Electroneum - Is It Just Hype And Hope?
In this solo commentary, the presenter examines whether Electroneum (ETN) is a genuine, value‑creating cryptocurrency or merely a product of hype and community hope. He begins by questioning the reliance on price as the primary data source for crypto projects, contrasting it with traditional equity analysis. He then explores the importance of community social capital, arguing that a strong community can translate into token value, while a fractured community can erode it. The video distinguishes between hype generated by the Electroneum team and that generated by the community, citing interviews with founder Richard Ells and comparing his communication style to that of Ripple’s Brad Garlinghouse. The presenter emphasizes listening first to management’s stated roadmap—targeting unbanked users in developing nations through mobile‑minute integration—and evaluates the project’s execution record, noting that roughly 90 % of promised milestones have been delivered. He introduces an economic lens, describing phone‑minute purchases as an inelastic expense and arguing that Electroneum’s potential lies in facilitating these transactions in emerging markets, creating real demand. The discussion then shifts to price dynamics, explaining why low token prices can be misleading and why attractive pricing does not guarantee appreciation. He critiques technical analysis, referencing analyst “DaVinci” and expressing skepticism about chart‑driven trading in crypto, especially for long‑term investors. Throughout, the presenter stresses the need for transparent communication from Electroneum’s team, the role of community‑driven hype, and the importance of coupling fundamentals with market data. He concludes that while Electroneum shows some viable fundamentals, its future hinges on execution, community cohesion, and real‑world demand rather than hype alone.
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Hey you, welcome back to the channel. And today we want to talk about Electroneum. Is this a good project or is it just based on hype and hope? So maybe in this video we'll be able to determine what is Electroneum, right? Because it can't be both. It can't just be some hype and hope project and then be a good project. It's either going to be more towards being a good project or one that's based primarily on hype and hope. So let's, let's find out where Electroneum fits in, uh, and let's try to explore, uh, the price a little bit. Why, uh, I think people are so hung up on price and why there's always a negative effect that comes with a downward price or as the price declines in Electronium. So, um, I think, uh, as you go around the electronic community, it has become quite clear that the price is not having the best effect on some of us. Uh, the decline in the price of Electronium is, uh, you know, maybe causing some doubts in some of our minds. Right? Maybe it's— maybe this isn't the great project we think it is. Maybe it was a bit overhyped. Um, so when I look at price, when we look at the price, cryptocurrency is very different in your traditional investing on many levels. And, uh, for instance, in traditional investing, you don't really have to look at price to gather data and a good amount of data. If it's a public company, you're able to inspect the books and you're able to look at the assets, the liabilities. And even if the market doesn't reflect that, you can then, you can come up with a way to value that asset, that company. Cryptocurrency is a little bit different. You know, we're not shareholders. Information is not, uh, handed over to us about what's going on, if there even exists some type of management company. And so we don't have access to that. So we generally are going to rely more on the, the price and the charts, as this is going to be pretty much what our data is, right? That's going to be all we really have to go on, uh, and, um, and, and that was some fundamentals, of course, of what's happening within the project and what's being produced by that project. And so we're going to try to weigh all of these factors with Electroneum, see what we come up with, and, uh, see, uh, if it is just hope and hype. And if not, uh, where does it rank on our scale of being a good project? So, so let's talk a little bit about, uh, Electroneum as far as some As far as the community's sentiment about it, especially as of late, as of late, because as of late we've, we've, we've had some kind of, uh, some issues with the community. And community is very important because community— remember that a community, uh, is very important, especially in this space in the space to cryptocurrency. I relate what we get in cryptocurrency a lot to the teachings of Dr. Robert Putnam, a professor at Harvard University who deals a lot in the area of social capital. What we don't know about social capital is that social capital begins to translate to actual economic value, money, right? If people in your community support you in that community, that is not only just emotional support or friendship, but it can lead to money as well. So I relate these two theories or these ideas over to cryptocurrency, and that what you can get with