Short-Term and Long-Term Electroneum Price Predictions

In this article, we'll elaborate on Electroneum (ETN) and its price forecasts. We'll cover the basics of this crypto and share major ETN price predictions for 2022-2025 and 2030. 

About Electroneum (ETN)

Electroneum is the first British-based cryptocurrency with its own blockchain. Its ICO (Initial Coin Offering) dates back to fall 2017, when it attracted about $40 million. By the way, ETN ICO is considered to be unbeaten given the number of participants to date. The campaign was very successful at that time, and, pretty soon, the crypto entered all the major cryptocurrency exchanges.

The coin was created by Richard Ellis, who believed in blockchain success back in 2015 when Bitcoin was about $500. At the time, he was investing in GPU mining rigs. Later, he created his own cryptocurrency, ETN, that stands out from the crowd even based on today's standards.

The ultimate distinctive feature is that it can be mined even with a smartphone. That's what Ellis wanted: to provide the world with user-friendly crypto that is easy to manage. Electroneum can be mined, sent and stored via a regular app downloaded more than 2.7 million times so far.

This makes ETN ideal for microtransactions and daily shopping. It's a pocket-sized crypto bank that can be used globally, even in remote areas. At the same time, ETN investors have much more financial freedom since new coins can be mined with only a few clicks on a mobile device.

Another Electroneum feature is reliability. No cryptocurrency has established a partnership with mobile operators for reliability's sake before. Some attributes here enhanced anonymity. The transactions can't be traced.

What Factors Influence Electroneum Price?

Electroneum price predictions aren't based on mere allegations. There are numerous reasons taken into account before a forecast is made. Here are the most important factors that shape the value of cryptocurrency.

1. Demand

Demand is one of the most important factors that affect the Electroneum price. High demand at low supply indicates a high price, while low demand at high supply means low price. The value of the coin primarily depends on how many people want to buy it.

With cryptocurrencies, it's not only the number of interested investors that matters. The supply limit also does. It's the maximum scope of the crypto in circulation.  Currently, Electroneum reached only half of its maximum, with 17.91 trillion in circulation. The demand is likely to increase as soon as the supply approaches the limit.

2. Media

The power of the media is impossible to underestimate. After all, it directly affects investors' sentiments, and consequently, influences their investment behaviour. Sometimes, a successful commercial can result in a significant spike out of any Electroneum price predictions (we'll cover it a bit later).

For Electroneum, the media plays a major role. Why? Because it owns several crypto-related projects like the freelance marketplace AnyTask or the smartphone company M1, for example. The rising popularity of these projects can lead to an increase in the crypto's value.

3. External Forces

Electroneum is a rather independent coin: it boasts its own blockchain and develops many connected projects. All these affect the cryptocurrency's value. As such, its success or failure is partially driven by these solutions' prosperity and success.

However, these factors are hard to factor into Electroneum's price prediction because it faces threatening factors like unexpected collapses, a lack of proper security and maintenance, just to name a few. ETN, like any other coin, is affected by the macroeconomic situation, the general state of the crypto industry, rules and regulations and even Bitcoin.

How Did Electroneum Price Fluctuate in the Past?

Electroneum started pretty well. Its ICO was a landmark event that attracted a lot of attention. It didn't last long: the mobile-friendly cryptocurrency experienced a significant price drop soon after the launch.

In early November 2017, ETN's price decreased to $0.09, whereas before, it almost reached $0.18. The collapse happened literally in a few hours and then declined to $0.03 in the coming days.

The sudden fall has been attributed to a hacking attack. Several users' accounts were in danger. Yet, that wasn't the end for the crypto with a memorable start. About a month after, it was relaunched together with an enhanced security system. That was when Electroneum announced its partnership with mobile operators, a one-of-a-kind event in the industry.

This was probably among the top factors that facilitated ETN's resurrection. At the beginning of 2018, the price was restored at the same level as in November 2017. What's more, it even managed to exceed it and reached $0.19 on 7 January 2018. See the chart below.

Yet, the momentum was followed by another drop. Spikes became normal in Q1 2018. The maximum drop reached $0.04 at the beginning of February. After that, there was no hope for a possible return to the high. However, Electroneum isn't all to blame; 2018 wasn't a particularly successful year for many cryptocurrencies.

Ellis didn't lose hope. He did his best to expand the ETN community that exceeded 2 million crypto users within one year and introduced a lot of new features. A cryptocurrency-based subscription billing patent was filed in 2018. The patent application also included instant payments. 

