Electroneum (ETN) Price Analysis and Prediction 2019 – Still On The Road To All Time Low (June 5th Update)

Article structure notification: the article is divided in three sections. First section is focused on short-term, technical and speculative analysis of the project – this is regularly updated part of the article. Second section is focused on general market and sentiment analysis and third section is focused on the long-term, fundamental analysis and future prediction of the project – this is occasionally updated part of the article.

Total Market Cap Analysis

Let’s first look at what the overall market is doing. As you know, all coin prices are highly correlated with bitcoin’s price action and by extension with the whole market. Every time we see a surge or plunge of the total market cap, it spills over to the individual coins and their prices.

Market has lost almost $30 billion in three days dropped through a crucial Fib786 height at $241 billion after invalidating the uptrend line it formed and respected since end April. A drop to support at $219 billion is now likely.

This should be the rebound zone back up to test the $241 billion mark from the other side.

As mentioned above, the overall market movements influence individual coins and ETN is no exception.

Electroneum has managed to temporarily stop the slide into nihility and closed couple of green daily candles but then again slumped and started dipping down to 44 sats all time low. The thorny path back above the crucial resistance line at 85 sats looks like a pipedream right now.

With no fundamental driving forces in sight and decreasing speculative forces, it is hard to hold ETN and akin tokens. Couple of prolonged altcoin springs like the short-lived one couple of days ago, can alleviate the pain of holding heavy bags but a sustainable long-term future is still doubtful.

ETN will more likely be kept around this area and wait for general bull market to prowl its way among legit projects and rekindle the 2017 frenzy. If the alts season doesn’t come along soon, this might be it for Electroneum.

4H ETNBTC

You can see that ETN hovered around 55-60 sats for couple of days, from May 20-22. It then slumped down to the current channel between 45-52 sats. The 51 sats zone is proving to be a tough resistance for ETN and electroneum doesn’t seem to have enough power to penetrate it any time soon. Should that happen, however, a target would be 57 sats resistance height.

46 sats is a must hold level for ETN, otherwise, we might be setting a new all time low.

Daily ETNBTC

ETN is below every moving average and EMA20 is the first one that needs to be broken, at 55 sats. EMA20 is a good shorting zone for short-term day traders as ETN keeps failing at penetrating it on its bounces.

If we apply Tom DeMark’s TD Sequential indicator on the chart, we see an interesting signal. This indicator serves the purpose of identifying a price point where an uptrend or a downtrend exhausts itself and reverses. TD Sequential indicator consist of two components. TD Setup is the first one and it is a prerequisite for the TD Countdown – the second component.

TD Buy Setup requires at least 9 consecutive closes are lower than the corresponding closes 4 trading days earlier (Close[i] < Close[i − 4]; Index: i ~ Current Bar). ETNBTC closed the TD Setup and downtrend hasn’t ended. This means that exhaustion point for bears is not yet reached and we will continue with the second part of TD Sequential – TD Countdown that would mean additional 13 candles that count the number of days in which the close is lower than the low 2 days earlier (Close[i] < Low[i − 2]; Index: i ~ Current Bar). TD Countdown is currently at the third bar out of 13.

Should this play out, ETN might stoop to the new low all the way down at 30 sats. Considering the overall market’s bearish sentiment, ETN bulls’ odds for the near-term future are looking bad.

One potentially positive pattern on the charts for ETN is the formation of an ascending triangle pattern, usually considered as a bullish reversal indicator.

Days when a project could pump on irrational shilling on social media are over – lackadaisical developers and sporadic, cosmetic updates to client or wallet interface don’t cut it anymore – nonsensical “conferences” and meetups even less so.

Even the most credulous noobs are more wary of vaporware projects and steer clear of them in 2019. Electroneum either needs to deliver real, unique value to the market or just dissipate, leaving couple of lucky gamblers who caught its huge pumps back in day happy and a lot of miserable holders who got stuck with worthless bits of data, represented by the soon to be meaningless three letters glimmering on the screen – ETN.

One thing to bear in mind is the turbulent and erratic nature of bitcoin – a sudden thrust up or slide down is always on the cards which would invalidate this and all other analysis and predictions. In such cases, market is shaken up with most traders exiting altcoins and entering bitcoin positions or seeking shelter in stablecoins, especially in the initial phases of bitcoin pumps and dumps. So it is always a good idea to keep a close eye on bitcoin’s behaviour before opening a long or a short on any other coin in the market.

