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Electroneum Price Prediction 2022-2031: Is ETN a Good Investment?

Electroneum Price Prediction 1

If Electroneum cryptocurrency has caught your attention and you want to know more about its background and future, you are in the right place. Electroneum was created in 2017, and today, it is one of the top cryptocurrencies in the market.

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

This guide will also look at Electroneum’s potential for investment. So, by the end of this guide, you will have a detailed understanding of what the Electroneum coin is and how it is distinct from other digital assets.

Today’s Electroneum price is $0.003461 with a 24-hour trading volume of $69,984.94. Electroneum is down 4.80% in the last 24 hours. The current CoinMarketCap ranking is #323, with a live market cap of $62,029,488. It has a circulating supply of 17,922,635,499 ETN coins and a max. supply of 21,000,000,000 ETN coins.

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

Also Read:

How To Mine Electroneum

What is Electroneum (ETN)?

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 makes the Electroneum network distinct focuses on portable devices and fast micropayments.

Electroneum (ETN) is a British cryptocurrency initially designed for the mobile gaming and online gaming markets. The company’s name and currency are derived from 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 they can 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.

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.


Electroneum Overview

Electroneum Overview
CoinSymbolPriceMarketcapChangeLast 24hSupplyVolume (24h)
electroneum
Electroneum
ETN
ETN$ 0.002820$ 50.39 M6.95%17.92 B$ 142.94 K

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.

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. These, in addition to the Electroneum app, are the two ways to mine an ETN coin.

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 averagely 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

The price of Electroneum has been moving in a channel indicating a decreasing trend. It has recently been seeing a decline in interest, and the volume, which has been trailing behind has prompted the first curved line of ETN price to break.

The market has been highly unforgiving to alternative cryptocurrencies. The fact that ETN could be establishing another curved line trend that is aligning with an ABC correction is a piece of positive news. The second trend line results in a greater peak of the channel, which is located somewhere around $0.20.

Electroneum Price Prediction 2022-2031: Is ETN a Good Investment? 1

Electroneum Price Predictions by Authority Sites

Wallet Investor

ETN is a poor long-term (1-year) investment, according to our Forecast System. Smart technical analysis updates Electroneum forecasts every 3 minutes with the most recent pricing. It is vital to highlight that the ETN pricing can be readily manipulated because of the low market size.

Wallet Investor forecasts future prices of digital tokens such as Electroneum using technical analysis. According to Wallet Investor, while ETN is not a virtual currency with a high return, it might be a beneficial investment alternative. On 2022-06-26, the price of Electroneum was 0.00348 USD. If you buy Electroneum for $100 today, you will receive 28724.24 ETN. According to our projections, long-term growth is projected; the price prediction for 2027-06-19 is 0.00523 US Dollars. Revenue is estimated to be about +50.29 percent after a 5-year investment. In 2027, your present $100 investment might be worth up to $150.29.

CoinCodex

According to Coincodex’s current Electroneum price projection, the value of Electroneum is expected to climb by 22.38 percent by July 1, 2022, reaching $ 0.004142. Their technical indicators indicate that the present attitude is bearish, with the Fear & Greed Index reading 14 points (Extreme Fear). Over the previous 30 days, Electroneum had 12/30 (40%) green days and 14.37 percent price volatility. According to our Electroneum forecast, now is not a good time to buy Electroneum.

Comparing Electroneum to other significant technical developments and trends might help anticipate where the Electroneum price will go in the long run if its development trajectory mirrored that of the internet or huge tech companies like Google and Facebook in their boom period.

In the best-case scenario, ETN price projection for 2025 is $ 0.037036 if it tracks the rise of Facebook. If Electroneum grows at the same rate as the Internet, the forecast for 2025 is $ 0.007300.

Digital Coin Price

Electroneum may be able to break past the barrier of $0.00558 and maintain its position as the dominant cryptocurrency by the end of the year 2023. The price of one Electroneum is expected to bottom out between $0.00462 and $0.00558. There is a strong likelihood that the price of Electroneum will double in the next 2025, but there is also the possibility that it will not reach the maximum level of $0.00779 that was predicted for it. It is anticipated that the price of eEectroneum would reach a minimum of $0.0153 by the year 2030. The value of one Electroneum might reach a maximum of $0.0166 in 2030 if it maintains a trading price of $0.0157 during the entire year.

