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3 Altcoin Turkeys Being Served for Thanksgiving

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Happy Thanksgiving everyone. Can you believe the holidays are here again? It seems like just yesterday we were readying for the great altcoin bull run of 2017. Last year around this time, Bitcoin (BTC) became a household name as futures contracts permeated the chat rooms on our social media sites. Everyone around the water cooler was discussing their new investments as the topic of cryptocurrency went mainstream. A lot has happened since then. And while many of us are still waiting for our initial investments to catch a break, new and exciting crypto-choices are presenting themselves to a savvier public.

Unfortunately, many newcomers to this wild-west of markets will get caught off guard as their investments are stripped of their packaging and the product behind the fanciful wrapping reveals a lump of crypto-coal. Like a child saddened by yet another pair of socks left under the Christmas tree, investors without experience in the cryptocurrency arena may be disenchanted with their top-picks after the hype that brought them to the table wears thin.

So as the US readies to feast with their loved ones during a well deserved holiday break, it may be a great time for all of us to look a little deeper into our crypto-investments and shake out the poor performers before the new year. After all, none of us want to get caught holding the bag for an overvalued company during the next bull run. So put down the eggnog for a minute and open up your wallets as we explore three turkeys that might just ruin your holiday spirit!

The first turkey on my shortlist of under-achievers this year is Vechain, whose token (VET) sits at just under US $.01 as I write this words. I never have been a fan of sensor tech, but this overcooked bird keeps sinking further as it’s mainnet fails to impress a new investor class.

Vechain has introduced a dual token system recently, though Vechain Thor (VTHO) cannot yet be traded on Binance. Like NEO and the GAS that users are rewarded with for hodling the NEO token, Vechain Thor is rewarded to the bagholders of the VET token. Vechain is down from highs reaching over US $8.00 under the VEN token in early in 2018.

Next on my list of stuffed birds to avoid as we ready for 2019 is ETHLend (LEND). ETHLend (LEND) started the year as an altcoin favorite of mine. Attempting to disrupt traditional banking with peer-to-peer loans based on an expanding list of ERC-20 coins, Ethlend (LEND) stood out from the pack with this interesting and lucrative concept. The dApp developed by the Ethlend (LEND) team failed to excite investors however, and adoption slowed as the market sank.

While this token showed potential at the end of 2017, the current move out of the ERC-20 market will likely intensify in the near future. And as Ethereum killer platforms make headway, Ethlend (LEND) may get caught in a negative feedback loop of their own creation. Ethlend (LEND) now sits at US $.01, down from its high of over US $.40 in January of this year.

Finally, (and I may catch some flack for this one) a top 5 crypto-turkey I am personally avoiding this year is Bitcoin Cash (in any of its derivative forms). Having caused a crypto-panic recently with its hardfork, the resulting fight between awkwardly named products leaves new investors with a difficult choice. BCHABC and BCHSV are now caught in all out brawl being played out on your favorite exchange. The result will likely be a product somewhat less popular than the original Bitcoin Cash (BCH) could have become without the infighting and disruption of the current hard fork.

What will new investors think about the newest Bitcoin Cash derivatives? I’m not sure they will think much about it at all, as more attractive currencies make their way into the forefront of their minds and wallets!

Whatever coins you choose to invest in with your hard-earned fiat is up to you! And luckily, most of the coins available on your favorite exchange have a great chance of making you some gains in the next bull run. Some, however, will need some extra gravy to remain palatable. While the crypto-turkey’s presented here may have been fine holds in the past, the new year will bring new challenges to be solved and new products to catch our eye. Relying on yester-year’s investments might not make as much sense as we once believed. And as we get ready to celebrate our holidays over a fine assortment of fantastic foods, it’s a great time for investors to watch their wallets, before being stuffed!

Follow me, Micah C. Miracle as we blast off into a new year! You can also catch me on You-Tube!

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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