Altcoin traders try to keep an eye on as many markets as possible. Cryptocurrency is about much more than just XRP, Bitcoin, and Ethereum. Electroneum is a successful project to date, even though its current price and market cap may tell a different story. Even so, the market is showing signs of a minor recovery following a few rough months.
Electroneum Price Seeks Stability
The year 2018 and early 2019 have been rather terrible for all cryptocurrencies, tokens, and digital assets. No market has sustained any real uptrend, although very few of them actually found any stability either. It now appears Electroneum is trying to do exactly that, and the efforts are seemingly paying off already.
Over the past 24 hours, there hasn’t been any real Electronium price change. Although there is a 1.29% gain in ETN/BTC to bring the value back to 170 Satoshi, there is also a minor 0.35% drop in USD value. To date, one ETN is priced at $0.00618, with a potential push to $0.0065 on the horizon. Its overall trading volume, however, has dropped significantly. Under $150,000 in trades is not acceptable for any market in the market cap top 100.
On social media, there is always a buzzing Electroneum community. More specifically, there is a fair bit of speculation regarding potential new partners for this project throughout 2019. While nothing has been confirmed at this point, most supporters believe it will be none other than Samsung. Other contenders include Vodafone UK and Virgin in Africa. For a mobile-oriented cryptocurrency, finding mobile partners will be an ongoing process.
— ᎮᏝᏗᏁᏦᏖᏒᎧᏁᏋᏬᎷ.𝕏 © (@Planktroneum_X) January 12, 2019
It would appear some ETN supporters also expect this altcoin to be added to the upcoming Bakkt exchange in the not-so-distant future. That might be wishful thinking, although Electroneum’s KYC/AML compliance is certainly a factor to take into account. Additionally, they are making waves in the mobile industry, which seems to improve its overall market appeal on a growing scale. Even so, there are still a lot of unknown factors regarding Bakkt.
@Bakkt what are your thoughts on adding #ETN #Electroneum the first KYC/AML coin it there with almost 3m users!
They are #Gsma #MWC member and an advisor.
-instant payment (patent pending
-Gig economy site
-Deals with Huge Mobile operators
-2 secret projects (mwc)
— CryptoLady (@CryptoLadi) January 15, 2019
When it comes to price speculation, Electroneum members are never shy to put some bold predictions forward in this regard. Next to Moon remains confident ETN will hit $6 at some point in the future, although that would require a 100,000% increase in value. Although that is not necessarily impossible, it would also put its market cap at $50bn, which would be rather spectacular to behold.
Based on the current Electroneum market circumstances, it would appear such a jump remains very unlikely. The first order of business remains finding some stability, after which traders and speculators can look toward the future. Until that happens, however, this status quo may very well remain in place for quite some time to come. It also shows how reliant Electroneum is on Bitcoin’s momentum prior to noting any gains of its own.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.