Electroneum revealed on its official twitter page on September 17 that the coin’s website was the most visited cryptocurrency site in Brazil, overtaking Bitcoin, Ethereum and some other coins.
According to reports from Alexa ranking, Electroneum had its greatest traffic from Brazil followed by the USA and India. This is great news for Electroneum as the three countries are major economic giants in their regions.
Brazil is regarded as one of the crypto-friendly nations in the world with the country accommodating blockchain technology at a fast pace. Brazil is the fifth largest country in terms of crypto ownership and richest Latin America nation.
This bodes well for Electroneum as it gains a high level of engagement in the South American nation and could help drive its adoption.
Several Electroneum enthusiasts replied the tweet with delight and majority implied that this will bodes well for the coin in the long term.
Electroneum Has Rebounded After A Difficult Start to The Year
Electroneum has endured a difficult 2019 price-wise, with the coin dropping out of the top 100 ranking based on market cap, despite its initial optimism. However, the coin has shown good recovery in the past two months, returning to top 100 with a current position of 88 on the market table.
There have been signs that the coin is slowly moving towards its objective of bringing blockchain payments to mobile devices. Its mobile device M1 which was released earlier in the year has been well received by the crypto community.
In addition, the blockchain firm has also worked on its problematic cloud mining protocol which has attracted more crypto enthusiasts to its platform. Electroneum has also managed to create good awareness in South Africa with a growing number of merchants accepting the coin for payments.
As at the time of writing Electroneum was one of the biggest gainers in the last 24 hours. ETN currently trades for $0.004449 which is an increase of 4% in the last 24 hours. Its market cap is $43 million with a circulatory volume of $339,538.
With such a gain in the past 24 hours coupled with this news, it will be interesting to see whether the coin can embark on a bullish run in the coming days.