There's a misconception that there's 21 billion ETN available right now. People who are spreading FUD (fear, uncertainty, doubt) will give you some math like 21 billion x $1 would be $21 billion and that's near 10% of the entire cryptocurrency market cap as of now. They say this will never hit $5... $10... etc.
In 2018, crypto market cap as a whole would most likely surpass $1 trillion. In this year, it grew around $180 billion. More people are aware of cryptocurrency. More people are buying into cryptocurrency from everywhere in the world
There's only a little over 4 billion ETN in circulation right now. 4 billion was sold during ICO, and some started mining. It will take a very long time to reach 21 billion total ETN coins
When market cap is at $1 trillion, lets say there's 6 billion ETN in circulation... if ETN is at $2 a coin, that's $12 billion... 12 billion out of $1 trillion is still only 1.2% of the market cap
Price of the coin has nothing to do with the 21 billion coin cap. It has everything to do with more wanting to buy vs sell, and vice versa. Believe in the vision of the developers and just hold it
My prediction is over $1 per Electroneum by summer 2018
Mining Electroneum became very hard after the first day, so only way to keep the network running is shutting down pools that can't find any blocks. The developers need to correct the network difficulty or eventually the coin will flop because transactions become almost impossible to be confirmed. Some people predict the coin will be worth $480 in few years. The problem with the current network is that every few blocks it creates alternative branches and whole network needs to resynchronize. Nobody can mine during the resynchronization as all found blocks are discarded when mining on alternative branches.
@mtl1979 thanks for commenting! Wow $480 I can see that happening. The cryptocurrency market cap will only grow exponentially!
US$480 is pretty close to where it started on Cryptopia before the big dumping. In BTC it would be around 0.065-0.07 BTC depending on BTC-USD exchange ratio.
very nice info thanks for sharing electroneum price prediction