Electroneum (ETN) Price Prediction 2024-2040
Nov 21, 2024
0
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.
This article reviews the Electroneum project and provides the Electroneum token (ETN) price prediction for 2025, 2027, 2030, and other years.
Contents
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.
| Year | Price Prediction | ROI of your investment (if you buy the coin now) |
| 2024 | $0.0022 | 13.4% |
| 2025 | $0.00188 | -3.09% |
| 2027 | $0.00175 | -9.79% |
| 2030 | $0.0024 | 23.71% |
| 2035 | $0.00141 | -27.32% |
| 2040 | $0.001 | -48.45% |
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.
| Date | Price | Why the price dropped/rose to this level (what influenced the price change) |
| Nov 8, 2017 | $0.0447 | ETN hit the market in November of 2017, not long before one of the most notable crypto rallies in history. On November 8, ETN was traded at 4.4 cents |
| Dec 8, 2017 | $0.134 | In December of 2017, the market was booming. On December 8, Bitcoin peaked at nearly $20k. The same day, Electroneum peaked at 13.4 cents |
| Jan 6, 2018 | $0.2 | Like many other ambitious cryptocurrencies of that time, Electroneum reached a historical maximum at the beginning of January 2018. Unlike other quality cryptos, ETN never managed to top this price as of November 2024 |
| Apr 6, 2018 | $0.02 | February and March saw Bitcoin plummeting and dragging the rest of the market down. In March Electroneum was listed on two major exchanges, Huobi (now HTX) and KuCoin but it didn’t save the ETN price from downfall. On April 6, the ETN price was as low as 2 cents |
| Jan 18, 2019 | $0.0056 | The ETN price has been volatile all summer. By mid-September the token price declined to a half of a cent. Unlike Bitcoin, Electroneum saw a short rally in the fall. At the peak of the fall rally ETN had the 2.6 cents price. By January 18 the price returned to a half of a cent value |
| Mar 13, 2020 | $0.00162 | March 13 of 2020 saw the biggest downfall of the crypto market at that time. It was triggered by a panic sale caused by covid-19. ETN dropped to $0.00162 |
| Mar 27, 2021 | $0.039 | 2021 saw a crypto bull run with strongest rallies in April and November. However, ETN had peaks in March ($0.039) and September ($0.025). By 2022, the price declined to $0.002 and since has been revolving around this mark |
| Apr 8, 2024 | $0.0073 | March of 2024 saw an uptrend caused by the Bitcoin ETFs approval by SEC. Combined with the Gate.io listing of ETN it triggered the last (as of November 2024) strong rally of Electroneum. On April 8 ETN peaked at $0.0073 |
| Nov 19, 2024 | $0.00193 | As of November 19, 2024, the ETN price is $0.00193. It didn’t rise much during the crypto rally that followed the US Presidential election |
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.
Le opinioni e le valutazioni espresse nel testo sono le opinioni dell'autore dell'articolo e potrebbero non rappresentare la posizione di Cryptogeek. Non dimenticare che investire in criptovalute e fare trading in borsa è associato al rischio. Prima di prendere decisioni, assicurati di fare le tue ricerche sul mercato e sui prodotti che ti interessano.
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
Qui non ci sono ancora commenti. Sarai il primo!