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Electroneum Price Prediction 2023-2031: Is ETN a Good Investment?

Electroneum Price Prediction 1

Electroneum Price Prediction 2023 – 2031

Electroneum was launched in September 2017 as the first UK-based cryptocurrency and today, it is one of the top cryptocurrencies in the market. This Electroneum Price Prediction guide will give you a detailed understanding of the Electroneum coin ETN and how it is distinct from other digital assets.

Electroneum, operating seamlessly on mobile devices, was built to ease and secure smartphone transactions. In addition to that, users can mine ETN coins into their Electroneum wallets using their smartphones.

The Electroneum blockchain validators include trusted Non-Governmental Organisations (NGOs), whose visions align with the ETN network. The ETN block rewards they earn are helping to fund their charitable initiatives. In the coming months, mining will become available to other organizations worldwide, such as Universities.

Today’s Electroneum price is $0.002086 with a 24-hour trading volume of $60,596.6. Electroneum is down 2.54% in the last 24 hours. The current CoinMarketCap ranking is #400, with a live market cap of $37,418,124. It has a circulating supply of 17,934,253,833 ETN coins and a max. supply of 21,000,000,000 ETN coins.

Let’s dive straight into the coin’s background before we go into the Electroneum price prediction.

Also Read:

What is Electroneum (ETN)?

Screenshot 271 1
Source: Electroneum

Like every other digital asset today, the Electroneum coin is a digital asset created on blockchain technology. This digital asset is unique because it is a smartphone anonymized cryptocurrency that operates on its blockchain compared to other cryptocurrencies that usually operate on Ethereum or another blockchain. Another feature that distinguishes the Electroneum network focuses on portable devices and fast micropayments.

Electroneum (ETN) is a British cryptocurrency initially designed for mobile and online gaming markets. The company’s name and currency are derived from the electron, which powers the entire cryptocurrency industry. It promised to be a massive shift in the market and was designed with mobile functionality in mind. In January 2020, Google introduced cosmetic improvements to their “mobile mining” process, which will give them $3 each month for using their app. It is mining not any coins but your data.

Furthermore, Electroneum’s ecosystem was designed to be easy for everyone to use and access. Users can mine ETN tokens from their smartphones and quickly transfer their mined tokens directly to their ETN wallets.

The team behind ETN is to offer a smartphone-based micro crypto bank to those that cannot use traditional financial instruments like debit cards, Google Pay, or Apple Pay. Again ETN team aims to offer the quickest and safest crypto-transaction platform with minimal fees for the world’s unbanked population. You can spend ETN almost anywhere and transact directly with merchants using your smartphone.

Screenshot 272

Today, Electroneum’s ecosystem has allowed cryptocurrency traders to mine ETN from the comfort of their homes using their smartphones, giving them more financial flexibility. Despite processing hundreds of thousands of transactions, with Proof of Responsibility (PoR) each of Electroneum’s blockchain validators consumes the equivalent energy of just 10% of the average household in the UK.


Electroneum Overview

[mcrypto id=”141329″]

The Team behind Electroneum ETN

The team comprises various professionals, including crypto consultants, senior engineers, and industry experts.

Richard Ells founded Electroneum in 2017 due to his interest in cryptocurrencies. However, he sought the technical abilities of his team at Retortal Ltd, one of Richard’s other companies, to develop the cryptocurrency. In September 2017, Electroneum Ltd made ETN exchange tokens available for sale in the Initial Coin Offering (ICO), also known as a token sale. The token sale was a great success closing early after achieving the maximum Bitcoin and Ethereum targets. It is essential to know that the Electroneum Ltd ICO is still the record holder for the largest ICO ever by participant numbers (115K+).

Electroneum fork

Electroneum, which was created to be ASIC-resistant, underwent a fork this summer, making it ASIC-friendly. The fork went underway due to the inconsistency of block timing, which occurred due to GPU mining waves causing delays in completing transactions.

Furthermore, transaction fees were raised to 0.1 ETN, the block time was increased, and the block reward was increased. Also, the complexity in mining ETN becomes more reactive, thus resulting in a more flexible blockchain network.

