Compared to Bitcoin, Electroneum has one more advantage of displaying prices in the system with two decimal places, which is very convenient. Because Bitcoin has a maximum possible issue of 21 million coins and is extremely popular, coins are broken down into Satoshi, which has eight decimal places. Another way that Electroneum benefits communities in the developing world are through its relationship with non-governmental organisations .

• The company’s website states that the entire ETN network consumes the equivalent of several light bulbs of energy.
• These are some of the reasons which may make Electroneum a good investment.
• But you can’t use ASIC (application-specific integrated circuit) devices for mining.
• Electroneum’s price for 2029 according to our analysis should range between $0.01 to $0.015 and the average price of ETN should be around $0.012.
• The concept of mobile mining is future because most of new mobile having great configuration that can support basic requirement.
• There’s always a possibility that exchanges will close traders’ positions if prices decline sharply.

Electroneum is both the company behind the cryptocurrency and the actual currency. Project authors claim they are the first British cryptocurrency. Electroneum adoption numbers rising every day are not enough to boost the price. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.

Or is Electroneum a bad investment option?

As you can see in the https://currency-trading.org/ below, the Electroneum price dropped from $0.23 to $0.06. Wanted to know how the future cryptocurrency prices would grow if we used the price gains of the leading social/technological innovations like Facebook, Smartphones, Data, etc.? Our forecasts here could give you some pointers on the potential future of these innovative technologies. The ETN price prediction for 2025 is the first time we see the price change going over 200%.

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High inflation and extremely unsafe macro situation reflected heavily on Bitcoin price in 2022. When we take the internal crypto troubles with big players like FTX, Celsius, Voyager, Luna going down, 2023 is not looking too good for the bulls. We will probably see a lot of boring sideways price action with a tendency to slip lower with each minor market tremor. In this guide, we will voice our own and market’s opinion on ETN future while discussing Electroneum price forecast for 2023 and beyond.

In the coming four years, https://cryptominer.services/ is going to be a profitable asset as analyzed by the different platforms. TradingBeasts’ Electroneum coin price prediction is quite bullish. ETN’s price is expected to gain another 26.10% before the end of the year. It’s also expected that the price will continue to rise for the most part of 2023, reaching as high as $0.01.

Electroneum (ETN) price prediction 2022

According to this ETN price prediction, Electroneum was supposed to be around $0.74 in December 2018. They based their Electroneum predictions on the fact that it has a huge following of supporters and is very easy to use. You can see the historical price trend of Electroneum in the chart from the coinmarketcap below.

There’s always a possibility that exchanges will close traders’ positions if prices decline sharply. Our Electroneum price prediction for 2028 is a maximum price of $0.024 and an average trading price of $0.020.The altcoin is projected to reach a minimum price of $0.020 by the end of 2028. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Mining requires powerful equipment, and buying cryptocurrencies requires start-up funds, wallets, bank accounts, and stock exchange accounts. Thus, they decided to make digital money available for users of mobile phones. Electroneum has its own unique blockchain, which does not allow mine the cryptocurrency by video cards, let alone ASIC-devices.

Electroneum price predictions by tech sector

In November, the BTC market began to decline sharply, a trend that affected the entire cryptocurrency industry. Unfortunately, for most altcoins, prices depend largely on Bitcoin’s price fluctuations, and ETN is no exception. Not surprisingly, Electroneum’s price fell to $0.005 by 17 January 2019. The maximum commissions in the system are very low , and the security level is very high, even with the minimum number of potential senders involved. The number of participants holds an industry record, with over 115,000 investors buying coins.

However, its complementary platform, Anytask.com, launched in 2020, has helped attract many users today. Electroneum uses the CryptoNote algorithm based on Bitcoin’s code. What makes this algorithm special is 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. Furthermore, transaction fees were raised to 0.1 ETN, the block time was increased, and the block reward was increased.

This means that every time they post ayn updates in their group, the price will significantly go up. The team behind Electroneum actively pursues all opportunities to grow as a network. According to their roadmap, they’re going to collaborate with other blockchain projects, expand existing services to more regions, add listings on leading exchanges, and do a lot more. These are just a few reasons why Electroneum is likely to become bigger and stronger.

How much will Electroneum be worth in 5 years?

They manage the Electroneum network and receive ETN tokens as a block reward. Later on, this money can be used to help communities in different ways, depending on the NGO’s mission. Moreover, Electroneum is proud to say that its network is one of the most environmentally friendly in the industry, even while mining new tokens. The company’s website states that the entire ETN network consumes the equivalent of several light bulbs of energy.

© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Electroneum produces its own wallet software that is available for download on its website, which allows you to store Electroneum on your computer. As of December 23, 2021, Electroneum cryptocurrency has a capitalization of $ 53,128,168 or 2,245 BTC and takes 153 place in the rating of the coins.

Electroneum’s price for 2023 according to our analysis should range between $0.0045 to $0.0068 and the average price of ETN should be around $0.0056. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Technical analysis uses historical price trends, and trading volume trends, to predict the future.

If you want to collaborate with DailyCoin and become our contibutor, please contact us at Electroneum is an accessible and exciting project with a real use case. However, as things currently stand, it still needs mainstream adoption for success and not only in developing countries. Thus if you believe that this run will only see a price surge of the usual suspects – big players in the top 10 cryptocurrencies, Electroneum might not be an excellent investment for you. However, suppose you think that a continually growing user base and great accessibility might have a better future than many projects that do not have an actual product yet.

The team needs to continue lobbying governments on crypto legislation as a member of the Digital Pound Foundation, CryptoUK, and Blockchain for Europe. The AnyTask Platform needs a better user experience, especially for first-time sellers. A platform for non-profit organizations and charities (handpicked by Electroneum’s team) where they can receive donations in ETN. Participants receive ETN for accepting and promoting Electroneum’s crypto in their community.

We have introduced every aspect from its origin to the predictions in upcoming years. This article has covered in-depth detail about everything including price predictions. Many big names in the market claim that Electroneum will make a huge break in vomming years.

With an average forecast price of $0.003, the ETN price may go as high as $0.004 in 2023. 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. 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.