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Electroneum’s ETN cryptocurrency had a good week the week before last week. It kept rising all week long so it was expected that it would adjust downwards at some point, which is what’s been happening in the last couple of days. It’s been losing value moderately, as all crypto coins have.

The trend is headed by Bitcoin, as usual. Let’s not forget that almost every cryptocurrency is pegged to Bitcoin in some way because most of them are paired with it in exchanges, so when Bitcoin goes down, most other tokens go down as well, one way or the other.

The token has lost 1.76% in value over the last day, in terms of value against USD. This shouldn’t scare anybody off. It’s trading at $0.0149 as we write this. The current price keeps it around the $0.01 mark and it’s expected to go back up before going further down. It’s lost about 2% against Bitcoin, but this is the natural development of things every time that Bitcoin goes down, has it has for more than 10 months now.

If you take the time to have a look at the crypto social media, you’ll see that there is still a lot of good stuff happening for Electroneum behind the scenes. A recent interview with Richar Ells explains how the project is planning to achieve mass adoption so it will reach 20 million users very soon indeed. This is quite ambitious, but it will keep the project’s growth going on which is what matters most for both users and the community in general.

According to some observers, Electroneum and Graft could be among the coins that will make a lot of money for rational players who know what to do with them. Besides pure speculation, ETN users and believers are still expecting lots of good things from this project as of now.

It remains to be seen how things will turn out for Electromeum (ETN) but it’s gaining new users for sure because it’s very easy to come into the Electroneum community. All you need to do is to install an app on your mobile phone or a tablet and let it do the mining for you.

As the current market is going it will be very interesting to see what happens with ETN. Bitcoin is still trading in red numbers and as long as that stays the same, all other coins will suffer. But even in the current crypto environment, Electroneum has managed to create so much excitement that it will surely rise in price sooner rather than later. But as things are now, almost no token can avoid the bearish pressure. But everything is possible, and the cryptosphere can change in the blink of an eye.

For Electroneum the key use cases are micropayments and mobile mining and it’s gaining ground on both. It’s probably the easiest cryptocurrency to acquire because you don’t even need to buy it or enter an exchange to get it.

Cryptocurrencies are an asset class that could create lots of millionaires in the next few years and both Electroneum and Graft could end up being the cause for some of them.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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The post Electroneum (ETN) will take off sooner rather than later appeared first on Global Coin Report.


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