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
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.