The Electroneum network and the Electroneum coin of the same name (ETN) are very different from other crypto projects. The Electroneum network is built on its own blockchain and is focused on portable devices.
Features Electroneum
The Electroneum (ETN) cryptocurrency was developed in the UK for the online gaming and mobile gaming market. The network looks promising and is quite capable of causing a tangible shift in the cryptocurrency market.
Since the Electroneum ecosystem was originally adapted for smartphones, access to it is possible for almost any inhabitant of the planet. With a smartphone, you can mine tokens and accumulate them in ETN wallets.
The Electroneum team aims to create a crypto payment platform with minimal fees for a part of the population that does not have access to traditional financial instruments.
ETN price history
The coin appeared on the market in the fall of 2017, against the backdrop of a craze for cryptocurrencies. In the first month, the coin was trading below $0.1, but after listing on HitBTC, the price began to rise. There was no breakthrough, but until the end of January, the coin was fairly stable above $0.1. In the end, the coin fell in price and the listings on the TOP exchanges did not really affect the situation.
In the early fall of 2018, ETN was trading in a range around $0.005 and rose briefly as Bitcoin surged. From that point on, the Electroneum coin traded in a relatively narrow range around $0.005 until the spring of 2020. Spring 2020 was one of the toughest times for ETN, with the price dropping to $0.001 in March and briefly hitting $0.01 in the first half of May.
Until the end of 2020, ETN traded steadily within $0.005. In 2021, ETN started growing in sync with the market. The spring was especially hot when several highs were reached at the levels of 0.015, 0.0199, and 0.39 dollars. The autumn season of altcoins did not pass ETN either. In September and November, the price of the coin reached $0.02, but could not resist and quickly dropped again to the current level of $0.006.
Electroneum is that rare case when important milestones in the development of the project and its communication with the society had practically no effect on the dynamics of the price of the coin. Why this happens is still unclear. And yet the project continues to develop and it is very likely that in the future it has good chances.
ETN Price Prediction
The project looks quite promising and it has every chance to remain relevant. Despite the difficult past, analysts give an optimistic ETN price prediction for the coming years.
ETN Price Prediction for 2022
By the end of 2022, it is likely that ETN will break the $0.01 barrier. Experts from TradingBeasts and Investor Wallet are convinced that the price of the coin could exceed $0.03 during the current year.
ETN Price Prediction for 2024-25
In 2024, another Bitcoin halving will take place. This event usually pushes the market up. On a general upswing, ETN is highly likely to stabilize above $0.025 and hit $0.04 in 2025.
ETN Price Prediction for 2030
Making forecasts for a more distant future is a thankless task. The price of a cryptocurrency is influenced by many factors, some of which are completely non-obvious. The coin is expected to be worth at least $0.25 by 2030.
Is it worth investing in ETN
The low price of the coin looks very attractive for novice investors. However, the cryptocurrency market is unpredictable. Before investing in digital coins, study the asset you are interested in. And never risk an amount that you are not ready to lose.
