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Electroneum (ETN) Could See Rise In Price After Important Developments

Altcoins

Electroneum (ETN) Could See Rise In Price After Important Developments

Electroneum (ETN) popularly referred to as the mobile currency is one of the blockchain projects that aim to deliver decentralized payment platforms to millions of smartphone users. ETN has struggled of late with its value depreciating in the last 24 hours.

The digitoken value depreciated by 8.96% on Thursday with hodlers speculating that it could be a minor blip amid the wave of new developments. Electroneum has been active in the past month securing partnerships and releasing new innovations.

Electroneum (ETN) Scored Big With The Launch Of A Budget Mining Smartphone

It was announced at the end of February that the blockchain company was launching a budget smartphone which would run on Android OS. The smartphone named M1 is expected to incorporate the mobile mining functionality which is a key feature of the blockchain technology.

It is understood that Electroneum made the phone budget friendly at around $80 as it looks to tap into emerging markets in Africa, South America and Asia. Users of the device would also be able to up to $3 monthly which is an incentive being promoted by Electroneim.

Electroneum (ETN) Was Recently Listed On Huobi

Electroneum also made a huge step towards gaining a new wave of user base as it has agreed on a partnership to be listed on Singapore based crypto exchange Huobi. Huobi is among the top ten biggest crypto exchange in the World.

The exchange is one of the major players in the Asian market and this is one of the biggest milestones for the coin in 2019. Hodlers of the coin can now open an account with Huobi and trade for other cryptos on the platform.

More Listings Expected As ETN Looking To Embark On A Bullish Run

Huobi is the biggest platform that currently lists the mobile currency and there are plans by the British based blockchain company to be listed on other top exchanges before the end of the second quarter of the year.

Electroneum is one project which we believe can surpass expectations in 2019 with its continued wave of partnerships. It is anticipated that despite its current market price of $0.006 the coin could embark on a bullish run in the next few weeks.

Disclaimer: Articles on this platform are for informational purposes ONLY, please don’t construe any information or materials on this website as investment, financial, or any form of advice.

Writer, editor and digital space observer with 5 years experience in the blockchain industry.

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