The Unstoppable Electroneum

in electroneum •  7 months ago

Electroneum (ETN, traded on cryptopia) seems to be unstoppable as the most profitable coin to mine.

Just look at this Whattomine profitability profile. Electroneum is already weighed with some discount and it still is the most profitable.

That one is for 6 RX 480. What about for GTX 1060?

it's still the most profitable coin to mine.

The advantage ETN has over its next competitor often so vast, ETN vs BTG is more than 3:1, and over VTC is almost 2:1.

On December 7, 2017, It suffers from value crash compared to BTC, but dollar value is still up, and it's the most profitable.

Electroneum is unstoppable. People are going to mine this coin, and people are going to invest in it next year.

The consensus of price estimate gauging it at > US$ 35 per coin, which seems high. But compare it to Monero (XMR) and you will realize that its current price is way below its real value.

Go mine and invest in Electroneum, you will have the hottest coin in 2018!

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Dude there is no way this is reaching 35 dollars, and is far from the consensus in the community. Most believe within 1-2 years it will hit 1-2 USD, which is still huge. But 35 dollars is just unnatainable.

Wait for the wallet dump and then hit that shit hard. It will go up, but people need to quit with these unrealistic expectations.

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Nice to see a fellow voice of reason. So many newbies in ETN who don't seem to understand the relationship between supply and a coins value. Give me strength lol

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Oh hey danile666 :)
Go to youtube. See IOTA. You'll understand why I say consensus is ~ US$ 35

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Never mind youtube , you need to learn how to use a calculator. Consensus is NOT $35 stop spreading ridiculous notions because you believe any youtube video and yet can't do basic math.

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Also consensus means the majority of people, not one random YouTube video.

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Consensus can also means the agreement among analysts.
Some future tradings rely on consensus among analysts prior to a big statistic announcements.

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Show me where an agreement of qualified analysts say this...

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show me qualified analyst of any cryptos :P

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You are the one making a baseless claim of consensus. Proof is on you fam.

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I did not say qualified analyst. I only said analysts.

Realy sir?

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Let's hope so

I like ETN as a project but if your suggesting $35 a coin that would require a market cap of over $700 billion dollars, almost 3x the market cap Bitcoin has taken 9 years to accumulate. Lets be realistic here, the ICO sold at 1 cent per coin so 20 cents to 30 cents is realistic and a fantastic return on investment.

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It is a fantastic return on investment. But the true value of ETN is in the developer's efforts on marketing and its potent weapon to penetrate the mindshare of public: the ETN "simulated mining" app. It will goes viral next year. Bitcoin is already going viral as store of wealth, Monero is penetrating the music industry more than musicoin, and ETN is poised to carry the crypto-frenzy further by penetrating psyche of the everyday smartphone users.
More users, more miners, more strength, more value. Investors will think, and they will invest into ETN.

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Again i agree and have supported the project from day 1. Alot of ETN holders are new to crypto though so it's not sensible to throw impossible predictions around. A 100x rate of return is a fantastic investment, lets keep our expectations in the real world.

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I would say it's not an impossible prediction. Look at XMR, KRB, SUMO. Who knew they will reach this high back then?
Let impossible predictions be alive. Shed your investments for if you need it for live, and let everything else grow for your retirement :)

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Sorry to keep disagreeing as we both support ETN but you have a huge misunderstanding of how economics and cryptocurrencies work. This isn't fair on newbies who invest in ETN to throw figures around like $35. XMR has a supply of 15 million, SUMO a supply 11 million, this low supply means the price of a coin becomes very valuable as market cap increases. ETN has a supply of 21 billion therefore if it reaches $1 in value per coin its market cap will be $21 billion thats 5x Monero and 21,000 x SUMOs gains. Your comparisons make absolutely no sense and show a real misunderstanding.

For ETN to reach $35 its market cap would be $1.6 trillion making it by far the biggest company the world has ever seen worth more than Apple and Microsoft combined. As you couldn't use ETN without the technology of computers or mobile phones its utterly ludicrous to ever believe it can be worth more than companies which make these devices.

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XMR has unlimited supply due to tail end emission after 2020(?) and all are open to public.
A portion of ETN's supply is locked by the developer to be given to the mobile phone app's users and will be trickled down to users in slow steps.
Was it ludicrous to ever believe that Microsoft can be worth more than the companies which make the personal computer parts?

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Thats like saying a car shouldn't be worth more than the wheels 🤣 . Your clearly talking about subjects you know very little about and its embarrassing to be honest, XMR circulating supply is the major factor in its value. If you don't understand the basic rule of supply and demand then theres very little point in talking to you. I'm not the only person on here who has tried to tell you $35 is impossible and yet you continue to argue and not to actually understand the very basic mathematics involved. You do yourself very little credit sir.

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Ah ah ah, Impossible is such a taboo word in cryptocurrency.