This guide will take a detailed look at Electroneum price prediction for 2021, 2022, and beyond. However, if this cryptocurrency has caught your attention, and you want to know its future predictions, then you are in the right place. It is essential to know that Electroneum was created in 2017, and today, it is one of the top cryptocurrencies in the market.
This guide will also take a detailed look at if Electroneum is a good investment. I will also reveal how it has performed in the past. So, by the end of this guide, you will have a detailed understanding of what Electroneum coin is and how it is distinct from other digital assets.
Even though the cryptocurrency market is highly volatile, this guide aims at providing you with as much information as possible. Hence, it is always essential to also do your research before investing in cryptocurrencies.
What is Electroneum (ETN)?
Like every other digital asset today, the Electroneum coin is a digital asset created on blockchain technology. This digital asset is special because it is a smartphone anonymized cryptocurrency that operates on its blockchain compared to other cryptocurrencies that usually operate on Ethereum or another blockchain. Another feature that makes Electroneum network distinct is that it focuses on portable devices and fast micropayments.
Electroneum (ETN) is a British cryptocurrency initially designed for the mobile gaming and online gaming markets. The name of the company and currency is derived from electron, which powers the entire cryptocurrency industry. It promised to be a huge shift in the market and was designed with mobile functionality in mind. In January 2020, Google introduced cosmetic improvements to their “mobile mining” process, which will give them $3 each month for using their app. It is mining but not any coins but your data.
Furthermore, Electroneum’s ecosystem was designed to be easy for everyone to use and have access to. Users can mine ETN tokens from their smartphones, and they can easily transfer their mined tokens directly to their ETN wallets.
The purpose of the team behind ETN is to offer a smartphone-based micro crypto bank to those that cannot use traditional financial instruments like debit cards, Google Pay, or Apple Pay. Again ETN team aims to offer the quickest and safest crypto-transaction platform with minimal fees for the world’s unbanked population.
Today, Electroneum’s ecosystem has allowed cryptocurrency traders to mine ETN from the comfort of their homes using their smartphones, giving them more financial flexibility.
The team behind Electroneum ETN
The team comprises a variety of professionals, including crypto consultants, senior engineers, and industry experts.
Richard Ells founded Electroneum in 2017 due to his interest in cryptocurrencies. However, he sought the technical abilities of his team at Retortal Ltd, one of Richard’s other companies, to develop the cryptocurrency. In September 2017, Electroneum Ltd made ETN exchange tokens available for sale in the Initial Coin Offering (ICO), also known as a token sale. The token sale was a great success closing early after having achieved the maximum Bitcoin and Ethereum targets. It is essential to know that the Electroneum Ltd ICO is still the record holder for the largest ICO ever by participant numbers (115K+).
Electroneum, which was created to be ASIC-resistant, underwent a fork this summer, making it ASIC-friendly. The fork went underway due to the inconsistency of block timing, which occurred due to GPU mining waves causing delays in completing transactions.
Furthermore, transaction fees were raised to 0.1 ETN, the block time was increased, and the block reward was increased. Also, the complexity in mining ETN becomes more reactive, thus resulting in a more flexible blockchain network.
It was forked twice this year: the first split eliminated ASICs from the network, while the second reinstalled them. What matters most to individuals is that their coins are entirely secure throughout both divisions and now have the following features:
Emphasis on rapid payments
Enlarging the block size
Lowering the difficulty window
Increasing the block reward
How does Electroneum (ETN) work?
Electroneum (ETN) uses the CryptoNote algorithm, which is based on Bitcoin’s code. What makes this algorithm special is the fact that it allows complete transaction confidentiality. ETN network generates a one-time address to initiate financial transactions, in which traders’ confidential information to encrypted due to the ring signature technology. Electroneum’s ring signature technology makes it difficult to know who made a transaction and the beneficiary because it encrypts the information of financial transactions.
Electroneum users have held and sent ETN tokens globally at a low cost since their iOS and Android applications. However, its complementary platform, Anytask.com, launched in 2020, has helped attract many users today.
Another solution launched in the Electroneum network, which has attracted lots of users today, is ETNDonate.com. This solution makes it easy for charitable organizations to promote themselves for free. In addition, ETNDonate.com also enables international charitable contributions in ETN at no additional cost, thus ensuring that these donations get to their intended recipient without incurring cross-border wire transfers.
In 2019, Electroneum’s team improved its security protocol and servers, making it immune to 51% of attacks.
When it comes to regulatory compliance, Electroneum implemented KYC and AML compliance procedures in 2018 ahead of the European 5th Anti-Money Laundering Directive to ensure that every user is thoroughly scrutinized and that Electroneum operated following the 5th EU AML directive.
