Electroneum isn't just another crypto coin!
Etn is a cryptocurrency that is based in UK and has started with aprox. 40 Million ICO-s. Their platform intends to be the first mobile payments to people who do not have bank accounts. In theory this seems pretty nice if you ask me! But practically if you think a little bit more about it...if those people don't have bank accounts which the number is 1 billion as ETN team says, it's very possible that they don't have enough money to buy a phone either! Right?
ETN application (for ios and android) allows people to hold and also transfer ETN with low transfer fees. At first you could also mine ETN via your phone (I already took advantage of this feature) later on they deactivated this feature! Now what you can do with their app is; Transfer ETN to other wallets, Top Up your mobile phone and they have a new feature called AnyTask! AnyTask practically works like those freelance websites where you make a profile, tell what you can do and people come up to you willing to pay you for certain tasks with ETN. Pretty nice if you ask me, but nothing new!
The newest feature of ETN is ETNDONATE, launched in 2020 and aiming to make donation for charities a little bit easier! Their intentions are to make international donations in ETN without any fees and move those amounts anywhere quickly and safer!
In my opinion this would be very nice for ETN!
As per security and privacy they say that they are one of the bests! They used KYC and AML since 2018.
Anyhow, I do own a sum of ETN it's price went as high as 0.01 cent this year! All time high was 0.24 cents. Since that it's price was between 0.006 and 0.003.
My technical analysis!
We have a bullish triangle formed! Price was ranging for quite a bit now!
Today's bullish move of BTC affected ETN as well. What I expect is a bullish move and a breakout of the resistance area 0.59 a retest and a touch of the 0.01 zone!
Let me know what you think about ETN, have you ever heard or do you own any coin of it!
Which pair should I analyze next?
theatdhe!
