So, that’s the Electroneum price prediction for the year 2023, as shown by two different sources. It seems like a good investment option, but as I have said earlier, it is very difficult to predict the prices of any cryptocurrency in the long run. While cryptocurrency is an extremely unpredictable market, the aim of this guide is to provide as much information as possible. It is always recommended to consult a financial expert before making an investment in cryptocurrencies. Analysts from DigitalCoinPrice expect the ETN price to skyrocket to $0.10 per coin and will not fall below $0.084 in 8 years.

The founding team’s main purpose was to provide a smartphone-based micro crypto bank to those who couldn’t use traditional financial instruments like debit cards, Google Pay, or Apple Pay. Electroneum was designed to be simple so that it could be mined with a smartphone. The cryptocurrency can then be transferred directly to another ETN wallet, an app, or a game after being mined.

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The market value of the cryptocurrency shows an upward trend, despite the presence of inevitable corrections. But at the moment there is no strong excitement around the project. The mining application was downloaded by just over 2.5 million people and this is a drop in the ocean. Therefore, if you decide to make money by investing into crypto, now it is not the best time to invest. Electroneum developers also pay attention to the functioning of the black markets for game money.

• When Electroneum got listed on Sistemkoin exchange (October 30) the price has already begun to meltdown.
• For game owners, Electroneum features become a tool for additional retention of the users.
• Just for registration and a quick confirmation that you are not a bot you will be credited with 25 ETN.

Blockchain used by Electroneum is based on Monero Blockchain to all transaction, reason behind choosing Monero codebase to bring higher privacy in network. Electroneum was already eliminated proof of work mechanism in early 2018 to improve mining, as they also offer CPU power mining powered by special software provided by network. The new PoR blockchain also creates a permissioned network where Electroneum chooses miners based on their interest in the sustainability of the project. The 12 validators on the network are NGOs who use their block rewards for charity work.

Electroneum Price Prediction for the week

That was definitely a successful campaign compared to many other ICOs. The number of participants holds the industry record — over 115,000 investors have bought the coins. Soon, ETN coins have become available on many huge cryptocurrency exchanges, including Huobi, KuCoin, Cryptopia, etc. In December of 2020 it was reported that over 2.7 million people have downloaded the Electroneum application. The number of participants holds an industry record, with over 115,000 investors buying coins. Soon, Electroneum tokens became available on big cryptocurrency exchanges, including Huobi, KuCoin, and others.

Electroneum has a market capitalization of $ 0.141 billion and is branded the first ever British cryptocurrency. Understanding the basics of any cryptocurrency is very important if you are planning to invest in it. So, let’s first learn a little bit about Electroneum (ETN) itself before getting into ETN price predictions.

Electroneum Price Prediction 2027

It’s designed with convenience for mobile devices, fast transactions, and smart micropayments. For a deeper dive into what Electroneum is and how it works, we’ll review the project’s fundamentals and analysis, along with Electroneum price predictions from experts. We are sure that the development of the project is definitely global. And the growth of the scale of application in this area will bring great success to the currency. And the creation of a single currency exchange platform led by Electroneum will bring the project and coin holders not only a huge profit, but also ensure stable growth for many years to come. The pandemic should also have a positive impact on the value of digital currencies as an alternative to traditional ones.

• Concerning the above forecast table, the price of 1 Electroneum (ETN) should be around $0.05 by the end of 2021.
• Since the Electroneum market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Electroneum’s price movements.
• Electroneum keeps the recipient of the assets safe in every transaction through their stealth address.
• Analysts share mixed sentiment on short-term Electroneum crypto price predictions; however, WalletInvestor and DigitalCoin are bullish on the cryptocurrency’s long-term price growth.
• The cryptocurrency can then be transferred directly to another ETN wallet, an app, or a game after being mined.

Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. Past performance is not necessarily indicative steem backed dollars of future results. We present to you comprehensive short term as well as long term predictions for over crypto assets. By mid-September of 2018, the ETN coin has been trading at around $0.005.

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Another way that Electroneum benefits communities in the developing world is through its relationship with non-governmental organisations (NGOs). They manage the Electroneum network and receive ETN tokens as a block reward. Later on, this money can be used to help communities in different ways, depending on the NGO’s mission. Moreover, Electroneum is proud to say that its network is one of the most environmentally friendly in the industry, even while mining new tokens. The company’s website states that the entire ETN network consumes the equivalent of several light bulbs of energy.

Like most other cryptocurrencies, its prices have declined since January 2018. Two years later, in January 2023 Electroneum price is only 0.005 and the future doesn’t seem to be so bright. So, by the end of this guide, you will have a good idea about what Electroneum coin is and how it is different from other coins. You will also have learned about various top Electroneum price predictions, including popular 2023 forecasts.

There was a price spike at the beginning of January 2021, when the value reached $0.008. This was probably driven by Electroneum’s US AnyTask TV ad campaign. Digital signs (tokens) (hereinafter referred to as “tokens”) are not legal tender and are not required to be accepted as a means of payment. Do bear in mind that while ETN might seem like a good investment, cryptocurrencies are highly volatile. According to Coin Gecko, the coin rose 15% in the 14 days leading up to 19 April. Over the past year (April 2021 to April 2022) the coin has lost 77%.

Based on the historic data allocated by the platform, the coin may reach $0.0177, which is still an increase of over 144% compared to February 2022. Once again, the fate of the coin is highly unpredictable in the long term. On the one hand, it can follow a positive scenario and keep prospering if the freelance-based platform grows on the back of an increase in remote work. Add to that the booming crypto market, and some may think that Electroneum has a chance to thrive and enter the list of top cryptocurrencies after Bitcoin. As for the hopes that the coin will reach $1, platform analysts are sure nothing like this will happen within the coming year.

About Electroneum (ETN)

That’s why almost every Electroneum price prediction is positive. In fact, it is difficult to understand what trend will be relevant in future. Too many unexpected events and factors can affect this, as we have already seen this year. Their bullish Electroneum price prediction is that 1 coin will be worth $ 1.

Together with Bitcoin the price of Electroneum Coin increased on September 22 and reached $0.02 at some point in October. Probably it was partly triggered by the news of the upcoming adding of the ETN-Fiat trading pair on Sistemkoin. When Electroneum got listed on Sistemkoin exchange (October 30) the price has already begun to meltdown. In November the BTC market began to shrink drastically, and this trend has affected the entire cryptocurrency industry. The Liquid exchange has added ETN to its list but it didn’t have an effect on the Electroneum Coin’s price.