The drawing card of the Electroneum ‘s team is Richard Ellis, a seasoned in the field of batch Internet-related products and smartphones. In 2013, Ellis became CEO of Retortal, a social media marketing ship’s company with respectable customers and a budget of tens of millions of dollars. In 2015, Ellis and his partners began developing a modern cryptocurrency and blockchain. In July 2017, Electroneum Ltd was registered, with its headquarters in the UK. In September-October 2017, Electroneum held an ICO, attracting about $ 40 million. It was a very successful campaign, specially compared to many other ICOs. The number of participants holds an diligence criminal record, with over 115,000 investors buying coins. Soon, Electroneum tokens became available on big cryptocurrency exchanges, including Huobi, KuCoin, and others. At the time of writing, it was reported that more than 2.7 million people had downloaded the Electroneum app.
What is Electroneum (ETN)?
Electroneum ( ETN ) is an anonymous mobile-friendly cryptocurrency that runs on its own blockchain. Electroneum crypto differs significantly from other cryptocurrencies, focusing on mobile devices and fast micropayments. Electroneum was designed american samoa unaccented as potential to make it easier to mine this crypto mint with smartphones. After mining, the coin can be easily sent to another ETN wallet owner or an app or game. The developers ‘ goal was to create a cryptocurrency that is easy to mine, send and store and to make ETN widely used for day by day patronize around the universe, particularly in developing countries. The theme is to provide a smartphone-based pocket crypto bank to communities that do not have entree to traditional fiscal instruments such as PayPal and credit/debit cards. Electroneum ‘s ecosystem and the ability to mine newfangled coins with a smartphone should give these people more fiscal exemption and opportunities. Another way that Electroneum benefits communities in the develop earth is through its relationship with non-governmental organisations ( NGOs ). They manage the Electroneum net and receive ETN tokens as a freeze advantage. former on, this money can be used to help communities in different ways, depending on the NGO ‘s mission. furthermore, Electroneum is gallant to say that its network is one of the most environmentally friendly in the industry, even while mining new tokens. The company ‘s web site states that the integral ETN net consumes the equivalent of several light bulbs of energy. Of course, this is much better than the contamination caused by Bitcoin mining, which has been widely discussed for a long time. Another important detail regarding Electroneum is that the developers created their own blockchain. This blockchain is created using Bitcoin and CryptoNote ‘s source codes. To learn more about the CryptoNote protocol ‘s origin, please read our Monero price prediction. The blockchain is moderated to prevent any possibility of a 51 % attack. The utmost phone number of Electroneum tokens is 21 billion ETN. Unlike BTC, the Electroneum token can only be used merely as a full unit, while Bitcoin can be divided. ETN is designed to make exchanging coins more convenient without having to deal with fractions. To ensure dependability, Electroneum partners with mobile operators. This is quite a newly phenomenon ; never before has a cryptocurrency company cooperated with mobile operators. In addition, the platform complies with AML rules and cryptocurrency-related regulations, which is relevant to the UK. All these features and the concept underlying the project show that Electroneum is an ambitious project with a mission and a real vision for how to achieve its goals. This is credibly why Electroneum has a very loyal and active community .
How does the Electroneum (ETN) work?
Based on Bitcoin ‘s code, a well as the Bytecoin and Monero cryptocurrencies, Electroneum works with the CryptoNote algorithm, the key feature of which is that it ensures absolute anonymity of transactions. To receive a money transfer, the network creates a erstwhile address that allows the user to hide the real address of their wallet and prevents the recipient from being identified. Ring signature technology is used to protect the money transmitter ‘s personal data. In addition to the real number sender, the organization adds a few random users, which makes it impossible to determine who sent the money. furthermore, the details of the fiscal transaction are not available to one-third parties. The ETN network has high bandwidth that allows a new crypto block to be created in about 60 seconds. The mission sum depends on the traffic level, but the average fee does n’t exceed 0.2 ETN. The transmitter can increase the transaction ‘s anonymity tied by adding more random users. however, the more potential senders are added to a transaction, the higher the commission for the transaction is. therefore, the sender always decides for themselves whether to pay a higher commission to ensure a high level of anonymity for the transfer or to save on commission but accept a lower flat of anonymity. The maximum commissions in the system are identical low ( barely a few cents ), and the security horizontal surface is very high, even with the minimal number of likely senders involved. That makes Electroneum ‘s flush of personal data protective covering much higher than on the Bitcoin blockchain, where it ‘s adequate to know a exploiter ‘s wallet count to see what transactions they made and how much money they have on their balance. Compared to Bitcoin, Electroneum has one more advantage of displaying prices in the arrangement with two decimal places, which is very convenient. Because Bitcoin has a maximal possible issue of 21 million coins and is highly popular, coins are broken down into Satoshi, which has eight decimal places. There needs to be enough Bitcoin to cover everybody ‘s needs .
