I certainly don’t think this will hurt, but we have to temper our expectations on what it will do to price.
Apple phones are 1st world luxuries and are a fraction of the market share that Android phones possess which is ETN’s target market.
The miner as it exists today has struggled to get over 125k users on a much larger and more readily available android market share. This tells me the mobile miner is not spreading as we would like (yet). Adding Apple will boost the mobile mining, but I’m not sure by how much in the short term.
We are still in a bear market and everyone is still full of FUD. I don’t care how much good news ETN could release in the current time, a bear market acts as a black hole sucking the life out of everything. While we may see a small boost in price, I don’t believe it would be sustained and would drop back down.
Until the bulls start to show their presence, I don’t know if any news would amount to much of a spike in the current environment. People are too on edge to get behind anything right now. Right now everyone is too focused on figuring out where the bottom is…not the technology that will propel it far from that bottom.
Outside of crypto, we have world markets on a descent as well, which means people have less money. Some may disagree with that coughStormcough but the charts do not lie. There is simply too much FUD both inside and outside of crypto that people simply don’t know what to do…when the smartest thing people can do is put their money in the promising projects that have already fallen the most. I would say buying as much ETN as you can right now would not be the dumbest thing anyone could do as I don’t see it falling under a half cent. But I’m not financial adviser, so take that advice with a grain of salt.
Hopefully in Feb we will have hit whatever perceived bottom everyone is currently looking for and the growth phase is underway. That will be the opportune time to release good news to propel that growth exponentially. Right now, is simply not the time unless we want to see that news eaten and spit out by the bear and forgotten by all.