Should this happen, stop by again to check out our updated charts and thoughts.

Another important notice to some emotional ETN bagholders who struggle to understand our article structure: please google the concept of article updating. Once you grasp that, you will notice that this article falls into that category. So this is not recycling old “garbage” – this is updating an article with new information and technical analysis. New information is on top, the older, long-term prediction is below.

Trading volume is miserably scanty – reported volume in the last 24hrs is $220k and “Real 10” (trading volume on the exchanges that provably prevent wash trading) volume is of course non-existent since ETN is not listed on any legit exchange.. This means that ETN’s liquidity is highly likely completely fabricated.

Moreover, ETN comparatively has a paltry buy support, according to coinmarketbook.cc. Buy support is measuring sum of buy orders at 10% distance from the highest bid price. This way we can eliminate fake buy walls and whale manipulation and see the real interest of the market in a certain coin. ETN currently has a laughable and negligible $122k of buy orders measured with this method, which sets ETN buy support/market cap ratio at 0.23%, a very low value. Bitcoin and Ethereum have a 0.27% and 0.28% ratios, respectively. This novel metric indicates there are a lot of manipulations, inflated liquidity and fake orders on all crypto trading pairs, including ETN pairs.

Social metrics

All communities of Electroneum are barren wasteland: ETN subreddit, Telegram and Twitter discussion around the project is spotty and insubstantial as shown by the graphs below (Datalight and cryptosub.live are the sources)

Mid May Update: Fundamentals

To assess fundamental health of a project, we used the FCAS metric. FCAS is a comparative metric whose score is derived from the interactivity between primary project lifecycle fundamentals: User Activity, Developer Behavior, and Market Maturity.

There are a few sub components which provide data to each fundamental:
User Activity is comprised of Project Utilization and Network Activity
Developer Behavior is comprised of Code Changes, Code Improvement and Community Involvement
Market Maturity is comprised of Liquidity and Market Risk. Market Maturity has less than 5% impact on a project’s overall FCAS.


FCAS ratings are on a 0-1000 point scale with a corresponding letter grade. Break points are based on standard deviations in the underlying component distributions.

900 – 1000 is marked as S for superb. 750 – 899 is marked as A for attractive. 650 – 749 is marked as B for basic. 500 – 649 is marked as C for caution. And finally, below 500 is marked as fragile. You can read more about it here.

Electroneum has been ranked as the F category – fragile with overall 404 points as of May 6th. By far the strongest metric that contributed to this great score is developer activity that got 558 points, followed by market maturity that had 433 and the last metric is user activity or utility where ETN received pathetic amount of 200 points. So this is a data-backed claim that ETN is essentially worthless.

Below are some of the most important news around the project in the last 30 days.

  • Not much to list here since there is little to no activity around ETN aside of sporadic and vague updates by the team. Latest one on Reddit says that their South Africa expirement goes better than imagined and that “There is a great vibe everywhere we visit.” Additionally, developers are looking into reported issues with their app and also “KYC process is running very efficiently now, it’s down to just one working day waiting time as of this moment.”.

Below is our long-term forecast where we cover general market movements and sentiment shifts before delving deeper into the specific predictions for ETN.

Electroneum Intro

Electroneum (ETN), is a British cryptocurrency that was originally developed to be used in the mobile gaming and online gambling markets. They have since pivoted to add more use cases and essentially aim to be cheaper, mobile-friendlier and faster bitcoin. The name of the company and the currency is derived from “the electron which all cryptocurrencies rely on.” Electroneum is built on its own bitcoin-derived blockchain and claims to be “the world’s first common cryptocurrency.”

It aims to be a huge change of pace in the market and is designed with mobile-friendliness, fast transactions, and easy micropayments in mind. According to its website, Electroneum has the benefits of Bitcoin and other assets, but claims to be a vast leap forward over its cryptocurrency competitors. Also, Electroneum is built for widespread common usage and offers “groundbreaking ease-of-use for the ordinary mobile user,” which means that it could be a powerful investment opportunity that will almost certainly increase in value.

That all sounds good. However, there are many other cryptos that make similar claims. And a lot of them are already in the crypto graveyard because promising is easy, delivering on the promises is hard. Electroneum had a tough year behind it, price-wise it is in a gutter (just like the rest of the market) but the team appeared to produce some updates and there was some activity around the project.

Bleak year behind Electroneum

We already covered the bleak future of Electroneum in the eyes of respectable crypto analysts Nic Carter with one of them saying:

What are the best crypto portfolio apps?

