The 2018 crypto bear seems to be taking a rest, after being on the prowl for the better of the year. In the past 48-hours, most cryptocurrencies are up by over 10%, with some pumping by over 40%. If this upside momentum sustains for the next few weeks, it could be an indicator that bulls are slowly returning to the market. In such a scenario, one of the cryptos to keep an eye on is Electroneum. Electroneum (ETN) is one crypto whose fundamentals place it in a good position to shoot up in value if bulls take over the market.
One thing that gives Electroneum the momentum it needs to gain in value is its low regulatory risks. The biggest risk that most cryptos face is being cracked upon by regulators. That’s because, as cryptos become more commonly used as a form of currency, governments may not be comfortable with the idea of people sending money anonymously.
That’s because it could create loopholes for crimes such as terrorism financing, among other crimes. That’s why cryptos that have some way to identify the people sending and receiving money using digital currencies could be do well in the long-run. Electroneum is well set on this front. It has already implemented full KYC, which means that depending on the amount of money being sent, there is a way for Electroneum users to be identified.
While this may not be attractive for people seeking anonymity, it is the best deal for Electroneum in the grand scheme of things. That’s because it opens its doors for adoption by mobile service companies all across the world, without any resistance from governments. Given that mobile service companies have millions of clients using their services, it then follows that with its regulatory compliance, Electroneum (ETN) could gain usage by millions of people across the world in a very short time. This could see its value rise significantly in the long-run.
Another factor that gives Electroneum good chances of exponential growth, now that the bulls are back is it’s easy to integrate API. Electroneum is designed in such a way that, businesses can integrate it into their systems without much technicalities. Considering that it has a patent for instant crypto payments, the number of institutions integrating Electroneum into their systems could rise significantly in the future, as digital payments become a reality all over the world.
The reality of digital payments is so profound that even the IMF head, recently acknowledged it in a recent Fintech event in Singapore. With such huge prospects for the adoption of digital currencies as payments, those that are easy to integrate into merchant systems such as Electroneum (ETN) will grow at a faster rate than the rest.
A combination of the above factors place Electroneum (ETN) in a good position for growth, in a bull market. It would not be surprising if Electroneum (ETN) tests highs of a dollar or more in the next Bull Run. ETN is definitely worth keeping an eye on, for all classes of investors.