Electroneum also partnered with Host Havoc, one of the world’s top five gaming platforms today. This partnership will allow more than 4.1 million users to rent servers for 25 games.
The Electroneum community
Electroneum has a sizable community, including over 4.3 million eligible participants. Its social media pages are pretty functional, as of the 2nd quarter of 2021, with 162, 14 followers on Facebook, 130,839 followers on Twitter, and 23,482 Telegram channel partners.
Nevertheless, their forum is the only location where you can interact with other public individuals and administrators.
What makes Electroneum (ETN) unique?
When Electroneum was launched, it was originally built using the Monero codebase, focused on the gaming and gambling industry. However, things changed, and the digital coin turned its sight to creating a platform that solely allows instant cross-border payments.
However, Electroneum migrated from the Monero blockchain to the moderated proof-of-responsibility (PoR) blockchain in Q2 of 2019 to offer better payment services.
Even though the main objective of Electroneum is not very different from what other projects offer in the crypto market, it is particularly distinct on its own. Why? Because it has focused largely on bringing cryptos an easily accessible option, smartphones.
The goal of Electroneum is to reach out to the millions who do not have access to a banking system but own a smartphone, like PayPal, but with cryptocurrencies. This cryptocurrency takes a unique approach from other digital cryptocurrencies, even in mining. Electroneum effectively removed the need for expensive, dedicated, power-hungry mining devices when it launched the first “mining” app in March 2018.
How many ETN coins are there in circulation?
ETN’s total and circulating supply is currently regulated and limited by the founding team, and it will never exceed 21,000,000,000 coins. There are 10,229,924,760 ETN coins in circulation, representing 49% of all the coins there will ever be.
Ever since Electroneum migrated to its blockchain, miners were chosen by the project to ensure reliable networks. However, these miners are expected to spend the block rewards they receive responsibly in helping those less fortunate in harmony with Electroneum’s humanitarian agenda. Electroneum’s proof-of-responsibility also reduces the amount of energy required for the mining process, as Electroneum ensures that investors experience an eco-friendly mining process. These, in addition to the Electroneum app, are the two ways to mine an ETN coin.
Before I reveal Electroneum price prediction, let’s look at its price history, current price, and technical analysis.
Electroneum price history
When Electroneum ICO was launched in 2017, it closed early after reaching a hard cap of $40 million. Electroneum has a market cap of $272,031,404 billion, and it is the first-ever cryptocurrency to come from Great Britain.
Even though Electroneum had a successful ICO, it faced a major hiccup after. Many of its investors got hacked, which led to a drastic price drop in November 2017. As seen in the historical data chart below, you will discover ETN dropped in price from $0.23 to $0.06.
Afterward, the Electroneum price was revived after the problem was sorted. Hence, ETN price recorded a growth of 122% because it increased from $0.06 in November 2017 back up to $0.22 in January 2018. Like most other digital currencies, its price has declined since January 2018. Later in January 2021, the Electroneum price was reduced again, and it remained at $0.005.
So far, Electroneum has performed averagely if we are to compare it with other cryptocurrencies. That said, this digital coin has also been able to generate interest from investors because it can be mined using just a smartphone.
Electroneum’s current price
At the time of writing, ETN’s price is USD 0.015191, and the current value of its 24-hour trading volume is USD 1,169,287. However, Electroneum cryptocurrency has been down by 1.70% in the last 24 hours. Also, its current CoinMarketCap ranking is #283, with a live market cap of USD 272,031,404. In addition, ETN has a circulating supply of 17,907,175,177 ETN coins and a max. supply of 21,000,000,000 ETN coins.
Electroneum (ETN) technical analysis
From the above technical analysis, it is evident that the pair ETN/USDT could attain a price of $0.0152. ETN/USDT 4-hour chart price is below the 50-day moving average and the 100-day moving average.
According to the fundamental analysis, the bulls have seemed to slow down. The overall Electroneum price action still trades with a bearish price action momentum. And this indicates a good time to buy Electroneum, as there may be a bullish t very soon.
Electroneum (ETN) price prediction for 2021 t0 2026
Electroneum’s strides in terms of technology, listing on cryptocurrency exchanges, advertising, and so on haven’t helped its price. Additionally, we need to know that ETN entered the crypto market at a historically high point. Due to the fact, the cryptocurrency market tends to follow Bitcoin in terms of price trends, ETN was bound to lose its original high value almost from the start.
There is no doubt that the Electroneum project has solid support behind it, and its developer team continues to work on the project. Nonetheless, it seems that Electroneum has a chance for a bright future, so let’s review credible Electroneum (ETN) price predictions from expert crypto analysts to see what they say.