“Like most ICOs, it’s a priori nonsense, but it did enjoy a brief moment in the sun as the development team (whose main expertise is online marketing) managed to drum up substantial hype, leading the asset to peak at a $900m market cap. In fact, one of my abiding memories of the late 2017 mania was sitting on a plane next to an earnest young fellow who informed me that his favorite cryptocurrency was Electroneum because you could mine it on your phone. Of course, this wasn’t actually mining, but rather an empty proof of time concept whereby you were allocated units of ETN just for having the app open.

It doesn’t take much to realize that ETN is hollow. It’s a generic ICOed fork of Monero with no distinguishing features by a team with no technical expertise. Some minimal development is ongoing, albeit at a very slow pace.

Notable event: The highlight of 2018 was the ETN team forcing every ICO investor into a KYC process.

‍Verdict: Electroneum is in a purgatory where it’s obviously a failed project but still piddling along until the SEC makes their way down the list and makes the team give all the money back.”

Beta iOS app ready after numerous missed deadlines

Electroneum had a great promise of being a easy to use especially on mobile devices. It has yet to live up to it promises with native wallets.

Over a year waiting for the wallet to be released with an iOS native app that saw a light of a day only a week ago and that as a beta version. They have missed multiple deadlines and as a result the currency dropped of the cliff in terms of interest in it.

With this new app, you can do “cloud mining”, while having to reactivate your app every 7 days. All it takes is a selfie to prevent bot activity. It doesnt cost any money, nor data or power. Its not really like mining to be honest. You cannot withdraw ETN until you’ve mined 100 tokens.


Reduced rewards for “mining”

ETN is a proof-of-work crypto currency based on the CryptoNight hash algorithm. It was forked from Monero and aims for mass adoption as an “enablement currency” through mobile applications and instant payment technology, particularly in the developing world.

Set it and forget it – how good is the Haasbot trading bot?

Typically, cryptocurrencies are mined with specialist equipment. However, Electroneum allows users to “mine” the currency with the mobile app, which should lead to increased adoption and use of ETN. The app allows your phone’s CPU to engage in simulated mining, which won’t overheat your phone or drain your battery. The mobile mining won’t actually help confirm new blocks on the blockchain – it’s more clever marketing by Electroneum to promote interaction with Electroneum and get people involved. Even though you’re not really mining but rather a simulation with a proof of elapsed time, you’ll still receive rewards. One more thing worth noting is that the mining will also use a negligible amount of your internet data.

Announcement made by Electroneum that they will be raising the payout threshold from 10 ETN to 100 ETN was met with disappointment and discontent of their community.

How to evaluate fundamentals of a crypto project

We should consider crypto valuations like educated gambling, a ‘prediction market’ where we are betting on the odds of project and token success. There are some catalysts of success we can identify:

  • Project success drivers (user traction, strong financial bottomline, good treasury management, network effects/synergies between users and token investors)

Real user traction is the most important driver of success, that is what most of holders call “adoption”. If people start using certain crypto project because they find it useful and it makes their life easier, that is a guarantee of success. So far, almost no crypto project can claim to have done so.

Strong financial warchest that will enable teams behind the project to develop their visions, incentivize other developers to join them and start using their product is also a crucial aspect of any project. Tied into it is treasury management – especially for the project that had big ICO proceeds. Temptation to squander all those millions into “conferences and events” (read hard-core partying on yachts and luxury hotels) was massive, especially if we consider that majority of token projects founders were no-names and ordinary employees that worked for a paycheck before the ICO fairy-tale happened to them.

Another adoption indicator – network effects, where every additional user of a good or service adds to the value of that product to others. When a network effect is present, the value of a product or service increases according to the number of others using it.

If you can objectively notice that your favorite token project has some of these traits happening for it, be happy – you might have found a winner.

  • Token success drivers (favourable demand-supply dynamics, programmable incentives on token, aligned incentives with management team and consensus on token as common unit of value creation).

Token success is completely dependent on tokenomics. As defined by infloat.co, tokenomics involves the incentivization of certain stakeholders to ensure particular behavior.

So, tokenomics is essentially an incentive structure designed to ensure that a token has a purpose and utility within its native network. It is the study of how coins/tokens work within the broader ecosystem that can be considered as a sovereign micro-economy. This includes such things like token distribution as well as how they can be used to incentivize positive behaviour in the network.