a strong community is more value. As that community begins to— there begins to become this rift and it begins to break down, then just like how a community can cause a token value to rise, so can that community cause a token value to fall. So in that particular, uh, uh, set of circumstances, uh, your community is very important, right? So let's find out why there have been some kind of rifts in the community and what are, what are some of the problems and What are some of the issues? So hype, you know, is Electroneum overhyped? Does it get hyped too much? Is there too much kind of easy information being pushed over by Electroneum about how great it is? And is that good? And where does the hype come from, right? So first, if it is overhyped, I will first say that That hype didn't originate with the Electroneum team. It's not part of the Electroneum management. So first, if someone were to be blamed in that situation, it wouldn't be the Electroneum, the company itself. And the reason I say it that way is because as I've watched several Richard L.'s interviews, I've watched Uh, he does not overhype Electroneum. The only people who overhype Electroneum and make Electroneum, uh, really big things is the community, right? I've never seen him, you know, in other words, I've never seen Richard Ells pull a Brad Garlinghouse. And what I mean by that is Brad Garlinghouse has went on several shows and said that the Ripple XRP token was not only better than Bitcoin, but that they could beat Bitcoin, right? And he did get the number 2. So he was, you know, so he was at the door. But, uh, he obviously in his management, uh, uh, uh, position had a viewpoint about Ripple XRP that could have been considered as hype. To Ripple XRP, uh, you know, as far as people investing then in the XRP token in hopes that it could defeat Bitcoin. Because he actually goes on air and is clear in his goal and, uh, in his direction as to what they can do and where they should be, right? So that's, that's completely different. Whereas Richard Ells never did that. Not only did Richard Ells not do that, but Richard Dales gave pretty specific directions and instructions about where he thought to see Electroneum. And it went something like this, that Electroneum's goal is to focus on the unbanked people in other lands, these developing nation lands over in the east someplace. And they would start there and they would try to build up over there. And maybe— and this is pretty much how he put it— and maybe then what's going on in the West would take notice. Because what happens in the West, uh, is people are pretty much set in their ways. Richard Dale wanted to say they're not going to try to, you know, really change that. People in the West going to be using their MasterCards and Visa cards, and, uh, that's where their focus is going to be. Now, everything that comes about after that about us going in the stores and purchasing things over here, uh, in Electroneum with our cryptocurrencies and doing this variety of things like that, that all originates with the community. And that's fine, that's fine, um, you know, if we can hope and believe that Electroneum will be able to accomplish that, those things, maybe it will, right? But that didn't originate with the Electroneum company or business, right? That originates with us. These are our hopes and dreams for Electroneum. Uh, you know, I think as far as— I, I guess what I'm going for is that if I'm involved or if I'm interested in a project or if I'm trying to gather data in relation to a project The first people that I want to listen to— hold on one second, guys. I got this computer beeping in the background. It's just annoying me, so I'm just going to briefly stop the video and I'll be right back. Okay, back, guys. You didn't even notice I was gone. That was less than a nanosecond, wasn't it? So what I was headed to was that whenever I'm getting information or data on a project, the the first people I'm going to listen at is the people who are actually in control of the project, right? The management team. Whatever they tell me about where they want this project to go, where they plan for it to go, I'm stopping right there with it, guys, right? Because I feel like if you're at the head of the management team and you're in control of that, that you, you're, you're steering the ship. It's, it's going to go to a great degree where you want it to go. It's not going to go beyond that or under that, right? So unless you tell me something that is going to do differently than what I'm hearing from you so far, it's, it's not a whole lot of reason for me to just jump from that to something else, right? Does that, does that make sense? Like if Richard, if Richard Dale says that they're going to work in the East and they're going to target these countries and companies, they're going to work from one village at a time. And maybe at some point in the future, maybe, just perhaps, the West may take notice. I'm gonna stop right there. I'm gonna stop right there, and I'm gonna try to, uh, you know, factor the value of where Electroneum is going to be at that point. So I'm gonna listen to those people first. I'm not gonna listen to people who hope