All About Electroneum (ETN) – The Cryptocurrency for Mobile Users

Have you heard of Electroneum (ETN)? This cryptocurrency is the 43rd most valuable coin on the market, globally. That may be why it’s not quite a household name yet – it is far below other hot altcoins when it comes to market cap rankings. The Electroneum coin has added more than 18% to its price today. Perhaps that’s because it just got announced that ETN will soon be added to HitBTC:

Exchanges are clearly eager to list this coin. So, what is this ETN currency all about? Why is it so special?

What is Electroneum (ETN)?

Now, this cryptocurrency may not have a sexy, futuristic concept to lean on like IOTA (MIOTA) does. It’s a tad bit more boring, but the technology behind it is useful and currently up-and-running.

The Electroneum coin is the official token of a mobile-based platform. It’s a smartphone application, essentially. If you trade cryptocurrencies, you probably already know how frustratingly disjointed all the different types of wallets there are. We have hardware wallets, desktop wallets, online wallets – and not all of them support multiple coins.

That’s where the Electroneum app comes into the picture. This platform aims to be a solution to all these problems:

The app allows for the holding and swapping of multiple crypto coins. It already supports a number of popular altcoins.

How has the Electroneum Coin been Performing?

Well, this coin only began trading at the very beginning of November. So, it’s pretty impressive that this currency has ridden the ranks all the way to number 43. And, at just $0.153 per ETN coin, this is a discount, sub-$1 currency that’s more accessible to regular, non-high-volume traders.

Over the past month, ETN has gained 57%. It’s trading at about 15 cents nowadays, but prior to December it was below 4 cents. The price increase in such a short time is pretty remarkable.

According to, the Electroneum coin has been delivering an average daily ROI of 2.34%. Its average monthly ROI has been just 7.24%. That’s a bit low for an altcoin on the top 50 highest value list.

So what do you think, does this coin have enough promising technology to carry its price any higher?

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Previous articleWhat is BARCOIN (BAR): The Cryptocurrency Lending Scheme
Next articleBancor (BNT): Why This Underdog Altcoin is a Solid Investment
Stephanie attended University of California Santa Barbara and graduated with a double-major in economics and communications. After working for an accounting firm as an analyst for two and a half years, she began freelancing – specializing in writing content for accounting blogs. After branching out into writing how-to guides and even whitepapers on personal finance and financial technology, Stephanie began writing on cryptocurrencies and blockchain technology. She has been personally buying crypto coins for almost two years, and has written blog content for the past year and a half.


Please enter your comment!
Please enter your name here