For example, bitcoin is designed to ensure that bitcoin miners have a reason to mine new bitcoin. Miners validate bitcoin transactions and receive (or create) newly minted bitcoin in the process.

On the other hand, individuals, businesses and other bitcoin users pay a transaction fee for miners to include their transaction in the next block. This ensures that even when all bitcoin have been minted (to the tune of 21 million, which should happen in around 2140), bitcoin miners are still incentivized to keep ‘mining’ (i.e. validating transactions).

To paraphrase all of the above in the simplest terms: if you, after weeks of research and reading, can’t figure out why the project needs to have a token, it probably doesn’t.

So why does the token exist then?

– To make the project founders rich.

But there are some people on Twitter, Reddit, Telegram claiming otherwise.

-Yes, they are either: paid to do so by those same founders, they are desperate and delusional bad holders or they are just stroking their own ego with newly learned fancy economic terms and jargon.

Needless to say – stay clear of such projects.

Market Movements and Sentiment Shift

The downfall of altcoins that were mainstream media darlings at the start of the year, ETN among them, can be attributed, in part, to novice investors getting scared off once the bear market kicked in with a vengeance. Every resurgence of bitcoin in recent period, was met with the inability of altcoins to rally with it. Reason for that can be rookie investors learning from their mistakes, while smart money that was previously watching from the sidelines has begun to enter.

These entities weren’t about to buy BTC when it was trading at an all-time high, but they’ll take a look now, having missed the boat the first time around. None of them, it seems, are interested in altcoins however, despite the fact that many are trading at a 5x discount. Institutional investors may be cautious, but they’re not foolish.

ETN Price Prediction 2019

ETN, as the rest of the market, is tightly coupled and dependent on bitcoin’s price action. If bitcoin embarks on another bull run, ETN can hope for one as well. Since that is very unlikely, don’t expect much to change for ETN price-wise in this year. So 2019 will be a year of boring sideways action with minor bitcoin ignited jumps and slumps.

In general:

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

When Bitcoin goes up swiftly, it will likely:

  1. Suppress or depress altcoins as money flows into Bitcoin;
  2. Or, take altcoins along for the ride

In cases when Bitcoin plunges, it will likely:

  1. Depress altcoins as money flows into fiat;
  2. Or, cause altcoins  to boom as money flows into them, but this is rarely the case.

When Bitcoin moves sideways, it will likely:

  1. Cause altcoins to mimic that as traders wait for a clear sign on the direction of the market;
  2. Or, cause altcoins to flourish as traders look for returns in altcoins and try to get favorable trades in terms of BTC pairs.

To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

ETN-BTC Price Correlation

The vast majority of trading that occurs in the crypto markets are between BTC and Altcoin trading pairs. Since most Altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying Altcoins (which is why Altcoins tend to do well when Bitcoin goes sideways).

Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.

ETN has had a correlation coefficient of 0.90+ up until January this year when it completely lost its ties with bitcoin as the correlation coefficient dipped towards zero territory, with occasional step over to the negative zone. This was mostly due to the fact ETN couldn’t follow suit bitcoin’s sudden jolts upwards; as shown on the image below – source.

The majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

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Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will ETN be among those 5%? Hard to tell but probability for that is pretty low.

All of this summed up means one thing: ETN might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with tiny volume and no real interest from the market. Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect ETN will do them either. The price will probably leak slowly, drip by drip to even lower levels than this current one as the founders and big whales liquidate their bags.

All in all, not a good forecast for ETN price in 2019.

Enthusiasm is waning

If we are honest, ETN stands a minuscule chance of reaching a massive adoption and without it, this coin has no point and looks more like a marketing ingenuity of its founders than a revolutionary tech.

The amount of social media shilling of ETN is slipping, obscure Twitter and Reddit users who used to defend it to death are suddenly inactive. Excessive social media presence of a project with similar pattern of behaviour among allegedly different users is a good indicator that it is all engineered and orchestrated by someone. These accounts usually put out vague and hyperbolic statements, spewing out “facts” that no one can verify and vitriolically attack anyone who dares to criticize the so wonderful project that “they are not affiliated with in any way”. They are just white knights fighting for world justice.

For more detailed critique of their whitepaper, technicals and initial stages of their development – check this article out.

Conclusion

I am not saying ETN is a scam but their bar is set so high that even much bigger companies and more competent engineers would have trouble to reach it. Don’t get to excited by the cool concepts you hear from the team, the more big words you hear from a project, the more skeptical you should be. Everybody is “revolutionizing” something in crypto space, but in most cases, only their pockets get to see a revolution.

coinmama
 
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

43 Comments
  1. Again a very bad article. This is all a opinion and not facts!! The ETN team is doing fantastic job. You give sh*t information.