and have an idea or dream about something over the people who are steering the ship, you know. So I think that's where we need to go first on that. Um, and so, uh, looking at that, what I like about the project, and it's just looking at the fundamentals of it, we're going to talk a little bit about the fundamentals, we're going to talk a little bit about the charts, but The fundamentals of what we've gotten with Electroneum, um, as far as them setting up projects and the ones they've completed, right? So we know that they've completed like 90% of projects they said they would do, right? They've, they've completed what they said they would do. Like, they haven't— maybe didn't always do it in our time frame, but it does seem to me, looking at it fundamentally they have completed many of the projects they set out to do up until this point. Now I get a lot of comments in my thread about the early days of Electroneum, and it's very important to understand that I'm definitely not one of the oldest Electroneum reviewers or YouTubers or, you know, whatever you want to call us, you know, people who cover Electroneum. I I came, guys, well after the ICO. I was, you know, it was what, about 6 months ago or something like that, maybe a little bit less, no, longer than that. It was longer than that, but I'm probably more so new to it because I don't even remember what was going on with the ICO. It was, it was, um, months and months later that I got onto Electroneum, but from what I'm Got her. But when I came into Electroneum, right, looking at the direction it was going, looking at the plan from that point in time, it made sense to me. Now, really wasn't going to be very logical for me to worry a great deal about things that didn't have anything to do with the project, you know, at that point in time, because even if I did, it was going to still really have no effect on Electroneum as far as the direction it was going at that point in time. But from what I understand is there were a great deal of people very upset about it changing from the white paper. And, uh, you know, I have to go back in history and review all that stuff. But again, I didn't because, you know, even if that was true, and maybe there are some things that lead to the credibility of Electroneum in that, in that way, that could be very much the case. But from where I came in and the track record from that point on up That's, that's the only thing I was really able to rate Electroneon on, because at that point, that's the only thing that really, you know, was relevant to what was happening at the time and were they executing that business plan that was ahead of them. But if you go back to that point, yeah, there are some people who are upset. They say they didn't do what they said, that they're not a credible business, that, you know, they might be a scam company or something like that, uh, you know, that they've dealt with figures that haven't been the most reputable, that have been, uh, crooks or criminals themselves. And maybe this all could be the case, right? I would have to do a look into that, a great detailed look into that. But even if there are elements of things they didn't execute at that point in time, um, it— and let's say, for instance, they changed their whole plan and now they're on this course with the company, uh, then I would still have to look at if this course of plans that they have now are being executed, you Are they making good on those? And so far from where I got in and where they're at now, they seem to have, you know, made pretty darn good on what they've set out to do. You know, again, as far as the progress, a lot of progress and hopes that have come our way through means of Electroneum or the community hasn't seemingly came from the management team. Again, like, I don't hear the Electroneum management team, you know, saying a lot of the things I've heard come from the community, right? You know, I'm guilty of it. We're all guilty of, you know, falling in love with tokens and coins. And when you fall in love with projects, right, it can cloud your judgment a lot about looking at those projects with clear eyes, right? With open eyes. And sometimes you're going to miss things because you just love the coin so much, right? Uh, so that can happen, you know, and I'm sure it does happen to, to, to many of us. But I think the point I'm trying to make is whatever visions and future that we have of Electroneum, uh, is something that we've created. It's something that we have to really pay attention to what the Electroneum team is saying and what they are doing, uh, to really ascertain where Electroneum is going to be. right, that we do not really know, uh, what Electroneum's, you know, doing in that capacity. Now I want to talk about, you know, like, you know, for some of the people who still will say, well, you know, we don't know all that, then, you know, um, you know, if it, if it's not necessarily a bright future we can see, uh, then why are we involved in it? Um, you know, what's it going to mean for us going forward into the future? So Here's what I think. Here's what I would say. Um, looking at just the fundamentals of Electroneum, right? Then I'm going to