This is the reason why the value of Electroneum fell down recently

in electroneum •  7 years ago  (edited)

While looking at my crypto portfolio yesterday, I noticed that the value of Electroneum was dropping quite fast. So, I immediately went to the coinmarketcap website and checked the Social section for Electroneum. And there I saw a reddit post, which was talking about Monero block 202162 fix which was left in the Electroneum code when it forked from the Monero code.


image source

According to the guy who mentioned this (I can't find that reddit post now, so I think it was deleted), after 40 days, the Electroneum network would break down, if that part of the code was not modified. All of this created panic and FUD among Electroneum hodlers and some selling ensued, as expected.

However, the Electroneum team were quick to respond to that FUD, with the following reply. According to them, the fix is very simple.


image source

As an Electroneum hodler myself, I hope this FUD to be over soon, and for the price of Electroneum to rebound.

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I have also invested in Electronium but news are not coming good for holding this Crypto. Still I hope for come back. Is it Still Possible?

The big news are comming. Just wait for it to hit major exchanges and some partnerships + the app going finished.
If this happens, price will implode and you won´t be angry cuz of hodling it!

We can't be sure. Lets hope everything goes well.

Many people think they should sell when the price drops. But my advice is to hold the electroneum if you have and to buy as much as you can! I am also holding electroneums. The market is holding a sale, so why not grab as much as you can! In my point of view, price of Electroneum will definitely rebound back after the first couple of whales made their dumps because this coin has all the ingredients to go viral and reach mass adoption.@hmushtaq

I hope you are right :)

Thanks for sharing such informative post.

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