Electroneum. Scam or not?

The year 2017 can be characterized in one word by the concept of crypto currency. The world seems to have been enchanted by the huge leap made by Bitcoin and the other secondary currencies, like Ethereum or Ripple, and invested heavily in the currency of the future. For those who, however, did not want to buy, there was the alternative to the minefield. The problem was one thing. To mine virtual coins you need an ultra-efficient computer and a lot of electricity. A lot of people complained that this alternative was not viable and gave up the idea. Well, there's a new criptomonedă on the market, Electroneum on his name, which can be mined with his cell phone. What is Electroneum? The creators of the virtual currency claim that this is the first criptomonedă that can be mined using the mobile phone. The related application is currently available only on Android, and can be downloaded by anyone. When you press a button she will do her job and start using smartphone resources to mine. Electroneum has the role of making the mined easier for those interested, no longer needs a top computer for that. The value of a Electroneum is not even high at the time of writing the article, it stands at $0.024850, but there is potential for growth. In addition, the mobile phone will not be drained by resources during this process, the platform adapting the computing power according to its use. For example, if the application running in the background sees that you need a smartphone at the time, it will reduce the speed of the "miners" and allow you to use the processor properly. When the smartphone is in "idle" state, the application will run at higher speeds. That's right, it's waiting for some impact on the battery.

An interesting promise to ordinary people, like us, who also want to have a virtual currency in their wallet. Not everyone can afford to keep 1 Bitcoin and not the cash equivalent in the bank.

Technology is interesting, reliably supported by people with industry experience. Their long-term plan is good, provide a currency for microtransactions, small amounts, and the possibility of mine on the phone. There are 2.2 billion smartphone users in the world. Only I have to myself 2 constantly, so more phones in the market.

Smells like a scam, huh?

I don't know, but yes, it smells. I'm saying this because his evolution is at least dubious. More specifically:

November 2, 2017 – ETN value: 0.09 USD, Volume 40,000 USD

13 December 2017 – ETN value: 0.11 USD, Volume 7,117,000 USD

7 January 2018 – ETN Value: 0.19 USD, Volume 44,290,100 USD, Market Cap – 982,425,010 USD

April 19, 2018 – ETN Value: 0.022 USD, Volume 1,050,470 USD, Market Cap – 153,524,777 USD

So my opinion is that the smart Boys used Electroneum's awareness to raise money, which they then turned into Bitcoin, and no one knows where they went. We're talking over 800 million dollars.

Is it worth investing or undermine electroneum? In my opinion..not.