It was forked twice this year: the first split eliminated ASICs from the network, while the second reinstalled them. What matters most to individuals is that their coins are entirely secure throughout both divisions and now have the following features:

  • ASIC-friendly
  • Emphasis on rapid payments
  • Fee increases
  • Enlarging the block size
  • Lowering the difficulty window
  • Increasing the block reward

How does Electroneum (ETN) work?

Electroneum (ETN) 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.

Electroneum highlights

Electroneum users have held and sent ETN tokens globally at a low cost since their iOS and Android applications. However, its complementary platform, Anytask.com, launched in 2020, has helped attract many users today.

Another solution launched in the Electroneum network, which has attracted many users today, is ETNDonate.com. This solution makes it easy for charitable organizations to promote themselves for free. In addition, ETNDonate.com also enables international charitable contributions in ETN at no additional cost, thus ensuring that these donations get to their intended recipient without incurring cross-border wire transfers.

In 2019, Electroneum’s team improved its security protocol and servers, making it immune to 51% of attacks.

When it comes to regulatory compliance, Electroneum implemented KYC and AML compliance procedures in 2018 ahead of the European 5th Anti-Money Laundering Directive to ensure that every user is thoroughly scrutinized and that Electroneum operated following the 5th EU AML directive.

Electroneum also partnered with Host Havoc, one of the world’s top five gaming platforms today. This partnership will allow more than 4.1 million users to rent servers for 25 games.

The Electroneum community

Electroneum has a sizable community, including over 4.3 million eligible participants. Its social media pages are pretty functional, as of the 2nd quarter of 2021, with 162 14 followers on Facebook, 130,839 followers on Twitter, and 23,482 Telegram channel partners.

Nevertheless, their forum is the only location where you can interact with other public individuals and administrators.

What makes Electroneum (ETN) unique?

When Electroneum was launched, it was initially built using the Monero codebase, which focused on the gaming and gambling industry. However, things changed, and the digital coin turned its sight to creating a platform that solely allows instant cross-border payments.

However, Electroneum migrated from the Monero blockchain to the moderated Proof-of-Responsibility (PoR) blockchain in Q2 of 2019 to offer better payment services.

Even though the main objective of Electroneum is not very different from what other projects offer in the crypto market, it is notably distinct on its own. Why? Because it has mainly focused on bringing cryptos an easily accessible option, smartphones.

The goal of Electroneum is to reach out to the millions who do not have access to a banking system but own a smartphone, like PayPal, but with cryptocurrencies. This cryptocurrency takes a unique approach from other digital cryptocurrencies, even in mining. Electroneum effectively removed the need for expensive, dedicated, power-hungry mining devices when it launched the first “mining” app in March 2018.

Earn more by selling your digital skills online to thousands of buyers at AnyTask.com. Use ETN to pay for everyday essentials including mobile airtime and data and utility top-up. Send ETN anywhere in the world for a fraction of the usual cross-border transfer cost (equivalent to a fraction of a US cent). Find out more uses of ETN here.

How many ETN coins are there in circulation?

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. There are 10,229,924,760 ETN coins in circulation, representing 49% of all the coins there will ever be.

Ever since Electroneum migrated to its blockchain, miners were chosen by the project to ensure reliable networks. However, these miners are expected to spend the block rewards responsibly in helping those less fortunate in harmony with Electroneum’s humanitarian agenda. Electroneum’s proof-of-responsibility also reduces the amount of energy required for the mining process, as Electroneum ensures that investors experience an eco-friendly mining process. In addition to the Electroneum app, these are the two ways to mine an ETN coin.

How to buy ETN

ETN can be purchased from a number of crypto exchanges. Each exchange will offer different methods of paying for ETN, so be sure to check what payment options are offered prior to signing up for an exchange. Current payment methods include:

  • Debit or Credit Card
  • Bank Transfer
  • PayPal
  • Atomic Swap
  • Trading Pairs

The top cryptocurrency exchanges for trading in Electroneum stock are currently KuCoinHuobi, HitBTC, CoinEx, and ProBit Global. Find other exchanges here.

How to mine ETN

Mining Electroneum on a smartphone is fairly straightforward:

  1. Download the app to your device and create an account on the Electroneum website (here’s a helpful guide).
  2. Log into the app using your credentials.
  3. Go to the Miner tab at the bottom and click the Start Mining button.

