Electroneum analysis and price prediction for February 2018
Official website: electroneum.com
Today we’re going to talk about Electroneum cryptocurrency, which is currently ranking at the 52nd spot at the cryptocurrency charts on coinmarketcap.com with the altcoin market cap of $590M. We will make the fundamental analysis of this altcoin and make some predictions of its price for 2018.
Electroneum fundamental analysis
Electroneum has about 15,000 subscribers on its subreddit and it’s quite active, there are many people online at any time of the day.
It’s trying to be the mobile cryptocurrency, that’s what they claim to be in the headline of their website. Its team is focusing on the mobile wallet and mobile mining. Also, their primary goal is security, which didn’t work too well in the beginning.
They had a very successful ICO, but right before the launch they also experienced a huge security breach. Many Electroneum accounts were hacked which significantly dropped its price. As you can see on the graph, it went from $0.23 to $0.06 in less than a day.
However, recently things started getting back to normal. There was a huge spike in the beginning of January, like with all other altcoins, which was followed by a healthy correction. Now it’s being traded at around $0.1 per ETN and it still has a very big room to grow in the cryptocoin market.
Currently, Electroneum is only listed on Cryptopia for trading, which is a problem. They plan to list their coin on many more exchanges, and it would be great if they manage to list it on some big exchanges like Binance or Bittrex.
Electroneum has a very huge pull of followers on Facebook. This means that every time they post ayn updates in their group, the price will significantly go up. This may be especially useful for short-term trading. If you monitor the news attentively, you can make good profits if you manage to buy some tokens right after the updates are released.
Electroneum price prediction for February 2018
Electroneum have partnered with FanFare by the end of January. FanFare is an awesome video sharing app where fans can connect with brands through fun videos, cool games and rewards. This project has been involved in 60 brands since August 2017 and they have quite broad audience, which gives Electroneum good opportunity to grow. This partnership can drive Electroneum price to the Moon.
Also, they plan to launch the mobile mining option. Currently it’s available only in beta. But when it will be released, it will be a huge step forward which will also increase the price.
All-in-all, the forecasts are good, and Electroneum is a very good coin to invest the next month for sure.
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