Every coin is mooned to 7 or 8 cents, except ETN. Would like to understand how come a coin which has been in limelight for long time is not gone up much? Any reason?
You know I been kind of market watching and just looked at the ETN charts and its a very valid question your asking. Though at the moment I do see a little slight market weekend correction happening, very short term one so I don't think that is the actual effect going on with ETN.
Issue I am seeing, and I coming probably more from a personal perspective about ETN at the moment by long term testing and still kind of sorting if this is something I want long term. The mobile miner situation is still a huge mess and I think that is the key area past all this talk of fork fixes for ASIC resistance that the team probably should be more focused on.
I just came from the ETN Twitter, I been waiting for my mobile miner to pay out 300 ETN now a month. Its chump change, not a concern for me personally but I am noticing I am not the only one still seeing this non payment issue. Its all over the Twitter heavy, and I am pretty sure serious investors are also seeing this. I see community guys bashing the people inquiring about this issue, basically the tone is well its only a few bucks, quit whining, which I haven't even posted but I kind of think that helps further put people off.
This is the only advice I can give this team about this issue, step up and get those people paid before more negativity spawns outwards. See I have also a mining farm, and I have been testing the mobile miner to see if it keeps working and so far it hasn't really at all. Mining ETN with my mining farm is not cost effective, to do this right now would be a leap in faith of hopes that it rises but if I can't see a mobile mining platform actually pay the mobile miners, then I wouldn't really feel wasting electricity on bigger hording schemes is going to be wise on this coin at the moment. So I kind of figure that may also be in the back of the minds of investors, I used to day trade and I did my research on every investment I made so I would guess most of those guys are seeing what is happening with payouts and user experience.
This is designed for that android app, but it doesn't work....plus they are pushing for IOS in this state so I hope by then they fix this problem. Granted many users did get pay, but its so random and I talked with a lot of people where it isn't working for them like myself. So I will probably avoid diving too much more into ETN personally. I do expect it to eventually rise, most people know of this coin and the concept if followed through with some fixes should in turn rise the price.
I work in crypto actually, been involved marketing for top tier coins for years but what usually made those coins go up, they took the time to fix all issues then market so the public eye isn't so on the negatives, right now its bad for business for competition to have ammunition against a coin. I still hold quite a bit of ETN because I mined on it with my GPUs early on, and I hold those because its just not a valid time to sell. If this coin fixes this user related madness then most likely it will turn around. The plain truth is, its meant to give users on mobile devices a way to mine and make a little coinage for paying services. But if you leave and app open for over a month and it doesn't pay, does make a user wonder if its worth the time. A month is a long time, kind of past holding that old trust factor
So honestly I think its as simple as that with the exchange prices. Once that user experience is adjusted and corrected, then probably more will hold and go in and buy volume. In the state of affairs right now, your basically buying into something that promises a service but its kind of hit and miss with that service working. This team works hard, I see it in videos but they have to finish the error fixing I believe to get the bigger investors to feel secure in mass adopting this more in their portfolios. So its really just reflective market prices of the moment, something that can change at any given moment per what the team does about it