Blockchain Update + Price Prediction
The question here is simple for some investors - Will Electroneum ever reach its stable price of $0.08 cents again?
Well nobody knows, but, why did it fall in price so much?
Electroneum lost 70% of its value in no time due to its blockchain issues with ASICS, and a potential 51% attack. They will be updating their blockchain on May 30, 2018. Everything will be fixed with a patent signed for instant transactions. We have currently risen 10% overnight, at this pace in my opinion we should be at $0.04+ before the blockchain update.
What is interesting about ETN?
What interest me personally about Electroneum is that they are trying to be in everyones mouth, just how everyone talks about Bitcoin, Electroneum is trying to be mass adopted. With the excellent marketing they had on their ICO it is VERY possible for them to reach this in a couple of years. Mobile miner is another one, you might ask yourself, but wont it drain my phone battery? No, the mining is simulated, as of now people are getting around $3 a month for just having their Electroneum app running in the background. It may not be worth our time for those of us who live in 1st world countries, but when you put more thought into it, that is a great step for mass adoption. For example, Venezuela, their monthly wage averages around $4-5. Imagine them mining Electroneum gaining $3 monthly with a chance of this increasing as the time goes by. It would make the Bolivar useless in every sense.
ETN targeted by commercial companies?
Electroneum is also aiming to be the “PayPal of crypto” with ETN signing a patent for faster transactions. We all know that transaction fees on crypto are super low, wether you send some crypto to a neighbor or a friend that lives on the other side of the world. The transaction fee is the same. Commercial companies spend a lot of money on daily transactions. Electroneum has been flirting with these companies as well by offering them ETN as payment just to work with them, and has also made it clear to them that they want to push ETN to their customers. So, there is basically a circle going on, these companies are doing the job for ETN. That is the reason it has a great chance of having tens or 100s of millions of users, when you have that BIG companies find a way to offer their products for ETN. Then when the world takes notice, investors notice, then the demand goes up. All of that is still to come, we have barely started. All that stuff that adds demand and pushes price is yet to come.
What are you waiting for? Buy Electroneum at this cheap price before its too late!