Cryptopolitan

Electroneum Price Prediction 2022-2031: Is ETN a Good Investment? 2
Electroneum Price Prediction 2022-2031: Is ETN a Good Investment? 3

Electroneum Price Prediction 2022

According to our in-depth technical analysis of previous ETN price data, the price of Electroneum is expected to hit a low of $0.004 in 2022. With an average trading price of $0.004, the ETN price can reach a high of $0.005. C

Electroneum Price Prediction 2023

In 2023, the price of Electroneum is expected to fall to a low of $0.006. The Electroneum price can reach a high of $0.007 and an average price of $0.007 in 2023.

Electroneum Price Prediction 2024

According to the forecast price and technical analysis, the price of Electroneum is expected to hit a low of $0.009 in 2024. With an average trading price of $0.009, the ETN price can reach a high of $0.011.

Electroneum Price Prediction 2025

In 2025, the price of one Electroneum is predicted to be as low as $0.014 USD. Throughout 2025, the ETN price might reach a high of $0.016 and a low of $0.014 per share.

Electroneum Price Prediction 2026

In 2026, the price of Electroneum is expected to fall as low as $0.020. According to our estimates, the ETN price might reach a high of $0.024 with an average projected price of $0.021.

Electroneum Price Prediction 2027

According to our in-depth technical analysis of previous ETN price data, the price of Electroneum in 2027 is expected to be about $0.029. The Electroneum price may reach a maximum of $0.035 in USD, with an average trading value of $0.030. C

Electroneum Price Prediction 2028

The price of Electroneum is expected to fall to $0.041 in 2028. Throughout 2028, the Electroneum price might reach a high of $0.049 with an average trading price of $0.042. Continue Reading

Electroneum Price Prediction 2029

According to the projection and technical analysis, the price of Electroneum is anticipated to hit a low of $0.060 in 2029. The ETN pricing has a maximum price of $0.071 and an average price of $0.062. Continue Reading

Electroneum Price Prediction 2030

In 2030, the price of Electroneum is expected to be as low as $0.084. Throughout 2030, the Electroneum price might reach a high of $0.10 with an average trading price of $0.086. Continue Reading

Electroneum Price Prediction 2031

In 2031, the price of Electroneum is expected to fall as low as $0.12. According to our calculations, the ETN price might reach a high of $0.14, with an average projected price of $0.12.

Conclusion

At the end of 2022, the price of an ETN is expected to reach a high of $0.005. By the end of this year, the average price of Electroneum (ETN) could reach $0.004. If we look at the five-year plan, we can say that the coin will reach $0.021 without much trouble. Electroneum has a great chance to reach new heights in terms of price. It is thought that the value of ETN will go up. Experts and business analysts say that Electroneum could reach its highest price of $0.14 by the year 2030.

As we’ve already said, cryptocurrency is unstable, so it’s always a good idea to talk to a financial advisor before you invest or do research. If you’re interested in the project, you should keep a close eye on how it’s going so you know when to invest. This is only true if you think it would be a better investment based on how well they solve real problems.

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, “we are the obvious choice if seeking for a cryptocurrency with genuine users,” therefore many independent businesses have begun adopting the coin. This might have an impact on 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.

According to our detailed technical analysis of recent ETN price data, the price of Electroneum is expected to decline to a minimum of $0.004 in 2022. The ETN price can reach a maximum of $0.005 with an average trading price of $0.004. Electroneum’s price is anticipated to fall as low as $0.084 by 2030 for long-term HODLers. With an average price of $0.086 in 2030, the Electroneum price might reach a high of $0.10.

As previously noted, cryptocurrency is volatile, and it is always a good idea to consult with a financial consultant before investing or conducting research. If you are interested in the project, you should keep a careful eye on its progress so that you can invest at the perfect moment. This is just if you determine it’s a better investment based on how successfully they address genuine concerns.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

FAQs

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

At the end of 2022, the ETN price is predicted to hit a high of $0.005

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?

By the end of the year, the average price of Electroneum (ETN) might be $0.004. According to the five-year forecast, the coin will easily hit the $0.021 threshold. In 2031, the price of Electroneum is expected to fall as low as $0.12. According to our calculations, the ETN price might reach a high of $0.14, with an average projected price of $0.12.

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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