On November 2nd, Electroneum completed one year in the crypto market, while it has a slew of achievements already under its belt, the still young cryptocurrency has a future which could set it up for being one of the biggest digital assets in times to come.
Electroneum has certainly made a name for itself in the last one year, launching its mobile mining app, recording remarkable advancements in the mobile gaming industry, and moving up the ranks in the crypto market, but it could achieve so much more in the coming months.
Electroneum (ETN) Prepares to Penetrate New Markets
Breaking into new markets usually takes a lot to achieve, yielding huge returns in most successful cases. Electroneum is preparing to plunge into the Asian markets which played a significant role in the rise of cryptocurrencies and later in the huge selloff.
Amidst its one-year celebration, Electroneum announced to its community that its first partnership with an MVNO (Mobile Virtual Network Operator) is about to pave the way for the promising cryptocurrency into the South Korean and Hong Kong markets.
Joytel, which Electroneum describes as one of the most innovative MVNOs in Asia is preparing the way for payments to be made with the ETN tokens, and its acceptance too in South Korea and Hong Kong. No dates accompanied the announcement, however, Electroneum stated that the live trial stage of the Joytel ETN is currently being processed.
This creates a better platform for Electroneum to outshine most other cryptocurrencies. A similar software, the ETNCommerce software has caused mixed reactions, with many suggesting that Electroneum has the ability to replace many traditional payment systems.
The ETNCommerce is already compatible with PayPal, Skrill, AmazonPay, Sofort amongst others, and with the Joytel ETN, Electroneum will be venturing into new markets further increasing the proposition of the cryptocurrency for the future.
Electroneum (ETN) Prepares to Get its First Fiat Trading Pair
Quoine, one of the biggest cryptocurrency exchanges in the world offering trading, exchange, and other financial services with fiat and cryptocurrencies is preparing to list Electroneum on its platform. Quoine will be granting Electroneum its first Euro fiat trading pair.
Electroneum is expected to go live on Quoine on 05 November, after this, users of the Quoine platform will be able to covert Electroneum tokens into Euros and vice versa. The announcement was made just a day after SistemKoin listed Electroneum, granting it trading pairs with the USD, Lire, and Bitcoin.
Electroneum (ETN) in the Market
Although the stakes are getting higher, the market still remains bearish on Electroneum. In a market split almost equally, ETN falls into the section of the market recording loses. Electroneum is currently trading at a deficit of 2.1% against the USD.
As at the time of this writing, Electroneum (ENT) is currently exchanging hands at $0.0186. Electroneum is currently the 52nd most valuable cryptocurrency with a market capitalization of $153.8 million.