Electroneum: Successful Update/Price Prediction

Hey you, welcome back to the channel. And guys, today I want to talk about the successful Electroneum fork as well as where I think the price might end up as a result of the progress Electroneum's making. So guys, the fork was successful. I've looked at the blockchain browser. Electroneum does have its own blockchain now. Which is awesome. So understandably so, some people were a little bit disappointed. They expected a huge spike with everything that's happening, with everything that's going on, and that we will see a significant price change. We haven't seen that as of yet, and there are some reasons that might be happening. But before we get into that, I just want to say that even though sometimes progress or the effect of progress might come slow. It doesn't mean it's not coming, and it still has nothing to do with the progress Electroneum's making and the progress and things like that. Uh, I look at this as a delayed reaction in the progress. Uh, some people have said ASIC miners are probably dumping tons of mined Electroneum on the market. Uh, and some people have even blamed the, uh, Electroneum mining app, saying, well, if you're giving out the coins free? Uh, why would people have to buy them? So, um, I want to just say, uh, that with the Electroneum Miner application, I think that's an awesome idea, uh, giving out a few coins. Uh, this isn't a significant amount of coins that, you know, people can mine with, uh, through the simulated mining app, but what it does do is it gets people talking about Electroneum, holding Electroneum. Uh, obviously it's incentivized when you refer people and let people know about it. So I kind of look at that Electroneum just, um, moving that to the marketing department, uh, and, and I think that's the problem with other coins, that they don't have a marketing department, that they've done so terrible in their marketing department is why they keep having so many issues with the direction of their coin, with the overall cryptocurrency market, money going out as soon as it comes in. And I think Electroneum is going— is geared up to not only keep the money in, but to just have this large growth rate unlike we've ever seen before. You know, within a year's time, I can pretty much factor that Electroneum is going to be the cryptocurrency with the most wallets. That's just, you know, that's— I believe that's inevitable. It's going to be the cryptocurrency that holds the most wallets. And just having that reputation and having that ability utility is a value in itself. So, um, uh, so let's talk a little bit about price predictions. Still hover around that 2-cent mark even after the update, even after all the great news, that, uh, partnerships, deals signed, uh, one after the other. Um, and, and still our, our major, uh, crypto outlets aren't talking about it. So they aren't talking about it, but it doesn't matter because As you can see, the rate of Electroneum is still growing every day. More, the more miners are growing, more wallets are continually growing. And that's, that's even before the massive marketing happens. All of these partnership deals are kicking off now. Phone communicators, smartphone service providers that have millions upon millions, hundreds of millions of customers And, uh, um, I can see Electroneum getting a good portion of, of, of them from that, as well as, uh, just the, uh, the viral marketing that's gonna just happen naturally with how Electroneum works. So I think the future of Electroneum doesn't look even brighter. People who are dumping Electroneum, uh, are clearly to me people who have a herd mentality that don't understand real value. And so I think that could just be a problem in, uh, having it being business-minded. You know, we got a lot of tech people in this, uh, field, and, uh, unfortunately tech people don't always make good business people. Uh, that's why a lot of tech people have to hire CEOs and marketing directors and chief operations officers to run their companies after they create the technology, because They don't understand those things. But let's get into some predictions. So first of all, my prediction for Electroneum. First, I think it's going to make it to the top 10. I'm predicting it's going to hit the top 10 of cryptocurrencies within a year. And I know that might sound like dream territory for some, but let's just think about it a little bit. Unlike these cryptocurrencies that are in existence right now that are working with this $300 billion market or $400 billion market, and this money's going in and money's coming out, Electroneum is geared up to reach millions upon millions of people to make it easy to enter the cryptocurrency market unlike any other coin out there. So their growth transcends what we're getting in the cryptocurrency market. You know, people not knowing what Bitcoin is and various things like this. This is going to transcend that because it's going to be so easy for people to get involved and pick up a few coins just through their cell phone, and it's not doing anything to their cell phone. So, okay, I got a few cents, so I know a little bit of something about this. Oh, this is all you have to do with cryptocurrency. This is how it works. All I gotta do is send money over here and my friend got it over there. Oh, it's only 2 cents. Oh, blah blah blah blah. And some people say, oh, I don't mind putting a few bucks in. Then they start buying up Electroneum. Right? And there is just no ceiling to where that can go. Electroneum could, in idea, easily end up $200 billion. Now, just to be very practical about it and to be more realistic about it, I would say within a year Electroneum is going to reach $1. And so you're talking about, about, about a 50x gain. This is my opinion. And that would only mean that its capitalization would only be around $20-21 billion, which, as we get into the top 10 here, you're seeing that, you know, these companies are reaching that. And in the top 10 here, they're not even— you don't even have to be the top coin in order to do that. Now, That obviously will require, uh, Electroneum to be, uh, worth about $21 billion, uh, but when you consider that Bitcoin is holding over $120 billion right now, and market capitalization with the bad marketing's been done with Bitcoin, and you compare that to Electroneum, which is going to easily, uh, problem-free introduce people to cryptocurrency, and it's going to go viral through incentivized partnerships and people like you and I who are telling people about it and being incentivized at the same time. This incentive is giving people a reason to push Electroneum, right? Unlike other coins, there's no urgency. There's really no reason for me to go out and tell my friends to buy Bitcoins, right? It's a, you know, I mean, it's It's interesting and cool, but I'm not gonna sit up here and take several hours to explain how Bitcoin works to them. I'm not gonna hold workshops on Bitcoins, you know, on how to use it, or Ethereum, or Ripple, or any of these. But