Electroneum is a new cryptocurrency launched on November 2017 through an Initial Coin Offering. This is the first British-made cryptocurrency. Of course cryptocurrencies are not entirely a new concept with bitcoin being around since 2008.
Knowledge about cryptocurrencies has been on the rise with many people opting to buy the coins and hold them until their prices increase.
For example a person who bought bitcoin in July 2010 when it was worth $0.04 would have made over 140000 times his initial investment by October 2017. Bitcoin now trades at around $5600.
There are many advantages to investing in a new cryptocurrency like electroneum. First you would be investing a lot less money for one coin as compared to the already established coins and it will generate you passive income streams.
The coin is currently trading at $0.01 and predictions put it at $0.75-$1 in the next 6 months. That is 100% increase in value within the next half-year alone.
Seeing as how most cryptocurrencies start out small and end up exploding in value, I would advise someone to invest in a new crytpocurrency rather than spend a ton of money on the already established coins.
Electroneum is a unique cryptocurrency in that it is meant for the mobile market. It has a unique blockchain that makes it easy to manage the coin and even mine the coin on your mobile phone.
This gives electroneum an advantage over any other cryptocurrency. Most coins are difficult to get hold of and spend with transactions taking too much time. With electroneum you are guaranteed instant transactions right from your mobile phone.
Also electroneum has a larger number of total coins that will be mined at 21 billion. This compared to bitcoins 21 million makes the coin more realistic in daily transactions.
If you wanted to buy something worth $5 using bitcoin you would use 0.00089286 bitcoins. Some people could find this rather confusing. Electroneum seeks to reduce the confusion by making the figure more of a whole number.
Hence electroneum is the cryptocurrency to invest your money in. It is highly recommended to invest early to make maximum profits.