Bitcoin is still the biggest cryptocurrency, but it is definitely not the only one. After the initial success of Bitcoin, over 1500 cryptocurrencies have been launched into the market.
If Electroneum is one such cryptocurrency that has caught your attention, then you have come to the right place. Electroneum, which was launched in September 2017, is currently one of the top 100 cryptocurrencies.
This guide will answer questions like:
Is Electroneum a good investment?
What is the Electroneum price prediction?
How has Electroneum performed in the past?
So, by the end of this guide, you will have a good idea about what Electroneum coin is and how it is different from other coins. You will also have learned about various top Electroneum price predictions, including popular 2018 and 2020 forecasts.
While cryptocurrency is an extremely unpredictable market, the aim of this guide is to provide as much information as possible. It is always recommended to consult a financial expert before making an investment in cryptocurrencies.
Understanding the basics of any cryptocurrency is very important if you are planning to invest in it. So, let’s first learn a little bit about Electroneum (ETN) itself before getting into ETN price predictions.
What is Electroneum (ETN)?
Electroneum, like other cryptocurrencies, is a digital currency built using the blockchain technology. So, what is so special about it? What makes it different?
On its website, it says that it is “The Mobile Cryptocurrency”, which has been designed for mass adoption. It aims to make it happen by making it extremely simple for smartphone users (of which there are 2.2 billion) acquire Electroneum.
Today, transacting in cryptocurrencies is a complex process which makes it difficult for non-experts to join the cryptocurrency market. Electroneum is trying to change that by making it as easy as downloading an app.
Once you download the Electroneum app, you are all set to acquire Electroneum. While most of the coins require specialized powerful equipment to mine them, Electroneum can simply be mined using the app.
The Electroneum app also has a built-in wallet to store the Electroneum coins that are mined from the user’s phone. So, Electroneum can not only be managed but also mined from a mobile app.
Apart from being very user-friendly and easy to mine, there are few other significant differences between Electroneum and Bitcoin. Let’s have a quick look at them.
The maximum number of Bitcoins that can exist is 21 million, whereas the maximum number of Electroneum coins can be 21 billion.
Following the footsteps of Monero coin, Electroneum also provides privacy features.
In case of Bitcoin transactions, everyone can see who the sender and the receiver are. Also, the transactions can be traced back to origin. But, all the transactions are completely private and untraceable in the case of Electroneum.
Electroneum focuses more on speeding up the micro transactions, like purchasing mobile games, making payments for apps, and sending money to friends.
As mentioned earlier, Electroneum has its own app, wallet and mobile miner. All of which Bitcoin lacks.
Now that you have a clear understanding of what Electroneum is all about, let’s get to its past performance. Knowledge of historical price trends will be helpful in making an Electroneum price prediction.
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Satnam singh