talk a little bit about the charts and some data that's come up and, uh, what I think about that. But looking at the fundamentals of, uh, of Electroneum, right? There's something that exists in economics called elastic expenses and inelastic. Now the difference are, the differences are when something is inelastic, think about the root word elastic means it can stretch, it can change. When something is elastic, it can do that, right? It can, it can, it can change. It can, it can be stretched. It can be misshapen. It can be— you can, you can kind of be flexible. That's the word I'm looking for with elastics. Inelastic, you cannot. So what are some examples of inelastic resources, right? Or spending. Uh, it might be something like, uh, your electric bill, right? If it's freezing in the winter, you're still gonna have to pay that light bill to stay, stay warm, right? Uh, your gas for your car to go to work, you have to still buy so much of, um, gasoline. You're gonna have to buy a certain amount of food to stay alive, right? And so on and so forth. You, you get the idea. So how does this come into electronum? Well, I think we can pretty much accept that communication is almost on the level of the inelastic, right? Meaning we can't change that, right? I need to be able to communicate if I'm at work and I have children at home. I need to be able to call back home to those children, right? And make sure they're okay. If I'm in a business that requires a phone or communication, or I need to communicate with clients, I have to have access to a mobile device, and mobile devices require services and minutes and money and things like that to keep 'em going, right? So in this example, I'm kind of putting the use of your phone and your smartphones and your communication in the department of an inelastic expense. I gotta have a phone on, right? So you go to these regions, you go to these nations and countries like these, developing nations where they might need to use these smartphone devices and a variety of things for those very purposes. And they're so valuable, somebody else needs them, they're willing to exchange them for bread and milk and food and a variety of things like that. When you have a situation like that, that means the people have to buy the phone minutes. And why is that very important with Electroneum? Well, if Electroneum is dealing directly with these companies that supply the phone minutes, and you gotta have the phone minutes And it's probably logically going to make more sense that if you can now get these bonuses and discounts and more of these phone minutes that you so much need to do so many things, then it's probably going to make more sense to use services like Electroneum to do this. And so, you know, I think that in that particular situation, how they spread it, if they can connect with these, these phone, these mobile phone operators, right? That they're going to, they're going to be able to network through them. And the more customer base they have, the more better chance the demand for people buying Electroneum will be there. So it will be this actual demand. Now, why this is all important, guys, is because if you contrast that to a lot of other cryptocurrencies, well, the reality is I don't need Bitcoin, right? I can just use my MasterCard and Visa. I don't need to use Bitcoin. It might sound like a good idea to use Bitcoin. A lot of people might like Bitcoin. People like cryptocurrencies, but in the West, the reality is you probably don't need to use Bitcoin and you probably aren't using it, right? You aren't using it. But that would be different in those regions where phone minutes do so much and they mean so much, uh, to the point where you're trading them for bread. So you're gonna, you're gonna need to, you're gonna need to have them, right? And Electroneum can work, um, in a kind of synergy integrated into all of that as just, okay, let's move these minutes instead of, uh, me, you waiting for me, you trusting me and waiting for me to move these minutes over to your, to your device, uh, move this data over to your device so that I can exchange you some commodity for it. right? So that— there's a, there's a market there, right? And, and to me, that makes it a viable project. How viable does it make it? Does it— didn't that— does that then make Electroneum price go to 50 cents and a dollar, $2 and $3 or $500 or whatever? Probably not. But that doesn't mean it doesn't make it a good project, a good investment. Right? But again, as far as the hype cycle, that hasn't come from Electroneum, right? Another thing I want to touch on real quick before I get out of here that hopefully kind of, you know, makes sense and kind of brings it home is that, um, when you look at these prices, like fractions and fractions of a penny, fractions and fractions of pennies, This is what some people might call competitive pricing. So let's take Bitcoin, for example. If I'm, if I'm looking at Bitcoin and it's running around $4,000, and so I go, hmm, I know what I'm gonna do. I got $4,000. I'm gonna go buy a Bitcoin, right? I'm walking around. I got me one Bitcoin, right? Bitcoin goes up 20%. Uh, I still, uh, gain value and appreciation off