Electroneum is one of those underdog coins that we expect to see it make major moves within the crypto space this year. It was also listed among our top 4 coins to watch out for in 2018 and since then, it has more than doubled its price. Given the current positive gains, here 4 major events that will see ETN’s price take a major run-up in the coming weeks.
Mobile mining “experience” app
This is one of the biggest attracting factors for most of its investors. Their mining experience app is expected to work like normal PC mining as you get mined coins by simply having your phone “up and running”. The coin targets mobile users and by providing a mobile mining app, they aim to capture millions of mobile phone users. It recently announced it will be commencing with the BETA testing phase of the mining App after which the mobile mining app is expected to launch in the coming weeks. We expect to see Many more users and token holders after its mobile mining app goes live
Additional Exchanges
The success of the coin can only be attributed to one exchange. ETN is currently being traded only on Cryptopia and recently, NEXT exchange (a new exchange) announced it will be including ETN on their trading platform. These are smaller exchanges and ETN’s investors are highly anticipating an announcement of the coin getting into bigger exchanges. The moment it gets listed on larger exchanges, we expect to see ETN’s price take a major run-up as it will provide more confidence to those still sceptical about the coin’s future given that it is currently only listed on one exchange but more importantly, it will be exposed to a broader audience.
Partnerships
More partnerships will see the coin sky rock in price like we have seen with many other coins such as Ripple. Currently, they have at least 2 (MUD or partnerships signed). Its recent price increase came after the company announced it had a MUD with XIUS a telecom company headquartered in the US operating on 6 continents with an average of $1 B worth of monthly payment transactions. This partnership saw its price move from around $0.08 to a new all-time high of over $0.22. ETN’s management also assures its investors they have a much bigger partnership in the pipeline which should be announced in the coming weeks. This should see ETN’s price take another major run-up.
IOS Application
Access to the coin’s wallet is currently only available on Android as the team works its way to have in on IOS also. Though we don’t expect to see this impact its price drastically, we do believe it will increase the adoption of the coin and bring in more confidence around to coin. Nevertheless, those with IOS can still access their funds via a web wallet.
Given the fact that the team has been very quiet with releasing information regarding the above topics, we at Crypto-Lines believe it’s part of their marketing strategy as many companies prefer unfolding major events step by step rather than unleashing everything at once as this coin still remains on our list of top 4 coins to watch out for in 2018.
What are your thoughts on this coin? Do you think these events will necessarily see an increase in its price?
Let us know your thoughts in the comment section below