In this concise YouTube monologue, the host reviews Electroneum’s historical price performance, noting its all‑time high of about $0.20 and subsequent stability around a few cents, drawing parallels to Dogecoin’s price behavior. He highlights Electroneum’s upcoming migration to an Ethereum‑like blockchain that will support smart contracts and dApps, and explains the project’s new deflationary burn mechanism, arguing that a reduced supply combined with network growth (via Metcalfe’s Law) could boost the coin’s value. The speaker speculates that Electroneum may again experience significant price gains, possibly stabilising at higher levels, and mentions an anticipated launch window of roughly eight weeks for the new chain. He also promotes a related venture, BitcoinMYK, describing it as a similar low‑supply cryptocurrency and urging viewers to join its community for free tokens. The video concludes with standard calls to like, comment, and subscribe.
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Welcome back to the channel. I hope you all are having a great evening. So this is going to be a quick video today. It's not going to be very long. I'm going to tell you about some things going on with Electroneum. Um, And, um, it's interesting to take a look at Electroneum's price right now. Uh, it is, you know, if we go back to the, um, I think Electroneum has been as high as, uh, 2 cents. I'm sorry, 20 cents. That was its peak price, right? That was its all-time high, was around 20 cents. Imagine that if you, you're holding an Electroneum around the range, price range of 20 cents. And up until now, uh, I don't think many of us felt that would happen anytime soon again, but there may be some reasons to believe that we could see some significant price changes in Electroneum, uh, besides the, uh, present situation with Electroneum that it is going to release its own, um, I'm sorry, Ethereum-like chain, all right, that's gonna have smart contract capability. It's gonna have many dApps, decentralized applications capabilities, that they're going to be hopefully a great deal of development teams coming in and working with Electroneum. It opens up so many more opportunities for the future of Electroneum. But looking at Electroneum, it's not doing so bad in price. I mean, Electroneum, uh, over the years, right, you know, of course, again, we've seen that high peak at 20 cents. This was very early on after it came out of its ICO, but it's around the price Dogecoin stayed stable at for a long time. And I think that's very interesting because then it gets me thinking of Electroneum kind of like all of the great times I had with Dogecoin. Many of us love Dogecoin being stable around this price. It was so much uses to it because there are a great deal of uses when prices are stable. And some of us being kind of upset after Elon Musk brought it up to higher values, right, with the big fiasco surrounding Dogecoin. But right now, Electroneum is looking a very well utility-like cryptocurrency at this price. But based on new developments of now Electroneum being, uh, a burn cryptocurrency, we know that when supply reduces, uh, against network growth under Metcalfe's Law, value increases. More application, more value and use going into it. That the price can start to gain against a, uh, uh, a scarce supply, right? And that's what burning the cryptocurrency will be doing. So it will be burned. Interesting enough, it will become somewhat deflationary. And so that opens up so many more opportunities. Uh, we saw Electroneum several years ago, its next big leap in price after this 20-cent price range gain was around about 2 to 3 cents, right? So it did a 5, it went up 5, 6 times its value in a very short period of time and it held there for a while. This time there's a lot of optimism this may happen again, but what you're gonna get instead is you're probably gonna get more stable prices around that point. Uh, it might even be conceivable to believe we could see Electroneum start to demonstrate price gains similar to what it did, uh, when it got around 20 cents, right? So this is all very exciting news. Of course, we're still waiting on the blockchain itself to come to fruition, which, uh, uh, our last update, it was going to take, uh, about 8 weeks. And, uh, you know, we're probably now headed towards it coming online any day now. We will see. Uh, but will it impact the price? Uh, many of us believe so, especially with this, these new updates. Uh, I also want to just remind people about BitcoinNYK, the project we're working on. It's very similar to Electroneum, uh, in so many respects. Where it's gonna be a lot less cryptocurrency, or there are a lot less coins in BitcoinMYK. But I think that if you like Electroneum, you're gonna like what we're doing with BitcoinMYK. And I think much like Electroneum, we have been patiently getting our development together, getting our roadmap together, and fulfilling that roadmap With patience, but sometimes patience is the key to success. And so much like Electroneum, I think these are two projects marching on to a great future. But I'm gonna leave it there. Tell me all what you think about Electroneum as a burn cryptocurrency becoming very much so deflationary than it's ever been. I think it's about 21 billion coins if I'm not mistaken, or 28 billion. And what it's gonna look like and what that price is gonna look like in relation to that. But that's all I want to say in this video. Don't forget to join BitcoinMYK.com if you're not certain about what it is, but you are an avid watcher of the channel. If you're a believer in many of the projects we believe will do well, make sure you join, get free cryptocurrency over there and participate. And I think you're gonna be glad you did. Again, that's BitcoinMYK.com. Also, don't forget to like the videos. It may not— it may be free to you to like, it may not mean much to you, but it is of great value to us and it's free, something we like over at BitcoinMYK. So be sure and like the video, leave a comment, and don't forget to subscribe. Hit that subscribe button. Everyone who visits the channel will take a second, or it takes a second to hit that button, it's going to notify you of future videos and you might want to hear about Electroneum, and you're going to get that here from us. So that's all I want to say in this video. Until next time, as always, take care of yourselves and each other.
