Another phantom altcoin that belongs in the trash, or something new among cryptocurrencies worth paying attention to
The basic idea that the mobile-accessible gamer audience and the Electroneum (ETN), the CryptoNight algorithm using relatively new cryptocurrency. Why do I call it new? The new British or let's call it English cryptocurrencyInitial Coin Offering) launched on its world-conquering journey.
From this point, the beginning of the first token purchases can be dated, where a fairly significant amount of "money" or more correctly Bitcoin (BTC) and Ethereum (ETH) digital money flowed in as follows:
- Number of registered users who could access the first tokens:
- 424.629
- Amount spent on purchasing tokens Ethereum (ETH) quantity:
- 42.058,31 (ETH)
- Which, calculated at the current exchange rate (2018.01.29), is approximately +- 50,825,000 USD, which in Hungarian Forints is roughly +- 12,706,250,000 Ft, that is nearly 13 billion Forints.
- Amount spent on purchasing tokens Bitcoin (BTC) quantity:
- 4.872.16 (BTC)
- Which, calculated at the current exchange rate (2018.01.29), is approximately +- 56,116,000 USD, which in Hungarian Forints is roughly +- 14,029,000,000 Ft, that is more than 14 billion Forints.
Shortly after the ICO, the site was hit by a hacker attack, so to the investors' greatest shock, they noticed that they could neither access the site nor their accounts. This can be extremely unpleasant at the moment when you realize that your invested money has just disappeared.
Meanwhile, things got sorted out and the Electroneum website became accessible again, accounts could be used once more, and following the attack, Electroneum http://electroneum.com launched a new and more secure website.
728×90 or responsive
Currently, among the trading options on Electroneum's main page, there is one reliable option at Cryptopia https://www.cryptopia.co.nz where you can both buy and sell the new currency, however, the existence of the following list also gives reason for optimism regarding integration with larger and more complex exchanges:
- Liqui – https://liqui.io
- HitBTC – https://hitbtc.com
- Binance – https://www.binance.com
- Poloniex – https://poloniex.com
- Bittrex – https://bittrex.com
- Evercoin – https://evercoin.com
- Bitfinex – https://www.bitfinex.com
- Livecoin – https://www.livecoin.net
- Exmo – https://exmo.com
These are serious names and brands where, if Electroneum gets listed, this new British cryptocurrency will truly gain momentum. In the meantime, it's not worth sitting idle and waiting, thinking that once it's clearly visible that Electroneum's price is trending upward, then you'll jump into trading or mining.
Data source: CryptoCompare: https://www.cryptocompare.com/coins/etn/overview/BTC
According to the chart above, Electroneum hasn't really found its footing yet, but right now there's an opportunity to acquire a few, a couple hundred, or perhaps a few thousand Electroneum (ETN) coins. However, it will definitely be worth watching what impact Brexit will have on it.
It wouldn't make sense to dive deeper and get into more detailed analysis at this point. It's definitely worth a try, considering that the British press is also starting to pick up on Electroneum, which is certainly encouraging.
We will continue our analysis of Electroneum, with imagined scenarios and numerous DIY guides as well.
[box type=”warning”] Warning!!! The information published on this site does not constitute investment advice, therefore neither the author of the article nor the contributors of the site can accept any responsibility for any potential losses. The author is trying to share their own experiences and information with the reader. Due to the unregulated nature of digital currencies, i.e. cryptocurrencies, there may be intentional abuses by issuers that are currently difficult to foresee. This must be taken into account by anyone who decides to make any kind of investment, whether it is purchasing a few virtual coins, or spending energy on mining, hardware costs, etc. Please make sure to weigh your options and make independent decisions. Only invest money whose absence would not cause any problems for you or your family![/box]