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Dentacoin (DCN): A Promising Blockchain Project

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Dentacoin (DCN)
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Within the past few years, the world of cryptocurrency has seen several innovative projects based on the famed blockchain technology. Some of those innovative blockchain projects have become a notorious and profitable investment for crypto enthusiasts and traders. The said technology has made a breakthrough and in many countries, citizens are transforming their daily life and offering a chance to lead hassle-free and quality life. Some cryptocurrencies have aimed at much higher prospects than walking in the footsteps of Bitcoin. Such a cryptocurrency is Dentacoin (DCN). In this article, we shall find out what Dentacoin has to offer its users and its recent performance as a cryptocurrency.

The Idea behind Dentacoin

Dentacoin is known to be based on Ethereum blockchain platform and is regulated by smart contracts making it an ERC-20 token which originated on 14th February 2017. The main idea behind creating blockchain based platforms is to disrupt the current industry and its policies by introducing a decentralized approach which is far easier, secure and transparent for its users. Going parallel to this ideology, Dentacoin is one such project. As the name suggests, Dentacoin is a means to support the dental community by disrupting the pre-existent dental care and services and improve their quality for people all over the globe. By introducing their cryptocurrency, DCN as a reward system, Dentacoin is promoting participation for their community.

Aims of Dentacoin

Dentacoin team and its community share the same goal of improving the dental health and services which are already available for people through government and private firms. In short, the Dentacoin foundation (formed on 3rd March 2017) is aiming to form a flawless dental industry community by rewarding people who make contributions in improving the platform or participate in it with Dentacoin (DCN). Consequently, the coin will experience a rise (due to its utility) and will enter major cryptocurrency markets. All of this makes Dentacoin an exceptional blockchain project which is striving to incorporate dentistry with blockchain. To achieve this, Dentacoin foundation is currently creating a dedicated community.

How Does It Work?

The co-founder of Dentacoin, Philipp Grenzenbach has named Dentacoin as the world’s largest blockchain health network. The system works in the following way:

A patient deposits a small fee every month to Dentacoin and in its exchange obtains ongoing healthcare and treatment ‘free of cost’ from a dentist who has participated with the platform. The dentist receives an ongoing basic income. The main reason for its popularity is also hidden behind the fact that users of Dentacoin are rewarded for using the platform and to take care of their teeth by Dentacoin supporting dentists. The constant improvement and releases made by Dentacoin is the reason why its community has been growing. They released Dentacoin.com v0.1 on 20th May last year and within a mere year the project has come a long way and is slated to release DentaVox Market Research Platform.

It is important to note that Dentacoin has already been integrated as a means of payment for various dental services by almost 13 countries. According to leading news agencies, the software application and cryptocurrency by Dentacoin foundation is currently being used by 35,000 users who are dentists, patients or supporters. The list of Dentacoin adopters is fast increasing as some of the leading German manufacturer of dental implants ‘Bredent’ have joined Dentacoin mission through its supplier Dentamed.

Upcoming Exchange Listing

At present, the Dentacoin community is hyped for its upcoming first Exchange Listing on OKEx. OKEx is one of the major cryptocurrency exchanges, for this reason, Dentacoin listing means the expansion of its markets further in South Korea where it sees huge adoption. Although the listing is still not confirmed and the voting procedure is currently underway. Dentacoin is presently available at some of the most market influencing exchanges such as Cryptopia, EtherDelta, HitBTC, and CoinExchange. According to market analysts and crypto enthusiasts, Dentacoin needs to grow its markets even more in order to secure more adoption of its platform and software applications.

Market Position

According to the data on CoinMarketCap, Dentacoin is ranked as 58th largest cryptocurrency at the time of writing. The individual price of each DCN is approximately $0.0011 USD which is going up at a rate of 13.47%. The total market capitalization of Dentacoin has recently reached to an approximate of $364 million USD whereas almost $1.3 million USD worth Dentacoin has exchanged hands past 24 hours. Due to the currently mixed sentiments of crypto markets, it’s too early to comment on how Dentacoin is going to perform in the coming days. But if it secures the OKEx listing and the goal of releasing Dentacoin Integrated platform then it’ll surely gain more positivity and try to reach at least $1 USD mark.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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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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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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