Although such proactive measures might have contributed to a positive ETN price prediction, this was hardly the case since the value fell from $0.007 at the beginning of January 2019 to $0.003 as of the end of December 2019.

Has the Situation Changed, and Where Is ETN Now? 

Initially, 2020 seemed to be a rather devastating year: prices remained the same and even started to decrease gradually in February and March, hitting a low of $0.0017.

The credit hardly goes to the pandemic and world financial crises alone. The cryptocurrency had adopted a negative trend long before. One of the possible reasons is inconsistency in the user base; therefore, the prices drop. Other investors don't consider Electroneum to be a lucrative investment because not many people will shape decent demand. 

However, the situation changed within a couple of days in May. The price rose to $0.09 in May 2020 before falling to $0.06.

ETN admirers tried to boost the price again, but it kept fluctuating. During that time, Electroneum was expanding. With help from Cryptwerk, the cryptocurrency was introduced to online shops. Later, it was listed on India's fast-growing crypto exchange, CoinDCX, and then began working on further blockchain development.

Even joining Blockchain for Europe in late 2020 didn't result in a price surge. There was a price spike at the beginning of January 2021, when the value reached $0.008. This was probably driven by Electroneum's US AnyTask TV ad campaign. 

Electroneum's Performance in 2021

However, soon after, the fluctuations were back in motion. In January 2021, Electroneum's price was $0.005, and its market capitalisation saw a slight decrease to $58.1 million, according to CoinMarketCap. The best performance in 2021 was in late March, when ETN's value rose to over $0.038. Other notable spikes were in February ($0.014) and May ($0.023). 

In August, Richard Ellis, the CEO and founder of the ETN network, announced that his entire team was working on the blockchain fork's release.While the news has not had a significant impact on the price, it had a long-term effect. This may have contributed to the surge on 16 September ($0.0277) and 10 October ($0.0271).

Electroneum's Performance in 2021 So Far

ETN is still in a consistent downward spiral, dipping more than 12% in a month. As of 11 February 2022, the coin ranked #348 on CoinMarketCap at $0.007361, with a market cap of over $131 million.

Short-Term Electroneum (ETN) Price Prediction for 2022 

The future of Electroneum is uncertain. Many investors were sure that ETN would thrive as soon as it managed to evolve. John McAfee, who mentioned the coin on his Twitter page while he was still alive, appreciated the coin. Here are the main takeaways:

1. The coin boasts a strong community that advocates for this user-friendly, mobile-oriented cryptocurrency. Newcomers can always seek advice and receive it. 
2. The crypto has the potential to attract both technical and non-technical users. 
3. ETN was more popular than even Monero (which was one-of-a-kind at the time).
4. The crypto features privacy.

Based on these factors, McAfee concluded that $0.08 was a low price for the coin. He wasn't the only one who believed in it in 2018. Coinlinker, for example, projected that in 2022, the price would reach as high as $0.631.

However, at the moment, many people think differently. For example, Wallet Investor, a platform that performs technical analysis, is sure that the price will rise but to a smaller extent. According to the source, the value may move to $0.005, jumping between $0.000001 and $0.0255 over the course of the year.

As for the hopes that the coin will reach $1, platform analysts are sure nothing like this will happen within the coming year. However, not everyone is so adamant. According to captainaltcoin.com's forecast, ETN might experience an increase in its USD value because of the booming market. However, Bitcoin is likely to grab all attention, meaning the ETN/BTC ratio may reach all-time lows.

Holding Positions

According to TradingBeasts, the coin is likely to hold its positions approximately at the same level. ­Although there could be a slight decrease towards the end of the year, the situation is likely to remain stable for the year. The cryptocurrency will close 2022 at an average of $0.0102, with a minimum price of $0.0087 and a maximum price of $0.0128.

A Surging Trend

The booming crypto market and success of Richard Ellis' initiatives may result in a gradual increase in value. DigitalCoinPrice published an ETN future price prediction for 2022 that states that the coin will enter the second half of the year at $0.0106 and finish at $0.0098, which is a significant difference.You can see this in the table below:

Long-Term Electroneum Price Forecast (2023-2025)

Once again, the fate of the coin is highly unpredictable in the long term. On the one hand, it can follow a positive scenario and keep prospering if the freelance-based platform grows on the back of an increase in remote work. Add to that the booming crypto market, and some may think that Electroneum has a chance to thrive and enter the list of top cryptocurrencies after Bitcoin.