that 20% on that $4,000, right? Or I take that same $4,000 and I go and I buy millions of Electroneum, right? Uh, so I go and do that or whatever $4,000 would get me in Electroneum right now. I do that, and so I got all this Electroneum, right? I'm like rich in Electroneum. I got so much Electroneum. If it just goes up, uh, I've got all this money. But it doesn't go up, it goes down. The reality is there's no difference between if you bought just that one Bitcoin for $4,000 or you bought millions of Electroneum for $4,000. It doesn't really matter, uh, what the price you pay for. What matters is how the value of it goes up. But, but, but here's what I think is the, the, the trap that we need to be careful of and how to consider cryptocurrency investments, right? And, and attractive pricing. And, and, and I'm gonna give you another example what happens in the investment business with attractive pricing. And just to kind of drive home to you that this is such a powerful tool that if it wasn't powerful, they wouldn't bother to do it. So with Electroneum, uh, it becomes very attractive. It becomes very attractive to put your money into Electroneum, get tons and tons of Electroneum, millions of Electroneum, and you're looking for it to appreciate, right? Because of the attractive pricing, but also the idea based on because they're so small and there's so many, they can go up easy. Right? Doesn't happen. In fact, it goes down. Um, that's what attractive pricing is. In traditional investing, they are so aware of this that when the value of an asset reaches a certain, a certain point, they start to split it, right? They don't have to split it. You don't have to split it. You know, you can, you can simply just buy so much of it just like you buy You know, um, uh, many other, um, many other, um, uh, uh, uh, assets. Well, I'm actually wrong. You can't unless you're buying through like a mutual fund or something. You have to do it that way. You wouldn't be able to devise it like a, you know, like a cryptocurrency, right? But, but you get the idea of what I'm saying, that they like to do stock splits to make it more attractive for you to buy it, right? Uh, you got more of it, right? You, you at least you feel like you're getting a, a bargain or a discount, but the reality of it is not really doing anything. It's not doing anything to that. Uh, and so I, I think with Electronum, that actually leads over to more of the hype, right? In fact, I got so many of these things, and so, so you're hyped up. But again, that doesn't originate with Electronum, the company, right? That, that is part of our mental landscape into what we should get in a, in Electroneum, right? So looking at the, um, uh, how Electroneum goes forward into the future, their management team— we're not the management team, so either way we cannot affect, we cannot affect the price of Electroneum in that way. Uh, now As far as communication goes, uh, I would say as far as communication is within a business, within a professional business, that from everything I can ascertain seems to be how Electroneum handles itself, right? You go to the Electroneum building, they have an operation. You know, they don't just show up there and there's nobody there. It's a warehouse somewhere. So they're in this office and they're doing something all day, right? And the idea is that they're conducting business, right? They're doing something for 8, 12 hours, however long they're in there, they're doing something, right? Let's just go with that since I haven't been there. Many of you all haven't been there. I think Mick Ambrose, right? He did the interviews, he was there. And so maybe he got a chance to see what they're actually doing in there. But as for me, I haven't been there. Many of you all haven't been there, but, but we understand that there is an office. We've seen it on the interviews. We know that it's some kind of business going on there. Right. But the reality of it is a good business also understands how to communicate with its investors, right? And so as Electroneum communicates with us and they, they give us the information that, uh, they feel we need to know, uh, they feel they've given us all the information we need to know. Now, now we might not be satisfied with all the information, but at the same time, uh, you know, I, I guess you could kind of look at crypto YouTubers as a type of, uh press. But really, at the end of the day, you know, crypto YouTubers aren't, you know, we aren't the, we aren't the press association, right? We're really not that. We're, you know, it's not really our jobs to go into the Electroneum company and, and have them give information over to us that they should be communicating to us anyway. So, uh, I guess the point I'm trying to make is it's up to Electroneum. Is Electroneum going got a job to have a communications officer, right? To have a communications department that deals with investors, and they should be reaching out to us, getting us that information. And when Richard Ells does these videos, I'm not saying he's not doing that. He is providing us information. Maybe to him, that's all the information that needs to be provided. We may not be happy with