  2. Do some research before you write your bullsh*t.

  3. It will be a very interesting year for ETN. They’ve said they have something coming on the 25th of this month which changes everything. Let’s see if it’s real “on the ground” use of crypto as they’ve promised or more hype like we see from all altcoins.
    I hope these guys can deliver as they are one of the few projects that appears to be trying to help people and make the world a better place rather than just ripping off the ico cash.
    Time will tell!
    Roger.

  4. Such an Uninformed and Toxic post…!!

    • Well you actually tried to talk about the project this time, however I’m disappointed the majority was just copying quotes from other articles. The price action has been bleak lately but the features have been continuing to roll out. You still haven’t touched on their mobile partnerships in your articles. You can use the “mined” etn to pay for phone data in South Africa directly through the app and they are on track to release a gig economy which will run through the app.

      Trading wise this project sucks, but their feature roll outs have been promising

  5. I’ve sh*t better. Crapcoin alt stain, your going to eat your own words.

  6. Hmmmm…You paint A very bleak summary for ETN.

  7. don’t agree with any of this article

  8. Jesus you are so negatively depressive. You completely ignore what ETN is trying to do. If it fails or succeeds, they are trying to financially equalise the world’s less fortunate and unbanked. For that concept they need unilateral support by all, you, me, everyone. Remove your head from your anus and give a grudgingly nod of approval and hope that cryptocurrency no matter in what form brings a better life for all those than need it most. If etn fails fine. They do so with integrity.

  9. Oh Captain Altcoin…Your articles are getting less harsh little by little. I see you writing about ETN later on praising their successes. You spoke of promising and delivering. Its harder to deliver yet that’s all the team does. Yes, sometimes delayed but not comstantinople late. Lol. All I haveto say is “Orange juice and chill.” 😉

  10. Your conclusion was dumb as f*ck. Although it may not be a scam! Now you just sound like a damn hater. Bigger the party the bigger the scam, look at Tron look at binance big party big big party. Electroneum keeps in contact with their community Through social media like YouTube and Twitter and Telegram Etc. You make electroneum sound good in my view.

  11. So much bad information in the first paragraph, that I couldn’t make it beyond that point. There’s no point in listening to financial advice from someone who can’t do proper research.

  12. Reply
    CAPTAINALTCOINOVERLORD February 16, 2019 at 11:32

    Considering there is little fact in this article it seems obvious that you just a very simple person who is salty because you are probably affiliated with some other coin like XRP. Who in actual fact ETN will DOMINATE!

  13. What? Do you even follow ETN, at all? This article is nothing but pure FUD with no basis on fact. Absolute garbage article. Time to put this publication in the fake news category and block.

  14. Bravo to this writer. For he REALLY knows How to make an ASSHAT of himself Haaaaa!

  15. It’s ok to be sceptical. Projects as ambitious as ETN defy the norm but there is no doubt of their monumental achievements in just one year is truly remarkable. I have no doubt this project will change the world looks at digital asserts and hopefully empower the impoverished at the same time. Time to wake up and join the movement captain alt coin, we all make mistakes in judgement. The community is strong, the community is huge (3 million in a few days) the community is united. All will be revealed at the worlds biggest mobile exhibition in a couple of weeks time. I cant wait!

  16. Hi there if using electronium app pls use my referal code 2DC769 that way i get more mining power and so do you. I mine 24/7 so no breaks! WW in my book 🙂

  17. *YAWN* More drivelling tosh crafted by the inept writers of Captain Altcoin journalism requires usage of supporting facts and objectivity based on said facts. In summary pure FUD of the highest caliber under the category of fake news.

  18. I could say learn to use evidence and facts with a splash of objectivity before giving yourself the right to trash a legitimate project 😉

    • Legitimate project is a stretch when it comes to Electroneum. You have to ignore your emotions and apply rational thinking when looking at it. Except you are a paid bot, in that case – you did your job.

