Electroneum - Amazon UK M1/Volume

Hey you, welcome back to the channel. And today, want to talk to the Electroneum family and just do my— I try to at least do a weekend check-in video, uh, try to still get one in, guys. And, and so there's been, um, quite a bit of activity going on with Electroneum, um, looking at the volume over the last 24 hours, over $9 million. A lot of volume, a great deal of volume. And, um, the M1 phone, uh, as well is for sale now in, uh, on Amazon UK, right? So these are, these are all, uh, very good things for Electroneum. It's not showing up in the price. But we're going to talk about some reasons why that is a good thing, and we're going to talk about maybe some of the bad things to that as well. So, um, a lot of liquidity since it began trading on Huobi. Um, and, uh, you know, I think it's always a good situation to have a highly liquid market. Um, it creates a great deal of price stability. Um, that's advantageous if you want your cryptocurrency to be a money. If it's stable, if it's highly liquid, it's a great deal more confidence in being in that cryptocurrency. Um, now as well as that, uh, I think the drawback to that would of course be if you're treating Electroneum like an asset like an asset, then you're going to of course have a problem with not being able to profit on the price of Electroneum. What I think would be a good case scenario though is if we had an overall— the market cap of the overall cryptocurrency space increased, Bitcoin goes up. Now what we would have is basically Electroneum being pulled up but not only being pulled up, being pulled up with a lot of liquidity. And what that would mean is that there's a great chance then that Electroneum would hold that price, right? You know, whereas you probably have seen a lot of other coins probably falling or what have you because they won't be as highly liquid. You probably see the opposite with Electroneum, pretty much how you see it now, to probably stabilize around that price. At least, you know, that's would be, you know, a good situation. That's kind of how I probably see it going in a case like that. Um, but, um, yeah, that's a highly liquid market, always a good, always a good thing. Um, the, the M1 phone, what is that going to mean? That, uh, people are able to now purchase this phone in, in the UK. Um, well, now, you know, obviously they will— it'll be a lot more easier for people to purchase Electroneum That's what you want. You want that Electroneum to be taken off the market. And to have a scenario like that, it's going to have to be a direct demand and access to buy that Electroneum directly off the market. And if you have a smart device and it's convenient and you could do that a lot easier than trying to go from one exchange to another. And if there's, you know, going to be these partnerships where you can get these Electroneum minutes, a half price, or you, you know, you can kind of get twice as many, then that's going to create an incentive to want to purchase and take more of that Electroneum off the market. So, um, that's pretty much, uh, I, you know, I think how we can look at that with the, you know, with the current state of affairs with the price of Electroneum. Excuse me. Now, some people, um, have made, uh, some statements. I've heard people say things like, well, uh, you know what, it really is probably happening is, uh, there's a lot of dumping going on. You know, there's somebody, uh, could be a big whale or something trying to get out. Some people says insider dumping. Uh, some people have moved to it's probably just exchange wash trading, uh, and trading algos. But, uh, you know, whatever the case may be in those particular situations of, you know, looking at the wash trading situation, well, that's something that's been going around cryptocurrency for a long time now. And, you know, wash trading, you know, that could be very much the case that is going on. But, you know, it's kind of hard to prove if that's what's happening. And so, you know, you can only do so much with that, you know. And if that is the case, then it's probably cryptocurrency-wide. But going on what we can see and what we can go on, you know, which is the numbers, that's all we can go on at this point in time, uh, I would say that's pretty much what we're gonna get with Electroneum. We're gonna get this high liquidity, hopefully get people taking this Electroneum off the market. And for those of us who are, uh, holding Electroneum like an asset, uh, then hopefully that'll mean a good price move up for you. For those of you who want to treat Electroneum like money, you want to go purchase items with it, you want to do things, then you have a stable Electroneum. But that's all I kind of want to say in this video, guys. Just want to check in with you all. Just also want to let you know we are still running our Electroneum contest for this month over on the BitcoinMYK website. So feel free to get over there, get you some more Electroneum in this high volume market. And that's all I'd like to say in this video. If you like content like this, don't forget to like and subscribe. And until next time, take care.