Electroneum is known as the "mobile crypto-currency", but what does that mean exactly? All crypto-currencies are mobile right? Well yes, but not all of them are aiming for mass-scale adoption like electroneum is. Think of electroneum as the Steve Jobs of the crypto-currency revolution and Bitcoin as Steve Wozniak. Steve Jobs was the entrepreneurial, big-thinking visionary who brought computers to the mainstream. Steve Wozniak was simply responsible for the creation of the hardware, such as computers in the early stages of Apple. Now bitcoin is the base technology (the Wozniak) that almost every other crypto-currency is built off of, while Electroneum (the Jobs) is aiming to bring crypto to the masses.
If electroneum is successful in their mission, then many more people will use crypto-currency; not only as a means of speculation but as a means of transacting. During it's ICO (Initial Coin-Offering) electroneum sold all $40 million worth of it's tokens, which made it one of the most successful ICO's in the history of crypto-currency. During it's ICO, electroneum sold for about one cent per coin and maintained that price for a couple of months until the successful launch in Decemeber of 2017. Right out of the gate, investors in the ICO saw anywhere from 8-10x returns on their investments, turning each dollar invested into as much as ten dollars. After many of the investors dumped their coins, the price of electroneum dipped slightly and then consolidated around seven cents for a couple of weeks.
Now even in the first week of January, the price of electroneum has more than tripled, hitting highs today of 22 cents. This new high has come in the realization that electroneum has just signed a major deal with "telecommunications giant" XIUS; a mobile payments platform that services more than 65 million subscribers each month. In the highly volatile crypto-currency market anything can cause a price fluctuation, especially something big like this.
http://electroneum.com/2018/01/05/electroneum-signs-agreement-with-telecommunications-payments-giant-xius/
Many people have speculated that the price of electroneum could hit as high as one dollar by March of 2018. I have been following the crypto-currency market very closely in the past few months, and can say with a degree of certainty that it could easily hit that price target. The market is so bullish (upward trending), that I have personally seen 100-10000%+ gains on many lackluster crypto-currencies. This means that even coins that should have no value have gone to the moon. Paccoin is a perfect example of a crypto-currency that has absolutely no intrinsic value that has shot up an astonishing 20,000% or more in the last week! If trash coins like Paccoin can give investors 200x returns in the matter of days then you should be very excited about the future of good cryptos like electroneum.
Electroneum is a good crypto-currency because it actually has a value proposition in the fact that it is a secure privacy coin that will be marketed to the masses. John McAfee has tweeted many times about the long-term value of privacy coins and has even mentioned electroneum by name. Aside from the security of the coin, another one of greatest apsects of electroneum is the team behind it. The CEO, Richard Ells, has been involved in many successful internet startups in the past few years and has an amazing track record of creating long-lasting companies. Electroneum seems to be another testament to Richard Ells' startup prowess, as it is already signing major multi-million dollar deals and promoting crypto-currency like no other altcoin has done before. The fact that electroneum has such a great team and a great project backed by over $100 million dollars of startup money, makes it a no brainer to invest in. If you want a great altcoin to HODL for 5-10x gains in the near future consider adding electroneum to your portfolio.
Disclaimer:
I am not a professional financial adviser and cannot legally give investment advice. The purpose of this article is not to get people to invest but simply to share my opinion. The crypto-currency market is highly volatile and can cause investors to lose money. Do not invest anything in the market that you cannot afford to lose and please do your own research before investing into anything.