In the recent past, Electroneum (ETN) has been working on its global visibility status, reaching out to different corners of the world. From Thailand to Uganda, the bits and pieces of Electroneum
ETN can be seen everywhere. However, despite the positive efforts of the management to make the crypto asset more visible around the world, the crypto-coin is fetching unfavorable prices. Electroneum’s current market prices are scaring investors from diving in the pool, but if the management continues with their great marketing strategies, ETN’s fortunes might change soon.
ETN Price Analysis for 10th July 2019
At the time of writing, ETN is trading at $0.005909 on crypto exchange platforms that include Cryptohub, Liquid, Kucoin, and Bitbns. Electroneum is trading 4.6% lower against the USD during the 24 hours.
Following last week’s price movements, Electroneum managed to trade 39 percent higher against the USD. Today’s price movement marks a 40+ percent decline for the number 110 ranked cryptocurrency in the market. At the time of writing, Electroneum has a total market cap of about 57 million USD.
Electroneum’s Brief Profile
Launched on 3rd November 2017, ETN is a proof-of-work digital asset that uses Cryptonight hashing algorithm. The number 110 ranked cryptocurrency has a total supply of over 9 billion coins and is showing signs of going mainstream following its aggressive global marketing strategies.
People can follow Electroneum’s Reddit community at /r/Electroneum, and the virtual currency’s official Twitter handle that is @electroneum. ETN’s official message board and website are electroneum.com/blog and electroneum.com, respectively.
For crypto enthusiasts who wish to trade Electroneum, they can buy and sell the cryptocurrency in the following exchange platforms: TradeOgre, Cryptomate, Liquid, Cryptopia, Bitbns, Kucoin, Cryptohub, and CoinBene.
At the moment, it is not possible to buy alternative virtual currencies such as ETN directly using the USD. Traders intending to exchange ETN should first buy Ethereum or Bitcoin using a crypto exchange that accepts the USD such as GDAX, Changelly, and Gemini. After the purchase, traders can use their newly -purchased ETH or BTC coins to buy Electroneum ETN using one of the crypto exchanges mentioned above.
Electroneum’s Major Upgrade to Make ETN Stand Out in the World
In the crypto world, any change introduced to the market is usually scrutinized, looked over, debated. In the case of ETN, some noticeable changes that will leave the crypto community somewhat divided are expected to be introduced.
Going by the unwritten law of cryptocurrency and blockchain technology of being open sourced and decentralized, Electroneum is working on an update that is going to get people talking. After the update, Electroneum’s new Moderated Blockchain will be at par with Facebook’s Libra platform and IBM’s Hyperledger. This will make the crypto asset become one of the most secure and eco-friendly virtual assets in the world.
What the new Electroneum Moderate Blockchain will do for the digital asset is to increase its scalability and enhance its corporate partnership status while making the network immune to over 50 percent attacks.
This is especially important considering Electroneum and cryptocurrency as a whole is increasingly becoming a mode of transaction for individuals, businesses as well as governments. By complying to AML and KYC standards, ETN opens the doors for corporate partnerships that will see the digital asset spur mass adoption, helping improve the lives of many around the world.
Also, through the upgrade, Electroneum will manage to reduce its carbon footprint significantly by reducing its hash rate a million times from previous hashes to under a kilo hash. By doing this, ETN will become one of the eco-friendliest cryptocurrency in the world.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.