Electroneum (ETN) Price Prediction 2024-2040

Please note that this article doesn't present investment advice and serves for educational purposes only.

While most of the top 200 cryptocurrencies have a tendency to gradually gain value, some of the ambitious projects lose their value with time. It happens despite the strong media presence, support from leading crypto exchanges, clear use cases, and constant work of the dev team. 

The company hit the market in 2017 with the aim to make cryptocurrencies and bank-like functions available for everyone and quickly gained much attention. However, as of 2024, we can state that despite the constant evolving the ETN token price keeps on fading away.

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This article reviews the Electroneum project and provides the Electroneum token (ETN) price prediction for 2025, 2027, 2030, and other years.

What Is Electroneum (ETN)?

Electroneum (ETN) is a native cryptocurrency of the Electroneum platform which is a layer 1 blockchain compatible with Ethereum Virtual Machine. The platform facilitates cheap and fast transactions. According to Electroneum, transactions are completed in five seconds. Electroneum uses the Istanbul Byzantine Fault Tolerance (IBFT) consensus mechanism. The security of the platform is provided by known validators (universities, etc).

Electroneum is a unique project aimed at enabling unbanked populations (over one billion globally) to make financial transactions, send, receive, and store cryptocurrencies (specifically, an Electroneum token). Some believe that Africa will be the home for the mass cryptocurrency adoption and Electroneum can benefit from being a crypto pioneer in this region.

Electroneum was launched in 2017. Initially, it was a mobile app for remote cryptocurrency payments meant to help the unbanked populations. On top of payment functionality, Electroneum mobile app had an in-built market where people could buy various goods paying in ETN tokens. 

Further empowering people to benefit from the use of cryptocurrencies, Electroneum joined forces with the freelance platform AnyTask.com where people can offer services in exchange for cryptocurrency.

A 2024 Aurelius update to the Electroneum blockchain provided developers with important tools to create web3 products on top of Electroneum. Other plans include creating a new app and deploying a corporate blockchain infrastructure. 

Electroneum (ETN) Price Prediction for 2024, 2025, 2027, 2030, 2035, 2040

As of November 18, 2024, the ETN price is $0.00194. According to CoinMarketCap, the Electroneum market cap ranks 716th at over $35 million. 

The table below provides the Electroneum (ETN) price prediction for 2024, 2025, 2027, 2030, 2035, and 2040. Under the table you can see a more detailed forecast. The prediction is based on the combination of the fundamental and tech analysis methods.

2024

As of November 19, the crypto market is on the rise. However, Electroneum (ETN) saw only a moderate price growth. Experts expect Bitcoin to keep on growing in the following weeks. This will probably result in ETN regaining its October levels by the end of 2024. The average price of the ETN token by 2025 will be around $0.0022.

2025

As Trump Trade and the 2024 Bitcoin halving impulse will fade away, the crypto market will begin to calm down. Various strong cryptocurrencies will manage to keep their value even in these circumstances but ETN already proved to be volatile and insatiable. By the end of 2025 it will be traded at around $0.00188.

2027

Things won’t change for ETN after 2025. In 2027 the price will continue to decline. ETN will have a number of short rallies. Some of them can be attributed to new partnerships and exchange listings. Nevertheless, the overall trend is negative. By the end of 2027, ETN will be traded at $0.00175.

2030

The first really strong rally for Electroneum will happen in 2028–2029, following the 2028 Bitcoin halving. The BTC halving will spark the crypto market (as it usually does), the ETN price will grow considerably thanks to the entire market bull run. However, the 2030 correction will cut a portion of the newly grown price off. By the end of 2030 the ETN price will drop to $0.0024 which is more than the ETN 2027 price. 

2035

Although we don’t know much about the future events that will take place in the economic, political, and social life of the 2030s, we can use the past ETN price data to get an approximate future price of Electroneum in these years. Assuming that the tempo of development  of the crypto market and Electroneum project in particular will stay the same, by the end of 2035 Electroneum will decline to $0.00141.

2040

In 2040 Electroneum may drop to $0.001.

Electroneum (ETN) Price Analysis for the Past Several Years

The table below showcases the main milestones of the ETN price in the past years. The right column contains commentaries that will help you to understand the main triggers of the ETN price changes. It may help you better understand the upcoming changes.

In general, we can see that the ETN price has been slowly decreasing throughout the history of the project.

Q&A

Is ETN a good investment?

We cannot give investment advice. Please do your own research.

What will be the ETN price in 10 years?

In ten years from now (in 2034) the ETN price may reach around $0.00154.

Should you buy ETN now?

The Electroneum price is relatively low. Some may say it is a good buying opportunity. However, according to various sources, traders/investors are mostly bearish on Electroneum.

Conclusion

We can consider Electroneum as a blockchain industry veteran. However, we must admit the ETN token price has been declining continuously and it is hard to expect dramatic reversal of this trend.