Electroneum (ETN) has gained massive attention in the course of the last 30 days as the price of the token skyrocketed to obscure heights during the period. The world’s first mobile application cryptocurrency clocked the past month as the fastest growing in the top 100 cryptocurrencies, as it continues to target the $1 mark.
Know Your Customer (KYC) compliant cryptocurrency
Electroneum announced recently that it will be the first KYC compliant cryptocurrency in the world. The news came with much optimism through the Electroneum community as the crypto started its KYC compliance measures earlier in October. The process is set to officially begin on November 12th 2018, promising a new future in the world of cryptocurrency.
With the date fast approaching, ETN holders are growing more impatient as they wait on the miracles of the KYC process to fully take effect on November 12th. ETN price seems to have adjusted to the information running around, as the coin soared by over 50 ranks in the market cap rankings to place 46th on the Coinmarketcap listings.
Is another bump in price imminent on ETN as the D-day for the launch of the first KYC compliant cryptocurrency? I definitely think so.
Electroneum has seen its price create a psychological $0.20 USD support level in past fortnight after the release of the news. However, the coin is currently trading at $0.019262 USD, representing a slight half percent drop in price in the past 24 hours. The drop below $0.02 USD, signals an upcoming bullish momentum on ETN as the official date approaches.
The first at almost everything…
The success of a cryptocurrency at a time like this, when the market is trying to reverse the slump witnessed during the course of the year, lies in the creativity and innovativeness of the development team behind the project. Furthermore, success in the field calls for unique developments on the cryptocurrency project to stay ahead of its competition.
Electroneum became the first mobile app cryptocurrency offering its users an easy and efficient way to get cryptocurrencies especially to the newbies in the field. Furthermore, the cryptocurrency became the first mobile minable coin in the world albeit complaints from the users of the increased battery usage by the Electroneum app during mining.
The latest introduction of KYC compliance to ETN makes it a ‘world’s first’ three peat in the field of crypto by the Electroneum technical team through providence of unique and new systems in the project.
How does the first mover advantage benefit Electroneum?
Bitcoin was the advent of cryptocurrency, Ethereum the first smart contract technology blockchain and Tether, the first USD back crypto in the field. A visible pattern between the three coins is clear as they changed the world of crypto in a unique way. Due the first mover advantage, the trident remain top in their respective areas of transaction, smart contracts and stability respectively.
Electroneum has a bright future as it emulates the cryptocurrencies mentioned above as the first mobile cryptocurrency. With the coin basically unrivaled in area of mobile app crypto mining services and now the KYC compliance measures, ETN will soon reach the heights witnessed with BTC, ETH and USDT due to the first mover advantage it is creating.