  19. The project holds a glimmer of promise to transcend the mere speculation that takes place for a large number of digital assets out there. The aim is to find a real world niche in an ever evolving and fiercely competitive digital marketing place bringing affordable, instant micro transactions to the masses if it succeeds even partially in this the value will be achieved eventually. As an experienced investor I dip a toe in the pond (never wade in further than comfort allows) I don’t require incentives to recognise a good opportunity to get on at the ground floor (so to speak). I’m not the the one being paid here that my good sir is you, might I add for FUD and fake news does it pay you well…? 😉

  20. What a waste of my time, i wont be reading any nonsense from ‘captainaltcoin.com’ again

  21. Arrgh… bitter and salty… Arrgh… matey Arrgh… raise the jolly rodger Arrgh… legitimate project prepare for a broadside Arrgh… Craptainsaltgroin’s work here is done! Arrgh… matey Arrgh…

  22. Your thoughts on recent developments? They can use cloud mined ETN to pay for data in South Africa and the $80 budget phone.

    That’s real world use

  23. Not what I would normally do 🙂 but… So much good stuff happening right now for Electroneum so many positive signs for the future from a legitimate project with real world usage $80 ETN smart phone, live in South Africa ETN as payment for airtime and data, Huobi exchange listing now illustrates the clear intent and direction of yes let’s repeat it one more time “a real world legitimate project” whisper of more partnerships on the way *awesome* but unfortunately this article smacks of biased poorly researched amateur attempt at journalism. Embarrassed you should as this article and it’s intent has truly backfired questioning your credibility *couldn’t resist sorry* but this article truly deserves to be highlighted for what it is (or isn’t as the case maybe…)

  24. it came to me some nostalgia to those naive and economicaly illiterate fanatics, screwed by some experienced and already many times failed pyramid-ponzi-mlm criminal minds, stepping in crypto like hippo in glass market, and this article came first in my searching – obviously most popular i suppose… and i am glad to read this article, written from competent and honest author, without emotions, and with many years cryptoexperience, sticking to the facts. shame and boring are all those zombie-answers from naive and blinded haters, who are afraid to admit that they already lost their money in this crime-mlm-ponzi bubble, having nothing in common with crypto, except the labeling, and even the real participants are forced to declare their identity (making photo of himself everytime when transacting) – its so much “crypto”, ah? not even speaking for my favorite song – “…to the moon…” – yes, to the moon, and not to the real moon above, but to the moon reflection down, from the shining flat gravestone of the money-hopes of all those naive illiterate “believers”, who are so angry when someone speaks other than their brainwashing mantra – optimistically suspecting they have a brain… they are so desperated and scared from reality, and are ready to insult, beat and kill for not admitting their own failure and shame – they are robbed from those mlm-ponzi-pyramid criminals, who already were sentenced in several parts of the globe and not for once or from yesterday – but nobody cares, all want to get rich sooner, and without hardwork or smart, educated thinking. if all those mlm-zombies were conscious or even primitive educated, they could find how the mastermind had some micro-company, making less than 50 000 in the last two years (wich is a miserable shame-activity for the local conditions – acting in the one from the financial capitals of the world – at least till last pre-referendum times), before the big crypto-mlm=ponzi to came in existence, and fill his bank accounts with millions – the millions of all those angry and illiterated wannaberichsoon entities. if they were “wise” or “smart” or just “investors”, and not usual biological bots, they could remark the miracle identity between the startup millions (40) and todays capitalisation (40) of these money – suspecting all those wash-trades, for wich they even dont heard about. but the facts are facts – todays capitalisation equals to money collected in the pre-ico money collecting campaign, and for rerouting the attention immediatelly after the official start (as planned) this “coin” was “hacked” – nobody hacked the coin, but this was some acceptable semilogic for putting the attention of all those naive moneygivers away from reality – and the reality is mlm-ponzi in full degree. now i will jump to some another article similar, to look with joy, but with compassion too, those tothemooners – they are so naive and so screwable… in my culture there is a wisdom (sorry for the bad translation, but the english language is so insufficient for right transport of info):

    he is not crazy who eats the cake, but he who gives the cake.

    oh, and dont forget before insulting me, to compare how many hundreds times lower is todays value of this mlm-ponzi – compared to the pre-ico times. happy “tothemooning”! happy dominating with value $0,004 against the crypto-champion weighting $5 251 (one million times less), and capitalisation $45 mln against $92 789 mln (2000 times less), not even being in the first 5, 10, 20, 50 or 100 in money-circulating-lists!

