Electroneum was one of the most popular coins during its ICO which was in 2017. A lot of people has invested in it to get gains. They were lured by the movement of Bitcoin.
It was offered at 0.01$ in the ICO. After getting listed, it made an all-time high of $ 0.1836 on 1 July 2018. After that, it was trading in between 0.004 to 0.01$ for a couple of years.
Recently Bitcoin has crossed 50k $ for the first time. A lot of entrepreneurs like Elon Musk has already invested in the cryptocurrency. He has already propelled the Dogecoin which is a meme coin to new heights.
Electroneum, on the other hand, has risen to 0.015$ from 0.005$ in recent days with a huge hike in trading volume.
Currently, it is trading at 0.012$.
Electroneum is backed by Richard Ells who is the founder and CEO of this coin.
He is constantly making several steps to reach the wider non-banked audience.
His Anytask, a freelancing platform has already 500000 users.
It has reached to 140 countries with it’s a mobile top-up feature with the Electroneum.
I believe it is one of the coins which has a team working hard for it to make it accessible to other people.
Let’s see how it performs in the future.
Bitcoin is clearly taken as a king of the cryptocurrency. Top entrepreneurs like Twitter’s CEO Dorsey and Jay-Z starting Bitcoin trust in order to promote it in India and Africa.
according to sources, the Indian government is planning to ban cryptocurrency in the near term. Whereas entrepreneurs of countries like the USA is promoting the cryptocurrency heavily. Let’s see what happens in the future.
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Read: Technical Analysis guide