Sunday Summary 12-17-17

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Dear Electroneum fans,

In this weekly segment I plan on covering the news and price action from the week, as well as what I believe we will be seeing in the following week. If you’re new to this site, I cover breaking news relating to electroneum and post other relevant content and analysis. Make sure to check back periodically for posts and follow me on StockTwits @electroneum or on Reddit at @electroneummedia. You can also share these posts with your friends on social media using the icons at the end of the article.

Enough blabbering–what a week! I don’t know where to start; the wallet release, the Effortel partnership, and the price being all over the board! We’ve seen a lot of action surrounding Electroneum, and that’s a good thing. It means that this cryptocurrency won’t be disappearing into the abyss of altcoins that currently populate the market.

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1360 altcoins exist at the time of writing according to CoinMarketCap.

We’ve seen Electroneum rise to the rank of 44th in terms of market cap this week, which shows the amount of people behind this coin. It’s even surpassed one of my other favorites (Vertcoin) in market cap, and it’s stayed there.

The price action has been entertaining, to say the least. We went from a whopping 13 cents before dropping down as low as 5 cents after the wallet release.

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At the time of writing, Electroneum is just now rising past 8 cents, showing strong recovery from the initial profit taking. Next week, I think we will be seeing some more consolidation and steady rises in price back up to where it was before the wallet release.

If you didn’t read my previous article addressing the partnership between Electroneum and Effortel, you can read it here.

TL;DR, the partnership means Electroneum has big plans for their mobile miner, and they’re planning on widespread acceptance.

In terms of prediction, I think Electroneum will also announce another partnership similar to this weeks’, as they mentioned in their post that they had more announcements coming.

“At the time of writing this we have at least 4 MOUs (MEMORANDUM OF UNDERSTANDING) signed, and more in the pipeline, one of which is now ready for announcement… Effortel.” – Electroneum Facebook Post

What are your thoughts on this week’s news? Write your opinions and predictions in the comments below!

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Electroneum and Effortel: What does this entail?

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Electroneum’s news release on Facebook was cryptic, to say the least.

But what is our favorite cryptocurrency team trying to tell us through the cryptic acronyms and fancy lingo?

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They’re trying to gain some credibility, of course. What Electroneum hasn’t shown it’s investors and other interested parties is some solid plans for the future, and how they are going to get there. The delay of the wallet release really set them back in terms of investor trust, but by releasing news of their partnership with Jargon PR and now with Effortel, they are showing that they are serious about expanding their business and getting those critical deals to help them grow.

And seriously, what were they saying in their post?

After doing some research, I was able to understand the gist of the partnership. Effortel is a company that helps develop network infrastructure for mobile applications, so think of them as a parallel to Amazon Web Services. This partnership reveals that Electroneum is serious about releasing their mobile miner without the network deficiencies that their initial wallet release had.

A preview of the mobile miner.

Looking forward, we can plan on seeing more strategic partnerships being formed, and more trust being restored in Electroneum’s investors.

If you enjoyed this article, please share it with your friends. You can also donate and help keep me writing!

Electroneum Wallpapers

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Hey guys! Double post today since I’ve been seeing a lot of traffic on here.

I did some quick art for you guys, ’cause who doesn’t like a sweet crypto wallpaper? Make sure to share this site with other Electroneum enthusiasts!

Make sure to head over to my Donate page if you liked the content!

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Electroneum Wallet Launch

This post comes a bit late, but Electroneum just announced and released the wallets that we’ve all been hoping for. The surprising thing is that the anticipated price dump wasn’t nearly as bad as some of us predicted.

There are a couple theories surrounding this. Some say that the network backlog surrounding the online wallet is limiting some people from selling their coins, while others say that the majority of the ICO participants decided to hold.

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Electroneum price before and after the wallet release. High of 13 cents dropped down to a low of 5 cents.

As we move forward in the expansion of this coin to the mobile market, I think we will continue to see this kind of strength in the price of Electroneum. What are your thoughts on how this coin will expand in the future? Drop a comment below!

Beginner’s Guide to Mining

Hey guys!

Just a quick tutorial I found that might be helpful for some beginners looking into mining Electroneum. I’ll be posting other content that I have found useful along with some other op-ed stuff.