280,074(BTC market cap)÷ 18,000,000 ETN(Distant future circulating supply) = $8.45 ETN (Future ETN price)

Now that we have calculated the price of Electroneum if it were to match Bitcoin's market cap, lets determine how many coins you would need to beco.e a millionaire using our previous equation.

$1,000,000 ÷ $8.45 = 118,343 ETN

In a world where ETN is king, $497 today can make you a millionaire!

What do you think? Are you trying to become an ETN millionaire? If so, I hope this breakdown helps you on your journey.