Just 3 days after its far from flawless but successful relaunch on Wednesday - December 13, 2017, Electroneum (ETN) is currently sitting at #43 on CoinMarketCap with $354M market capitalization.
coinmarketcap.com
Even after the huge dumps from ICO whales, the coin has retained its price at $0.05 - $0.07 range. That is 5-7 times the ICO price!!!
Cryptopia, a puny exchange where ETN is currently listed on, has a staggering 912.56 BTC volume and has the highest volume on the exchange superseding LiteCoin and Ethereum by a mile. For a crappy and crude exchange as Cryptopia to have that much volume speaks volumes to this coin's worth. If that does not say anything to the more notable exchanges, then nothing will.
cryptopia.co.nz
Do take note that there are still major issues underlying the ICO account holders not being able to log into their accounts and we might still see price go down as the issues are sorted out. But as we've already seen, there are a lot of buying power ready to take that away from weak hands.
Electroneum is one of the truly private coins out there being a Monero fork. And as more and more regulations and government interventions sets in, the evident value of these privacy coins will come to light.
As what John McAfee, creator of McAfee anti-virus and a huge cryptocurrency advocate, tweeted regarding privacy coins:
Electroneum is yet to launch its mobile miner which will attract viral growth having a referral program to go with it. This could potentially render Electroneum to shoot up to the top 20 coins of 2018.
Apart from that, there are a number of contracts cooking and deals made by this marketing-centric company. Their goals are getting Electroneum out there and take mass adoption and mobile presence. Goals that are being paired with action. Exciting times for us, Electroneum HODLers!
#43 and we are just starting! Electroneum to the moon!!!
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Legal Disclaimer: Everything in this post is of my personal bias. Make of it what you wish. It is not an advice nor recommendation to buy or sell anything. It is meant for informative and entertainment purposes only.
Excellent post looking forward to 2018 and the possible growth.
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Thank you! For me, ETN is highly undervalued. Companies have different goals in mind. Sure, companies that focus primarily on the technical side will achieve great products that speaks for itself. Cardano is a great example. But companies with more than okay products but focus on getting mass adoption achieve their goals too. It's all in the matter of execution and action which the Electroneum team has been very consistent on.
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