Many traders tend to be overly snobbish when it comes to altcoins, especially the altcoins that sit outside the top 100. They deem such coins worthless simply because they do not make the newsreels and have a modest market capitalization. In doing so, such traders miss out on a lot of money-making opportunities, because at the end of the day, its gains and profit-making abilities of the coin that matter, not its rank, market cap, or popularity.
Humble fundamentals - strong gains
Electroneum (ETN) represents exactly that class of altcoins - it occupies the 102nd positing in global ranks, has an unpretentious market capitalization of $42,3 million, and somewhat underwhelming average daily trading volume that rarely exceeds $2 million.
Fundamentally, Electroneum is also not a project that shoots for the stars. It has a small but devoted team that began devising a blockchain ecosystem in 2017, which has the following features:
- The project’s core product is the mobile application for low-cost international remittances in ETN and other cryptocurrencies.
- Proprietary Android smartphone with the pre-installed application;
- A blockchain-based freelance platform called AnyTask where users can sell their services for ETN;
- An online educational resource that is going to be integrated with AnyTask.