ETN Price Predictions 2021-2030
Wallet Investor ETN price forecast
According to Wallet Investor price prediction on Electroneum, ETN is expected to grow from $0.0152 to a maximum price of USD0.0641 within a year (2022), with an average price of USD0.0467. However, the long-term earning potential of this cryptocurrency is 350%. Again, by the end of 2023, ETN is expected to have an average price of $0.0565 with a maximum of $0.0864.
Furthermore, Wallet Investor also says that by the end of 2024, 2025, and 2026, the average price of ETN will be $0.0672, $0.0768, and $0.0659, while its max price will be $0.116, $0.149, and $0.163.
If you want to know whether ETN is a good investment, then take a long-term look at what it will be within five years.
TradingBeasts ETN price prediction
TradingBeasts’ Electroneum coin price prediction is quite bullish. Electroneum’s price is expected to see a 30% price rise before the year 2021 closes. TradingBeasts also expects that ETN’s price will continue to increase in 2022, and we may see an ETN as high as $0.03. Furthermore, ETN is expected to consolidate from 2023 to 2026, with an average price of around $0.025.
CoinLiker ETN price prediction
According to CoinLiker’s Electroneum prediction, the future is bright. According to their prediction, it is expected that the Electroneum price will skyrocket in the next five years. Additionally, CoinLiker also forecasts that ETN coin’s future price will grow to $0.03235 in a year and will continue rising to $0.146962 by 2025.
PricePrediction ETN price forecast
According to Price Prediction, ETN is expected to have a maximum price of $0.017 and a minimum price of $0.016. In 2022, ETN is also expected to have a maximum price of $0.029 and a minimum price of $0.025. In 2023, 2024, 2025, and 2026, ETN will have a maximum price of $0.043, $0.063, $0.092, and $0.14. ETN is also expected to have a maximum price of $0.65 by 2030.
CoinSwitch ETN price prediction
According to CoinSwitch, Electroneum is expected to see a price increase in the coming years. As more adoption comes in, better technology, and more partnership in the ETN ecosystem, it is expected that ETN’s price will grow. CoinSwitch predicts that ETN’s price may rise to $0.08756 by 2022 and will keep growing to $0.25 by 2030.
Overall ETN value predictions in the future
I believe the team behind Electroneum is professional and skillful enough to maintain its presence in the crypto space. The ideas behind this project are expected to help investors scale through financial crises. Nevertheless, this project’s constant developments plus support and growing popularity should positively affect its price value in the future.
Where can you buy Electroneum?
Electroneum is popular among online exchanges focused on offering mobile services. One cryptocurrency exchange where you can trade ETN currently is Huobi Global. Other notable ones include KuCoin, Biki, BiONE, HitBTC, Sistemkoin, and Liquid.
Now, you know what Electroneum is, its use cases, and its price predictions in the next five years. There is no doubt that if Electroneum can achieve its aim, there will capture a big market that comprises more than two billion users.
Electroneum’s price prediction suggests they seem to be a good long-term investment, but mixed projections exist. According to the forecasts, if everything works in its favor, it will hover between $1-1.00 for an investment return above 5000%.
As stated earlier, cryptocurrency is volatile, and it is always a good idea to reach out to a financial adviser before investing or doing your research. If you love the project, you should closely track its developments so you can invest at the right time. This is if you decide it’s a better investment, though, depending on how well they handle actual issues.
Nevertheless, this project’s constant developments plus support and growing popularity should positively affect its price value in the future.
Will Electroneum replace Bitcoin?
According to these forecasts, such a thing might not happen in the future.
Will Electroneum (ETN) go up?
Electroneum is one of the cryptocurrencies with many practical applications. The team behind it is working with emerging economies and the gambling and telecommunications industries. The probability that of Electroneum’s price growing is high.
Is Electroneum a good investment?
As seen in the price predictions above, it is good to invest in Electroneum. Not only that, Electroneum has a competent team with defined goals and a huge community of supporters. Electroneum owns a well-seasoned, dedicated team tasked to run it regularly. The crew has quickly developed other features and fixed different problems in its ecosystem. However, ETN live customers reached about 263,000 in January, and now they reach more daily. They can potentially earn interest from investors and investors. It is a great investment.
What is ETN’s price prediction today?
Since there are over 2 billion smartphone users worldwide, this opens a world of possibilities for Electroneum. If the team behind Electroneum can achieve all their goals, including establishing cooperation with such companies like Google and Facebook, then Electroneum’s growth is inevitable.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.