now what I would do is I will say, hey, just pull out your cell phone, download this free app right here, and all you gotta do is hit this button, hit that button, and you're in the crypto. It's that easy. Now you can send money to anybody in the world. And I've explained that to them. I've done that for them in 5 minutes. right? Without setting up wallets and all of this and that and going through all those problems, right? And so, and then the effect of, you know, what other countries, people getting involved with them, people were mining a few cents a day, is actually going to be worth something. They're gonna spread viral and tell other people. So basically what I'm saying, guys, the bottom line is I think that for Electroneum to be worth $21 billion, but to be the premier marketing arm of cryptocurrency. I think it's very realistic. In fact, you know, Electroneum, you know, as we know, has already hit the 20-cent mark, you know, so it's already, you know, been 10 times its value. So it's not impossible for it to do that, to get up to those levels again. But I think it's going to hit 50 times. I'm giving it a year. So what— wouldn't it make more sense, just, you know, in my opinion, uh, you know, uh, to, uh, invest in something like Electroneum, uh, that possibly going to give you a 50-time return? And if everybody, uh, takes a look at Electroneum that has an awesome plan, that has an awesome direction, and just puts a little bit of money in Electroneum, that's going to be very easily achievable. And I just— it boggles the mind why people in cryptocurrency can't see this. You know, have they— some of them are business people— have they not taken a marketing class whatsoever? Do they really think this technology is intriguing the masses of people so much? You know, people, people, the average person, and let's You know, let's really look at this now. The average person wants a product they can use easily. You know, they're not whiz kids, they're not technical geniuses, and nor do they care about that stuff. And so a lot of excitement that's dancing around the money that's coming into cryptocurrency, the venture capitalist firm that can invest their money now and 20 years from now get a return, they're fine with that. Uh, these people in the interim, uh, or even in the near future, uh, aren't gonna, you know, be anything that's going to speak to the average Joe, the regular Joe. And the average Joe is what drives the market. It's only when you get the average Joe in, um, you know, like I know a lot of people don't know anything about investing in stocks, but they have 401(k)s that invest in stocks, right? So through the average Joe's inclusion into the market, that's when you have, uh, basically, uh, the, uh, success of the market. That's why the stock markets and the Forex markets are so huge, because everybody's in it, right? They're in it even if they don't understand it. They're in it because there are instruments, there are, uh, structures that make it so they don't even have to touch it. And you know, just like your 401k plan has a fund manager, you don't have to know anything about stocks, but everybody's involved in it because it's been made easy for you to get in it. And that's what cryptocurrency has to do. And that's the part of it they have to understand, that until we market this thing right, until we make it where it's important in people's lives, that it resonates to them, that they see see the value in it, uh, they're just going to keep doing what they're doing, and the big bucks aren't going to enter into the cryptocurrency market. So guys, that's my prediction, uh, that not only, uh, we can see a good value in the price of Electroneum due to just this structure and setup, and even in the current market, uh, we have in crypto, just with the current money we have in crypto, I think we could see, uh, Electroneum in the top 10. But seeing that again, that Electroneum transcends the cryptocurrency market as it's going out there and it's pulling people in that probably normally wouldn't be interested or care how it's structured and how I think it's going to work out. It's going to transcend the market capitalization we have now overall. So we're going to, we're going to see a lot more value in Electroneum overall. And I imagine that as it gets more popular, it, it then becomes the biggest wallet in crypto, has the most accounts in crypto, which no one else will be able to get close to or touch. I think that people are gonna come to the attention of that. They're gonna want to deal with us a lot easier and, and how it's structured. How to just send it from their phone and use it. I think that's the future of what's going to eventually happen to Electroneum. But anyway, guys, tell me what you think. Let me know if I'm too optimistic. If you think $1 is too optimistic within a year, 50 times return in a year, which I don't think you probably would get anywhere else in crypto. I could be wrong, but with the confidence that Electroneum gives me, I don't think any other coin gives me the same amount of confidence where I would be willing to put my money into it and expect to get about a 50x return within a year. But again, guys, that's just my opinion, just on how it was set up. Of course, we get monkey wrenches threw at us all the time in cryptocurrency. So you always want to only risk what you can, only invest what you can, only do what you believe in. And that's what I love about the Electroneum community as well. In the Electroneum community, people believe, really believe in Electroneum to the point even when it's not gaining, even when the market's down, they're still as excited about Electroneum as I am. Now think about what cryptocurrencies are out there that are going down or that aren't moving where the people are as excited about it as they were from when they got into it. It's not many coins can do that unless you really believe in the project and you really see a future for it. And right now in cryptocurrency, you know, that is hard to have a coin like that because everybody's at war with each other and everybody's doing the same thing and everybody's a step away from someone else doing it better. But the difference between something— what I see with Electroneum, which is a marketing coin, getting out there first and setting everything up first and marketing being first and getting all the customers first works different from technology. And if your coin is— if your device is pretty much about marketing, you can win by numbers, whereas with a lot of these technology coins, they lose with who has the most tech, right? Like who comes in with the latest, better way to do stuff. Right? Um, but that still doesn't, uh, overshine brand effect and marketing, which is Electroneum's building up. So anyway, guys, that's all I, I want to say. Tell me all what you think, um, and let me know what you think the price of Electroneum is going to be in a year. Guys, you like content like this, don't forget to like, subscribe, and until next time, take care.