You are viewing a single comment's thread from:

RE: Electroneum Price Prediction

in #cryptocurrency7 years ago

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.

Sort:  

@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.