|ETN at 378sats|
ETN is still strong and has excellent volume. It is the volume leader (or top 4) again on all Cryptopia markets again today. It has been trading strong volume everyday and is moving up. I explained ETN briefly in another post but the action and price rise is the result of the ETN development team creating an API that can be integrated in any merchant software. What it means is that any merchant can integrate the ETN API and people can pay that merchant with ETN. That may not sound like a lot but it is the first cryptocurrency API and they have instant notification of funds for the merchant, no waiting for confirmation. ETN has created an instant notification system that uses a sandbox to stop a double spend. Again, doesn't sound like much but it is important that any merchant know the funds are there right away, merchants cannot wait for the confirmations from the blockchain, that can take a while. As feedback comes back to the development team we may see some more price action. I cannot handle any community rah rah anymore so I watch the markets rather than haunt Discord, Slack or Telegram. Most communities exist on one of those sites. Telegram is also widely used by P&D crypto traders and cryptowhales so caution is required.
If you haven't got an account on a cryptoexchange then you may want to try it out. Very different from the stock market. I am a big fan of Cryptopia and think it is the world's best cryptoexchange, it has many features that are unique (and many have been copied). Cryptopia is in New Zealand. CEFS (Cryptopia Exchange Fee Share) is an ERC 20 Token hosted on the UBIQ blockchain. CEFS tokens were initially given to the B Class shareholders of Cryptopia so they could participate in the growth of the exchange. Each month a percentage of the trading fees paid to Cryptopia are divided up among the 6300 CEFS tokens. So every month you get a payment of the following cryptocoins BTC/LTC/DOT/DOGE/NZDT/USDT, you get some of each. The yield is OK, there are a few cryptocoins that allow you to participate in the growth of crypto this way.