that, but they are the management team in that regard, and they are communicating something to us. May not be what we want, but That's, you know, that's what it is. But that's, you know, that's pretty much all I want to say about that. You know, you know, looking at what Electroneum is, where it could possibly go, why I think it does have some fundamentals there to support it. Oh, let me touch the charts real quick. So there is this person, and I actually respect the guy, his name is Da Vinci, and many of you probably well know, know who Da Vinci Well, you know, if you don't know who DaVinci is, he's a, he's a, I believe he's a computer programmer. He's, he was one of the first people to really, really push Bitcoin and the, and the, um, and the possibilities of Bitcoin, right? When like people weren't hardly talking about Bitcoin. I believe it was about his first videos or one of them was back in 2011, right? And, uh, you know, like many of you in 2011, you probably was looking at Bitcoin if you came in contact with it, if you even knew what it was going, what is this? Maybe it's just a fad, it's pumping up, it's going down, there's not much liquidity. Uh, you know, we got PayPal. What, what is this exactly? What are they talking about? And so he was back then really, really pushing Bitcoin and he was reading the charts and telling us why we need to be in Bitcoin. And so if he took his own advice, he should be like a billionaire by now. But, but anyway, a lot of people respect him. He's, he's kind of given this title of oracle. He's good at reading these charts, doing this technical analysis. Uh, and I believe in technical analysis when it's coupled with fundamentals, right? When it's coupled with fundamentals. And we also have to consider that, you know, it's a lot of market manipulation going on. This isn't like the, um, this isn't like the, uh, traditional investing. This isn't the, um, the New York Stock Exchange that's going to be shut down, trading is going to be halted when you have these erratic, huge price declines, or, uh, that's not going to happen in these markets, right? So we don't know, you know, how much manipulation and wash trading goes into that exactly. But what we do know is, as far as the data we receive is how cryptocurrency is put together, that we— that is the only data we can consider, right? That's why price is important. That's why chart reading is important. That's why fundamentals is important. They all are important. You can't just say, don't worry about this, don't look at this. And this and that, uh, because these— this is our polling data. Otherwise, we have to just go upon what somebody says, right? We, we don't have any way to, to, to look into this, right, other than that. Um, and so, uh, he, you know, does this show about electronium, and it's not a good show. You know, it's a real bad show about electronium, and a lot of people have seen it. It looks terrible. Right? He's talking about looks like it's insider pumping and dumping and a lot of other stuff. And I pretty much respect DaVinci. I don't think he's the type that really specifically has any reason to hate Electroneum. I would like to believe he's just giving the data as he sees it on the charts. But you know, uh, that, that's what he came up with. And you know, uh, that is just technical analysis though. And I would remind everybody that You have to factor things along with technical analysis, right? That's how, that's why you never really see me doing charts in, in cryptocurrency because I don't like doing charts in cryptocurrency. I, it's really charts and cryptocurrency unless there are only time I would recommend technical analysis in cryptocurrency is if you're like a short-term day trader. That's about it. Other than that, I think TA in cryptocurrency is just, for me, it's just baloney. But you know, you, you do what you, what works for you. But anyway, well-respected guy, he didn't have good things to say about Electroneum in his charts. He, he had a story to tell about it. Where I'm at with it is I see it as going into a market of inelastic resources, and inelastic resources means you have to buy some. Something. And when you have to buy something, that means that there's a demand. When anytime I can go, I don't need to use this to survive, I don't need to use your product, it— my life is better if I don't use it. If I could say those things, then yes, um, you know, I don't need to use your product. But if, if I say not only do I need to use it, but it's better if I use it, there's more value if I use it, then that changes that, right? But guys, that's all I want to say in this video. I hope it was somewhat helpful. I, I hope it touched on some of the concerns in the community and, uh, maybe a clearer picture of Electroneum. Uh, but that's all I wanted to say in this video. If you like content like this, don't forget like, subscribe. Don't forget you can pick up some free Electroneum going on our website. We'll leave a link in the description, as well as run our Electroneum contest where you can win some more Electroneum. That's all I wanted to say. Till next time, guys, take care.
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