How to get Electroneum (ETN)
basically, there are two ways to get Electroneum. The easiest way to get ETN is to buy the tokens on a cryptocurrency rally for decree money or other cryptocurrencies. The moment way to get coins is through mining. If you ‘re new to mining, please read our tutorial on cryptocurrency mining for beginners. A classifiable have of Electroneum mine is the ability to get crypto by using your smartphone ‘s computing world power. All you need to do is to download the dedicated app from Electroneum ‘s official web site, register your digital wallet and run the mining broadcast in the background. After that, your smartphone will start to process transactions and create new coins. If you want, you can besides mine Electroneum cryptocurrency from a personal calculator. But you ca n’t use ASIC ( application-specific integrated circuit ) devices for mining. The developers are doing their best to prevent the appearance of such devices in the net. The presentation of ASIC devices into the Electroneum net would significantly complicate ETN crypto mining and would make it impossible to mine the cryptocurrency at base .
Electroneum (ETN) price analysis
Electroneum ( ETN ) is rank 242nd among cryptocurrencies by market capitalization at $ 348,185,046. The current add is 17.90B ETN of 21,000,000,000 ETN, which means that about one-half of the utmost number of coins has already been mined. The cost of one ETN token equals $ 0.01942/0.0000002994BTC. here ‘s an overview of Electroneum ( ETN ) :
|Electroneum ( ETN ) Price nowadays||$ 0.004973|
|marketplace Cap||$ 89,105,133|
|Circulating supply||17.92B ETN|
|day by day trade volume||$ 145,073|
|all-time High||$ 0.236234 ( 2 November 2017 )|
|all-time low||$ 0.001428 ( 13 March 2020 )|
|Official Website||hypertext transfer protocol : //electroneum.com/|
Electroneum (ETN) price history
Electroneum Coin entered the market during the impregnable emergence of Bitcoin and the popularity of cryptocurrencies around the globe. In its first month, it traded below $ 0.10, sometimes around $ 0.04, but in early December, the position began to change. The monetary value heighten coincided with its list on HitBTC. In December and January, the price held above $ 0.10 .ETN/USD historical price chart for 2017-2022 By the end of January 2018, the price had fallen. In March 2018, several exchanges listed Electroneum. however, this did not affect the asset ‘s price. The price kept dropping through spring and June. There was a short-circuit spike in July, when the price rose above $ 0.010 per coin for respective days, alone to fall again. On 5 August, the coin began to lose measure promptly. By mid-september 2018, the ETN mint traded for about $ 0.005. in concert with Bitcoin, the price of Electroneum rose on 22 September, reaching $ 0.02 in October 2020. In November of the lapp class, the BTC market began to decline sharply, a swerve that affected the entire cryptocurrency diligence. unfortunately, for most altcoins, prices depend largely on Bitcoin ‘s price fluctuations, and ETN is no exception. not amazingly, Electroneum ‘s price fell to $ 0.005 by 17 January 2019 .
Electroneum (ETN) price prediction 2019
ETN/USDT daily logarithmic chart in 2019. From there, the mint grew to $ 0.0075 by 23 February. The coin failed to consolidate at this monetary value, dropping back to $ 0.005 on 11 March. The cocksure newsworthiness about Electroneum ‘s list on Huobi Global led to a price increase from $ 0.005 per mint to $ 0.006 for some time. right after that, ETN dropped to $ 0.004 on 4 June. A originate to $ 0.0063 followed that in July. In August, the price fell even harder, breaking the $ 0.004 support charge, but that was n’t its bottom. In September, the price dropped to $ 0.0034 per 1 ETN. A flying rally to $ 0.0047 followed that on 17 September. One way or another, Electroneum ‘s price failed to recover in full, and the asset closed the year at $ 0.0034 per ETN mint .
