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Electroneum Price Prediction: Does Electroneum Have a Future?

One of the main goals of crypto is making transferring money as quick and cheap as possible, even for the unbanked. Electroneum is a project focusing on that, with its attention to security and a mobile-first approach. You can find out more about Electroneum native coin, as well as read ETN price predictions, in the article below.

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Electroneum Fundamental Analysis

Project name
Electroneum
Stock Symbol
ETN
Current Price
0.008515
Current Supply
17911322667.5
Launch Date
2017
Official Website

Electroneum is a mobile phone-based crypto platform with an instant payment system. It provides access to worldwide marketplaces even for users that don’t have a bank account. It allows fast crypto transactions with minimal fees. Different from the other projects, it aims to bring easily accessible cryptos to smartphones. 

Originally the project was built using the Monero database and based on the gambling and gaming industries, but the goal switched to instant payments soon after, and in 2019 Electroneum migrated from Monero to the moderated proof-of-responsibility blockchain to focus on delivering as good as possible payment services. 

On September 30 2021 Electroneum blockchain was updated to V10 bringing new features such as switching to public transactions, a 75% block reward reduction, and a new technology for instant wallet synchronization and future smart contracts. It also became one of the most secure blockchains, being insusceptible to the 51% attack. 

The project was formed in July 2017 and launched in September 2017 by Richard Ellis, an entrepreneurial marketer dreaming to be a coder. He also owns Retortal, a social media marketing platform for direct-selling businesses and SiteWizard digital agency. 

Ellis believed in the crypto future of world finances and wanted to make it easier to understand for everyone so more people can benefit from the blockchain. Right after the launch Electroneum exchange tokens (ETN) were made available for Initial Coin Offering (ICO) that is still recorded as a record ICO by the number of participants (115K+).

Electroneum Live Price Chart

Electroneum token has been on an uptrend since the beginning of 2021. It started the year trading for $0.0045, but the prices started to grow straight away doubling in a week and reaching $0.008 on January 8. After that token experienced a market correction and its price was pulled off to $0.005. 

At the beginning of February, ETN went for another bullish rally and its price skyrocketed to $0.015 followed by a series of corrections dropping first to $0.012 and then to $0.009. At the beginning of March, the price went into an uptrend again and was rising till March 26 when it reach the record heights of $0.038 for the year period. Electroneum’s value was corrected after and the coin price started to decline following the bearish tendencies of the crypto market. 

By mid-July, the price reached the level before the big surge and the token was traded between $0.005 and $0.006. From that time Electroneum started to regain its price again. On July 18 it surged to $0.011 and then was pulled off to $0.008. The market stayed bullish till now and at the time of publishing the token is traded for $0.01531 with a price decline recorded in the last 7 days.

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Electroneum Technical Analysis

Despite the fact that 100% accurate technical analysis for Electroneum cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ETN buy-and-sell rating for selected timeframe. The summary for ETN/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Electroneum Price Prediction

Below we have collected the most reliable price projections for Electroneum (ETN) from popular forecast platforms.

WalletInvestor ETN Price Prediction for 2022, 2024, 2026

According to WalletInvestor, Electroneum price will grow from $0.008515 to $0.0147 in one year. That makes ETN an awesome investment. The long-term earning potential is 72.64%. Predicted price for the end of 2027 is $0.04017.

TradingBeasts ETN Price Prediction for 2023

Answering the question about if Electroneum is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $0.0111343 with a reduction to $0.0110538 by the end of 2023.

DigitalCoin ETN Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Electroneum cryptocurrency will rise in the next 5 years starting from $0.0091402 as of today’s price to $0.0396327. It will go up to $0.0133937 by 2023 and starts its reduction in 2024-2025. Based on this forecast, Electroneum is a profitable long-term investment.
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Summary

As it can be clear from the analysis cited above, Electroneum (ETN) projections are rather contradictory. There is no universal consensus either about positive or negative future ETN price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Electroneum projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
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Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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Exchange Electroneum

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