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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?

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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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Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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