BitCoin reach 10000 , Electroneum the futures of mobile mining
As you may have been aware of, Bitcoin has been gaining a lot of media attention lately. It's causing serious FOMO (fear of missing out) among people who have never delved in crypto before. Instead of 5 years, a lot of people have been asking what can happen in 1 year. So I'd like to share on the potential of Bitcoin/crypto within 1 year and how it affects Electroneum.The chart shows a feedback loop of a cryptocurrency (in this case Bitcoin) with big Network Effects. If you can recall what I've shared before regarding Metcalfe's Law/Network Effect, the value of a network is the square of the total users in the network where N = number of users and N² = value of the network. In simpler words, the more users a coin has, the more valuable it is exponentially.Based on the BTC chart support trendlines, I've come up with a prediction range on its price in a year, which is $20k being the most conservative (assuming a lot of obstacles happened), to $80k and beyond. So in a year, we can expect the crypto market to grow by between 2x - 8x, and you can expect around that much of ROI (return on investments) if you are HODLing BTC for a year. And when this is projected to the crypto market cap it will be at least $730 billion ~ $2.5 trillion.Now market cap doesn't define a coin's price, in fact, it's the other way round. But market cap is a psychological barrier and does affect how a coin is being treated, bar the cultism from BTC diehard fans. You can safely assume that the higher the total market cap in crypto is, the more room a given coin can grow. And in this sense, Electroneum can grow anywhere up to $10 (with more than $150 billion in market cap) and still rank lower than BTC.Is this $1 ~ $10 realistic and achievable in a year? Yes. How about ETN at $50, $100 or even $1000??? Very unlikely, if not utterly impossible.Achievable how? Let's take a look at the population of some of the countries where ETN's mobile mining experience can take off virally:
India - 1.26 billion
Indonesia - 258 million
Nigeria - 186 million
Philippines - 102 million
Vietnam - 95 million
UK (Home) - 64 million
South Africa - 54 million
A conservative number of viral apps is about 6% of the population (India's PayTM app has 10% market penetration). 6% of the market penetration in the above countries give Electroneum around 120 million users. This number is not even considering the crypto-active nations such as US, China, Russia, Japan and South Korea, who will trade ETN when it becomes popular.For comparison, Bitcoin has 16 million users at the moment, give or take. Frankly, I wouldn't be surprised if Electroneum's number of users overtake Bitcoin's. It's far too much easier to convince someone to download and use Electroneum's app immediately than Coinbase for a new user:
Coinbase app
1) Needs ID verification
2) Needs Paypal/Bank Account/Credit or Debit Cards
3) Even if you have Bank Account, it takes 4-5 days to get it approved to get your first crypto
4) Limited to developed countries only
5) Most coins look weird compared to usual fiat currency (many decimals)
Electroneum app
1) No ID verification
2) Start earning ETN without any payment
3) Transfer/Exchange ETN without Bank Account
4) Get ETN as your first crypto, immediately
5) Available to most countries, if not all (huge user base)
6) Looks natural with 2 decimals, easier to use for businesses/transactionsThere you go, let's ride this baby for a year and these scenarios happen:1) Crypto market grows several times over. AND
2) The large majority of people who are left out in crypto start using Electroneum as their first crypto.
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