    as for those good-making-believers: some rich man (from the rotschield family) paid to marx and engels to write a new religion, painted as science, and its bible was named not “the comunism”, but “the capital”, and they did fuffill the payed order what to write, how must it work, and what results to achieve. just the small, but signifficant difference: planned to impregnate the most advanced state in civilized europe, it failed, but succeeded in the most retarded slaveowning state in asia – and there were millions believers “that this will make the world better”. later all those “believers were put in slavelabor camps – concentration camps are made at first in this slaveowning state, and the gas-killing cameras too. and even a century later, after the profound failure and the millions asassinated, there are “believers” – this new paid-requested religion named communism killed for less than hundred years more humans than the whole cristianitry for two thousand years!!! and after all the facts, there are “believers”, who repeat the same as those first visitors of gulag (the most advanced system of dead camps/slave labor camps/concentration camps). no, the mlm-ponzi-pyramid masters will never make this world better, and never help to those who are the poorest – they will allways marauder the naive and illiterate, despite the legal prosecution and court sentences. thats why they are good in brainwashing – for extort money from poor. look at their pockets – they rotate artifically those money, which they collected before the official start, and the money amount is not the same in value as in numbers – calculate how much usd/euro was the value of those collected crypto then and now – by tracking the value of eth, used for selling those “wet dreams” to the naive and uneducated “believers” and “tothemoooners”. the results are obvious, and marketing-masters are so grateful to all those naive poor people, who donated to them several tens of millions just for nothing but few sugar-sounding phrases! money fornothing? or just old-fashioned ponzi-mlm? labeled “tothemoon” or something similar sounding mega-rich wet dream. as are all wet dreams of poor, naive, uneducated people.

    again and again: many thanks and respect to the author of the article – smart, honest and experienced, wish that there were more like him. this way the world will be better place for real and for long, not for imaginable moment of dreaming without any factual consequences. dreams or facts? i personally prefer facts.

    • @CYBERSHAMAN aka. TORSTEN HARTMANN (writer of this article and comment) writing a very long and strange complimentary comment on your own recycled article from over 2 months ago. Doesn’t improve or legitimise the content of your article. How many more times but are you going to polish this turd…?

      • Reply
        Torsten Hartmann May 2, 2019 at 12:32

        The author is Julian, not me. The comment is completely unaffiliated with our website, that is a false claim you made.

        • @TORSTEN HARTMANN, you did indeed write this article under an assumed name. Why else do you only surface when your content comes under scrutiny you good sir have been called out. The only false claims around here are those made this article (recycled multiple times on many dates) and your supporting comments of said article.

        • Felix Küster May 4, 2019 at 20:15

          The article is not recycled, it is regularly updated and clearly marked as such. I don’t understand how is the concept of updated article hard to grasp?

  25. many thanks and respect to author! being experienced, educated and smart, AND not being emotional colored to some label, be it crypto or not. shame to all those zombified haters, who are afreid to dead to touch reality (look in wikipedia who are those afraid and disconnected from reality). and the reality is: some wannabecrypto. and being rebadged mlm/ponzi, with capitalization (oh, miracles after miracles!!!) similar to the startup money colletced from naive and uneducated “investors”, made from some exparienced, prosecuted and sentenced for his mlm/ponzi/pyramid activity team, never having any experience in cryptro or blockchain at all, just in marketing (wich is some advanced form of brainwashing with one and only goal – extorting money despite how, from whom or for what, just to extort). as with primitive thinking entities, the first and oldest trick of rerouting attention is made – it was shown to the public from ivan pavlov with one dog – turning the light on, the dog produces mouthwater, and does not receive food, but all the time it expects food). so primitive, and so effective – imediatelly (as planned in this good marketing operation) after the start the moneygivers attention was rerouted in some angst/fear generating pattern – “oooo, we are hacked, ooooo, we stop all money circulation for common good, and do not think that locking away your money from you is bad – it is good, for as many months as possible, just to reach sooner this one year of time with all your/our money locked from spending”). and all “believers” and “tothemooners” prodiced excessive “mouthwater”, waiting the food. and the food never arived! long story short: all except those naive and uneducated could research the activities of the leader and the team – criminal sentenced for mlm/ponzi activities, yearly money circulation in own companies, if any, some experience external mlm/ponzi schemes, but in blockchain, and the most important: any results AFTER the official start (in reality fall-start) of this mlm, labeled as crypto. all those who believe that such initiatives help to poor people may see how many poor people are fed, healed or put out from poverty for these times – ZERO!!! but the accounts of the mlm=ponzi masters are signifficant in weight – several tens of millions, just for spreading few sugar-sounding phrases. there is a wisdom in my culture: he is not crazy who eats the cake, but he who gives the cake. if someone is not zombified and scared to dead from reality, he may compare those numbers – how many tens or hundreds times less weights one etn now, compared to his “start”, and why its capitalisation never exceeds the money collected in pre-start times (some 40 mln at these times). and what expenses are made from the owners, and for what – none of expenses is made for bettering the life of poor, as intended, no usable effect is made to any cryptocommunity, just enriching some mlm-experts, and never “tothemoon”, as intended by zombified moneygivers. kiss your money goodbye forever, and drink a glass of cold water.