Electroneum (ETN) price prediction 2020
ETN/USDT daily logarithmic chart in 2020. It was n’t until recently January 2020 that Electroneum ‘s price reached $ 0.004, but not for long. In March 2020, the cryptocurrency market experienced one of the biggest shocks. numerous investors were selling all their coins in a rush to get some money to pay brokers in the floating stock markets. Like all early crypto assets, Electroneum began to lose rate. At certain points in the second half of March, ETN ‘s price was just above $ 0.0015. The price struggled below $ 0.002 until late April, when buyers managed to break through immunity and take Electroneum ‘s price to $ 0.0093 on 18 May. A acuate pullback to $ 0.006 followed that, and buyers made another attack to climb above the $ 0.0093 resistance degree on 30 May but failed. Through the summer and fall, the asset consolidated in the $ 0.0045-0.006 roll. In deep October, Electroneum dropped below the $ 0.0045 hold level, forming a newly support level at $ 0.0038 on 21 November .
Electroneum (ETN) price prediction 2021
ETN/USDT daily logarithmic chart in 2021 In 2021, ETN had its best year in terms of growth since it launched. Its value rose by over 800 % from the startle of the class until March, then corrected heavily for the one-half of 2021. In June, ETN hit a support zone that ended the correction, but the monetary value could n’t recover all it had lost, even until the end of the year .
Electroneum (ETN) technical analysis
ETN/USDT 4h chart. After ETN launched in 2017, it had a price flaunt crash that saw its initial value go from $ 0.50 to $ 0.05 in less than a week. After the crash, ETN failed to recover by any substantial gross profit. Its highest price since then was the high made in March 2021. There ‘s not much promise for substantial price convalescence ; a bearish double divergence on the RSI formed a couple of weeks ago, which far propelled the value downwards. It will likely take a strong bullish crypto market to revive ETN to significantly higher prices .
Electroneum (ETN) price prediction for 2022,2023, 2025, 2030
Throughout this meter, Electroneum ‘s achievements in terms of engineering, advertise, getting listed on goodly exchanges and early developments did n’t help its price take off or remain at the same level. In addition, we must understand that ETN entered the crypto market at a historically high decimal point. Since the cryptocurrency marketplace tends to follow Bitcoin in terms of price trends, ETN was bound to lose its master high monetary value along with the remainder of the grocery store about from the very beginning. however, the project has solid support from the community, and its developer team continues to work on the project. It seems that Electroneum has a prospect for a bright future, so lease ‘s review the most credible Electroneum ( ETN ) monetary value predictions from experts to see what they say .
TradingBeasts Electroneum (ETN) price prediction for 2022, 2023, 2025, 2030
TradingBeasts ‘ Electroneum coin price prediction is quite bullish. ETN ‘s price is expected to gain another 26.10 % before the end of the year. It ‘s besides expected that the price will continue to rise for the most part of 2023, reaching a high as $ 0.01. From 2024, ETN ‘s price is expected to grow even higher through 2026, with a steady price of above $ 0.015 .
WalletInvestor Electroneum (ETN) price prediction for 2022, 2023, 2025, 2030
Following WalletInvestor ‘s Electroneum latest price prediction, ETN is an amazing long-run investment, specially for 2023. They predict that the price could spike to $ 0.0777 in one year. In the be years, WalletInvestor expects that Electroneum ‘s future monetary value will continue growing, reaching $ 0.0197 by 2027 .WalletInvestor’s Electroneum (ETN) 2022-2023 price prediction.
CoinLiker Electroneum (ETN) price prediction for 2022, 2023, 2025, 2030
According to CoinLiker ‘s ETN price prediction, the future of Electroneum is brilliantly. In the future years, Electroneum will skyrocket, according to their prediction. They forecast that ETN coin ‘s future price will grow to $ 0.03235 in a year and will continue rising to $ 0.146962 by 2025.
Electroneum (ETN) overall value predictions in the future
We believe that the Electroneum team is professional and adept enough to maintain its presence in the cryptocurrency space. The ideas rooted in the project will help people to overcome fiscal crises with this asset. The plan ‘s regular development and support, along with its growing popularity, should have a positive impact on Electroneum ‘s future .
Will Electroneum (ETN) go up?
Electroneum is one of the cryptocurrencies with a virtual application. The team is actively working with citizens of developing countries, deoxyadenosine monophosphate well as in the gamble and telecommunication industries. The probability of ETN ‘s growth is very high .
Electroneum’s (ETN) price prediction today
Considering the fact that there are about 2 billion smartphones in the world, it opens up a huge field for Electroneum ‘s goals. If the developers can achieve all their plans, including establishing cooperation with such companies as Google and Facebook, and make use of the opportunities that the world presents them, Electroneum ‘s growth is inevitable .