Electroneum Price History

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.

Even though Electroneum had a successful ICO, it faced a significant hiccup. Many of its investors got hacked, which led to a drastic price drop in November 2017. As seen in the historical data chart below, ETN dropped in price from $0.23 to $0.06.

Afterward, the Electroneum price was revived after the problem was sorted. Hence, ETN price recorded a growth of 122% because it increased from $0.06 in November 2017 back up to $0.22 in January 2018. Like most other digital currencies, its price has declined since January 2018. Later in January 2021, the Electroneum price was reduced again, remaining at $0.005.

So far, Electroneum has performed average if we are to compare it with other cryptocurrencies. This digital coin has also been able to generate interest from investors because it can be mined using just a smartphone.

Electroneum Technical Analysis

Electroneum price analysis shows ETN has been declining in the previous 30 days, and the price is currently hovering around $0.002031 with a market cap of $36,447,748. The ETN token has been making lower lows and lower highs in the past few weeks, and price action is still trending below the 20-day moving average.

Electroneum Price Prediction 2023-2031: Is ETN a Good Investment? 1

There are several factors that could be contributing to the recent decline in Electroneum’s price. First, the FTX contagion has a negative impact on the cryptocurrency market whereby cryptocurrency prices declined in prices amid the global sell-off. Additionally, there has been increased regulatory uncertainty around cryptocurrencies in general, which may also be contributing to ETN’s price decline.

Electroneum technical analysis indicates that the token is facing resistance at $0.002175, the 50-day moving average. A break above this level could signal a reversal in ETN’s price trend and could indicate that the token may be headed for a sustained recovery.

The Moving Average Convergence Divergence (MACD) is also signaling a potential upward trend in Electroneum’s price, with the MACD line above the signal line. The Relative Strength Index (RSI) is showing a downward trajectory as well, confirming that ETN is currently in a bearish trend.

The Fibonacci retracement tool also suggests that Electroneum’s price could reach $0.0025 in the near future, with support at $0.002175 and resistance at $0.002250. Overall, Electroneum appears to be facing some headwinds right now, but there are signs that it may still have some upside potential in the near future.

Electroneum Price Predictions by Cryptopolitan

Electroneum Price Prediction for the remaining part of 2022 is highly unpredictable as the recent price fluctuations have seen Electroneum trade at a range of between $0.002024 and $0.002175. We expect Electroneum to continue trading at this range if the market conditions remain the same.

Signs of recovery can be seen in the first week of December, suggesting that if prices follow this trend, they can go as high as $0.0028 and above by the end of 2022. Trading volume prediction is also not easy due to the recent price fluctuations in Electroneum. However, if the current trends continue, we expect volumes to remain around $38 million daily at most times during this period.

Electroneum Price Prediction 2023-2031: Is ETN a Good Investment? 2
Electroneum Price Prediction 2023-2031: Is ETN a Good Investment? 3

Electroneum Price Prediction 2023

According to Electroneum price prediction for 2023, the digital asset could reach a maximum of $0.004.An average price forecast of $0.003 and a minimum price of $0.003 is possible by the end of 2023.

Electroneum Price Prediction 2024

The Electroneum price prediction for 2024 is a maximum price of $0.005 and an average price of $0.005.The minimum price forecast for 2024 is $0.005.

Electroneum Price Prediction 2025

Based on the Electroneum price prediction for 2025, the digital asset could reach a maximum of $0.008 and an average price of $0.007. A minimum price forecast of $0.007 is expected by the end of 2025.

Electroneum Price Forecast 2026

Electroneum ETN price prediction for 2026 suggests the digital asset will continue on a bullish momentum and could reach a maximum value of $0.012.The altcoin is projected to reach an average price of $0.010 and a minimum price of $0.010.

Electroneum Price Prediction 2027

Based on the Electroneum price forecast for 2027, the digital asset could reach a maximum price level of $0.0177 and an average price of $0.014 by the end of 2027. A minimum price forecast of $0.014 is expected during this period as well.

Electroneum Price Prediction 2028

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.