On the other hand, the fluctuations where sudden spikes spice up regular minor ups and downs are also possible. However, there's an opinion that these fluctuations may lead to a complete collapse in five years. Let's get a closer look at Electroneum price predictions for 2023-2025.

ETN in 2023

We'll start from the lowest forecast value for 2023. According to TradingBeasts, the average price in January 2023 will be around $0.0094, while in December 2023, it'll be close to $0.0111.

That said, DigitalCoinPrice published a more positive Electroneum price prediction, in which it calls for a significant increase compared to 2022 and minor fluctuations around $0.0115-$0.0119 throughout 2023.

ETN in 2024

Analysts forecast a similar picture for 2024. DigitalCoinPrice sees the coin moving up and down as months go on. The lowest point might be in April ($0.0108), and the highest point might be in December ($0.0169).

ETN in 2025

As for 2025, DigitalCoinPrice once again posted an Electroneum price prediction that features a continuation of the 2024 trend, with equally drastic ups and downs. Based on the historic data allocated by the platform, the coin may reach $0.0177, which is still an increase of over 144% compared to February 2022.

However, captainaltcoin.com believes that Electroneum won't exist anymore in 2025. It's explained that the coin has failed to gain popularity and isn't likely to change this anytime soon. 

What Does Electroneum Price Prediction Say About 2030? 

Although it's possible that Electroneum will completely disappear by 2030, the situation might be different. For example, CoinSwitch, a cryptocurrency exchange aggregator platform, believes that the price may reach an all-time maximum of $0.25.

The analyst motivates such an increase due to:

• ETN partnerships with exchange platforms and crypto wallets
• Technological upgrades
• Constant innovations

How to Carry Out Technical Analysis of Electroneum (ETN)

Since Electroneum hasn't managed to become popular yet, you may not find ready-made technical analysis on the web, at least not for free. That's why understanding the basics is vital if you're seriously considering trading this cryptocurrency.

To carry out technical analysis, find ETN's historical data and identify the following:

• Trend. Electroneum can be bullish or bearish and move horizontally or go according to a sideways trend.
• Resistance/Support. These two indicators are directly connected with the upward and downward trends. A level when an uptrend might pause or rebound implies resistance, while a level when a downtrend might pause implies support.

After this, choose an analytical tool that will help you read the results. The most popular among crypto investors are MACD, OHLC Charts and Bollinger Bands.

What Do Experts Say About Electroneum?

Expert opinions, as well as Electroneum price predictions, significantly differ since this cryptocurrency is highly volatile.

So, here's what experts think about it:

• Maria Minaricova, Blockchain for Europe's chair, admitted that Electroneum "has caught the attention of many crypto and blockchain experts around the world". She says that the organisation expects a lot from the coin since it's already a well-established entity. With this in mind, it's obvious that Blockchain for Europe believes in cryptocurrency's future prosperity.
• The author of captainaltcoin.com, Julian Joseph Lehmann, believes that ETN will disappear in 5-10 years. It'll become "a distant memory" for those who put their hopes and money into this crypto.

Electroneum: To Trade or To Invest?

Electroneum price predictions vary a lot. Some believe that it'll prosper and finally get closer or even exceed the milestone of $1. Others, on the contrary, highlight the highly-risky nature of ETN and predict the further decline or collapse of this cryptocurrency. 

On the one hand, it still makes sense to diversify your crypto portfolio with Electroneum (ETN). Long-term investment in any cryptocurrency can be potentially lucrative since the industry is currently on the rise. You can generally assume that most crypto assets will see a price increase as a chain reaction to the boom in the market.

On the other hand, heavy investments in digital assets like ETN imply a lot of risks, despite ETN future price predictions being favourable. There's always a possibility that exchanges will close traders' positions if prices decline sharply. That's why it's better to minimise the risks.

Another option is trading Electroneum using Contracts for Difference (CFDs). In a CFD, the buyer and seller agree to pay in cash the difference in prices as the value of the cryptocurrency changes rather than buying the underlying asset itself. You can practise trading CFDs risk-free by opening a Libertex demo account.

Investing in Electroneum is even more dangerous than trading it at the moment. Many analysts highlight the fact that crypto investors are avoiding this cryptocurrency due to low demand. That's why it's hardly the best asset to put money in, at least for now.