    again and again, many thanks to author, so smart, educated and experienced in crypto and economics, nothing in common with all those bio-robots, repeating to dead “tothemoon”. it reminds me of som other very similar brainwashing, made a century ago, and costing many millions of human lives: the newest religion “wich will make the world good, the poor rich and all equal”. in fact this new religion was requewsted from the rotcschield family member to marx and engels, and thats why their bible is named “the capital” and not “the communism”. if in doubt, visit the british museum and make personal photo of the two money sending orders with detailed description what to write, how must it work, and wich results must be achieved – and both marx and engels did the job. in fact there was a small but signifficant difference – planned to invade the most advanced and educated state in europe – deutschland, it failed and succeeded in the most retarded slaveowning autocracy/tyranocracy in asia, and asassinated for less than a century more humans than the whole christianity for two tousand years! is this the way for making the world better? similar, but much smaller with the abovedescribed mlm/ponzi – extorting last hardworked money from poor makes the world better? never. if in doubt, compare the value in real money – usdollars – in the start of this mlm/ponzi and now. the number is how many time poor became all those “believers”. nothing personal, just facts.

    • @FELIX KUSTER this article is recycled, in fact the only update this article has ever had is a change in publication date, if that counts for updated I guess your right, except that since I made my last comment the title of article has. now been changed yes so definitely updated *chuckle* 😂 how much longer can this turd be polished…

      • Ok, you can tell that to yourself, I have no time to waste on explaining basic concepts. Since you already read the article, you don’t have to come back here to comment for the 100th time – we already know your opinion, move on, enjoy your ETN wealth.

        • Thanks for the offer very decent of you but it is not for me if it’s all the same to you. I will however leave you with my parting thoughts. I wish only that you shake up your content, use objectivity and not fill articles with hear say and conjecture. Your audience are not brain washed drones but individuals who have the intelligence to look and decide for themselves do not discredit yourself to them. Rise up above the petty mud slinging and trampling of decent and honest projects that are attempting to bring something different maybe not technically but something different all the same reaching out on the ground in South Africa with real people I find this very interesting as the basis of this is to get a working model to form a template for other countries and partnerships. Yes current value is volatile but not everything tangible can be measured by the dollar and depending on whether you look on coinmarketcap or coingecko each throw a different view with conflicting volumes and values. We only ever get a glimpse at pieces of the picture never the whole. Unfortunately only time will tell how the story ends but it will be intriguing to watch it unfold…

        • Felix Küster May 7, 2019 at 23:55

          Thank you for your civilized comment – agree, time is the best judge so we will all have to wait and see who was right :).

        • @FELIX KUSTER if the basic concept was here I would get but unfortunately as I have pointed out this is not a constantly updated article (unless you count article date & title) somebody has to shine the light on outdated recycled articles based on opinion and scant fact (if any) and as for how many comments I chose to leave highlighting this some what mirrors the number of times this article has been dug up and dusted off each time with a new publication date. A hobby is not wealth, I enjoy watching something grow. I don’t subscribe to the language of ‘lambos’ & ‘moon’ modest long term growth will be just fine for me. I have patience my friend something that seems to have been forgotten in these times when gains of 1,000% are expected overnight this is not sustainable or realistic wouldn’t you say?

        • Felix Küster May 7, 2019 at 21:06

          Ok, thanks for the comment – I invite you to make a guest post about Electroneum, shining light on its positives as you seem to be a trough and trough fan of the project. Shoot me an email on info@captainaltcoin.com and I will make sure your voice is heard.

          As for the updates vs recycled content: I disagree with your view. We update the top part of the article with new technical analysis and fundamentals (news, updates), social metrics and other data like FCAS etc. The bottom part is long-term forecast that stays put and changes only occasionally.

  26. Reply
    gabriel anderson May 2, 2019 at 01:19

    Yet another FUD article by this ETN hater. I just read to get the good laugh at the nonsense that spews out.

  27. As long as this site is up and running, ETN is not dead.

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