Why I think Electroneum ETN price has not moved up yet.

Why I think Electroneum ETN price has not moved up yet.


I have been in Electroneum project since ICO and still have confidence the project will deliver not just their own objectives but a currency that will be worth more in the near future. No one knows what price ETN could reach but I would say that 10-20 cents should be easily achievable in next year or so $1 might be achievable long term. Reasons why I feel it has not surged are:

(1) Mobile topup is available in 6 countries at the minute. The target for end of 2019 was much larger than this but they other countries earmarked will happen. Perhaps they have been held back until there are other opportunities to spend ETN.

(2) Anytasks is in pilot and once released this will give greater opportunities to trade ETN. 

(3) Releasing topup to multiple more countries encourages more miners and while this is good it just means more ETN to spend and only 1 easy way to sell it via topup. Anyone can accept ETN and some do but the ecosystem gor mass buying and selling isnt in place yet.

(4) There are strong indications that a Naional Bank has been lined up to get involved with ETN - this would be big as this would mean that countries governmemt is accepting use of a cryptocurrency (probably an African national bank).

(5) Richard Ells CEO has went very quiet last few weeks - again could mean they are working hard on something big.

All in all I am excited for what is to come for ETN. What do you think??

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iansinc61
iansinc61

Not really a big reader but interested in crypto


My Cryptocurrency Journey (Part 1)
My Cryptocurrency Journey (Part 1)

I started in cryptocurrency in June 2017 when the last bull run was in its final 6 months big run up (although I didnt realise that at the time). My portfolio of about £3000 had reached a total of approx £27000 but unfortunately I didnt cash out so this is presently (5/1/20) worth 50% of my original investment but I am hoping an upturn is underway and I will be back in a profit. I will in next part give some thoughts and tips for newbies (who dont intend to learn technical analysis and day trade).

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