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Dogecoin (DOGE) Price Drops After Weekend Surge

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Dogecoin (DOGE) has had an exciting price surge in the previous several days, especially after news of Dogethereum, or DOGE’s plans to become compatible with the ETH network. However, it would seem that the excitement has passed, and DOGE’s price is dropping once more.

Dogecoin price surge surprises the crypto world

Dogecoin has started off years ago as a meme, and a lot of people do not see anything more than that when they look upon it. However, even though the coin may have started out as a joke, it has managed to surprise quite a few investors when its price surged a few days ago.

Dogecoin is often underestimated, but it remains one of the most mineable coins on the market. Additionally, it is often used in transactions, which increases its activity, and the coin is already more active than Litecoin or Bitcoin Cash. Despite this, however, the coin will likely not go anywhere due to the fact that it has an unlimited supply, which means that the mining will never stop. That way, its price can only get lower and lower, as there are more coins in circulation.

A couple of days ago, DOGE’s price suddenly jumped, possibly led by Gate.IO, where an entire third of its volumes are concentrated. The spike has reminded people about DOGE, and many even started talking about the coin getting on Binance.

In the meanwhile, there was also news of Dogethereum, a new DOGE project that will allow the coin to become compatible with ETH’s own network. Dogethereum will basically be a smart contract that allows direct swaps, which is how DOGE might be able to exist on ETH network. As usual, there are skeptics who believe that the project has no future. However, Dogethereum is still expected to launch soon, likely within days.

If it does happen, and DOGE gets to ETH network, it will be a perfect coin for micropayments, rewards, and alike. Currently, DOGE lacks a proprietary wallet, since its own has had a lot of issues lately. The flaw of the project is that there is likely going to be a need for a centralized party that would have to approve the asset switch, new Dogethereum’s issuing, as well as the release of Dogecoins that will be locked.

The excitement is over, as so is Dogecoin price surge

After an entire weekend of going up, DOGE price dropped by an entire 35% yesterday. The coin’s current price is $0.005199, and it still continues to drop at the time of writing. The drop came after the price surged by 70%. Luckily, the drop did not really have much of an effect on the rest of the market. Most of it is currently in the red, but the analysts claim that DOGE is not responsible for this change.

So, what happened to DOGE? Well, it might seem that the initial excitement regarding the Dogethereum simply blew over and that DOGE’s price is simply correcting itself. Many also claim that this is not the last we will hear of this coin and that it might go up once again as soon as Bitcoin makes a significant move. Another possibility is that Dogethereum coming to life will also spark a new wave of interest in the coin. It remains to be seen, and the next few days may be quite interesting for DOGE.

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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

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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