Electroneum Price Prediction 2029

Based on our Electroneum forecast, the digital asset could reach a maximum value of $0.034 and an average trading price of $0.030 in 2029. A minimum price forecast is expected to be around $0.030.

Electroneum Price Prediction 2030

According to our Electroneum price prediction for 2030, the digital asset could reach a maximum of $0.052 and an average value of $0.043 by 2030. A minimum value of $0.042 is expected during this period.

Electroneum Price Prediction 2031

According to the Electroneum price forecast for 2031, the digital asset could reach a maximum of $0.074 and an average price of $0.063 by the end of 2031. A minimum trading price of $0.061 is expected by the end of 2031 as well.

Electroneum Price Predictions by Wallet Investor

Walletinvestor suggests that by the end of 2022, Electroneum could have a price of  $0.000198, a decline of around 90.10 percent from the current price. Wallet Investor however suggests the prices will increase in the future and ETN could go to $0.00776 in a year’s time and $0.0196 in five years.

Electroneum Price Prediction by Digital Coin Price

According to Digital Coin Price, a bullish uptrend may start in a year’s time and prices could go as high as $0.00256. By the end of 2025, prices could reach around $0.00937 and by the end of 2028, it is expected to be trading at around $0.0152. With a steady growth rate, Electroneum prices could reach these levels.

Electroneum Price Prediction by Trading Beasts

According to Electroneum price prediction on Trading Beasts, in one year, ETN could trade an average price of $ 0.0034062 and a maximum value of $ 0.0042577 by December 2023. A maximum price prediction of $0.0068026 on December 2025 and a minimum price of $ 0.0046258 by the end of 2025 are projected.

Electroneum Price Prediction by Market Experts

According to Crypto Shark, ETN holders may not be able to hold on to their coins in the next few months. The analyst believes that ETN has great potential and its fundamentals are good. However, the short-term price of ETN will not see an increase in prices as soon as it reaches $0.01000 by year-end. It is expected to climb up to reach a maximum value of $0.02090 by December 2023 and gain nearly 222 percent from current prices.

Conclusion

Electroneum has been in production since 2016 but went public through an ICO in 2017. The project raised more than $40 million dollars quickly- which is exactly the amount needed for further development and improvement of the product. The team behind the Electroneum network has recently developed the ETN app that is available on Android and iOS devices. The app helps users mine ETN coins and also offers a secure wallet for holding and transferring ETN tokens.

The Electroneum app enables users to top up mobile airtime by selecting a country, network provider, and a top-up method. More than just an app, it also has a physical representation in the form of coins that can be bought from authorized exchanges and retailers globally.

Some analysts predict that it could experience steady growth in the next few years and offer good returns. Others are not as optimistic and instead expect a decrease in prices due to market volatility. FUD or Fear, Uncertainty, and Doubt around digital assets tend to influence market behavior and decision-making.

Remember that projections, especially long-term ones, are best taken as indications rather than as absolutes, as was previously mentioned. Investing is a very private activity. Do your own study and stay informed of any changes within the Electroneum ecosystem that could improve the chances of its native coin in the future.

There has been a recent uptick in the use of ETN. According to the CEO and creator of the award-winning firm that developed Electroneum, they are the obvious choice for those seeking a cryptocurrency with genuine users and cited many independent businesses that have begun adopting the coin. This might impact the price of ETN in the future, potentially driving it to all-time highs.

You now understand what Electroneum is, its applications, and pricing forecasts over the next five years. There is little question that if Electroneum achieves its goal, it will grab a large market of more than two billion consumers.

If you’re interested in the project, you should keep a close eye on how it’s going so you know the best time to invest. A good indicator of a coin’s longevity would be how well the network solves real day-to-day problems. Always talk to a financial advisor before investing or do your own diligent research.

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FAQs

What is the highest expected price of Electroneum (ETN) in 2022?

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

Is ETN a good investment?

Electroneum's value is projected to climb further as scarcity encourages price increases. Please keep in mind that each investment involves some risk. Simply invest in what you can do before drawing any judgments and conducting as much research as possible.

How high can ETN fly?

According to our research, the ETN price might rise as high as $0.074, with an average projected price of $0.063. That would be an increase of 3600% compared with today's ETN average price.

What is the ETN mining simulator?

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

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