Since people asked really nicely and I love the ETN Community a lot, I’ve written an updated post of the one I wrote 5 months ago (on the Telegram ETN Price Chat) about why and how we will get to $5 by January 15th (mid January basically):
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We need to have a Bull Run (which is likely to happen since we have had one these last three years during Christmas).
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IPS needs to work (now it looks like it does 100%).
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ETN needs to have launched to the potential 105 Million users with the current VMNO (Telecoms) deals + My guess of an extra 200 Million user reach granted by the unannounced “Monster Deals”. I expect at least a 10% adoption rate in the first 3 months. Also, we need Cloud Mining on Android since 3rd World countries don’t always have 4G/WiFi access to the Internet on their phones.
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People that will have adopted ETN in the 3rd World via the Telecom deals will need to be able to spend it in their local shops. In those countries, the 3 dollars they get for free per month is like 166 dollars per month for an American (1 is worth a lot more over there = they get to buy more bread with it there than in America). This means that local shops will have an incentive to capture that new money that was just injected into the market: They would, for example, accept euros (€) if a lot of people in that area got free euros (€) per month worth 3 dollars (166 for Americans). ETN’s API looks solid and integration appears to be easy enough with the “Receive” function on the phone App.
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Once all of this happens, 2 crucial things will come into play:
1- A REAL USE CASE will become a reality. This translates into value because it is used to buy everyday items and services and it helps people with banking in the unbanked world (this helps with remittances).
2- MORE USERS THAN BITCOIN (or any other crypto).
These two factors will bring hype to ETN, thus, more people will know ETN exists and that it is a good coin, for it will have achieved a great deal, and so, more people are likely to invest in it. -
Mainstream Media will talk about ETN, just like they did with Ripple last year. ETN is lucky to have a proven marketing genius like Richard Ells to go on TV and get interviewed by the journalists. He will smooth talk and sell them the ETN vision of “Enablement Currency” which sounds fancy ans all but really means “We want everyone to use our coin and get free money, banking and an electronic payement solution with it”.
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ETN will get the attention of the Institutional Investors, the Whales of this World, which are really smart and will instantly notice ETN’s real ambitions and they will invest in it to profit (just like all of us, original plebs, are doing right now). Because of this new money now flowing into ETN, it will LEAD this new Bull Run with unrivaled % gains, which in turn bring the next and final point.
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FOMO starts kicking in. FOMO will kick in like you have never seen before as this new Virtual Currency works in the real world and it’s used to buy bread since a lot of people in 3rd World countries will use it everyday. Seeing this, other MVNOs will want to get a piece of this free $1 worth of ETN per user per month. Vodafone has more than 300 million custumers, this means that the CEO could make his company 300x12 = 3600 million dollars FOR FREE (I bet he would get a big fat bonus for that), best case scenario. Worst case, with a retention rate of 10% he would make 360 Million for free. This is only viable if ETN’s price jumps a lot since ETN’s current Market Cap is somewhere around 166 Mil.
If all goes well, ETN will explode in 2019.