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Encrypgen (DNA) Nearing Another Major Milestone

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Encrypgen
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Despite a short-lived Bitcoin surge above 4,000, the past few weeks and months have been a relatively quiet period in cryptocurrency.  Given the lack of trading opportunities, traders should devote more of their time to researching strong companies that are on the verge of transforming industries.  One such company is Encrypgen (DNA).

Encrypgen Value Proposition

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 extra security provided by Encrypgen is extremely necessary given all the recent privacy issues that 23andMe and Ancestry have had.  So rather than hand over control of your DNA to a testing company like 23andMe, consumers can safely upload and secure their raw data file with Encrypgen’s Gene-Chain.

The Gene-Chain went live late last year and has been a raging success thus far.  With each passing day, additional data sets are being uploaded to the Gene-Chain.  Once uploaded, researchers can purchase the data directly from consumers (with the consent of the consumer of course)!

Gene-Chain Emerges

Although many crypto companies have disappointed token holders during the past year, Encrypgen has done just the opposite.  The company has done what no other company in its industry has and that is launch the world’s first genomic data marketplace.  Since that announcement late last year, Encrypgen has continued to announce exciting news and major partnerships that will lead to increased usage of the Gene-Chain.

Impressive Partnerships

The first of those partnerships was announced in late 2018 with Murrieta Genomics.  The second partnership was announced in early 2019 with viazoi.  The partnership with viazoi is especially exciting as it will do a lot toward increasing the amount of data sets on the Gene-Chain.  As the number of data sets increase, so too should the token price as researchers will be eagerly waiting to buy more data.

Given all the success that Encrypgen is having while so many other crypto companies are struggling in the current environment should give DNA token holders a lot of confidence.  And that confidence will be bolstered even further as the company is nearing another major milestone.

Encrypgen Nearly Finished With ERC20 Integration

The initial premise of the Gene-Chain was that researchers would be able to buy DNA tokens directly on the platform in order to purchase genomic data.  In order for that to happen, Encrypgen had to complete ERC20 integration.  For those that don’t know, ERC20 essentially defines a common list of rules for all Ethereum tokens to follow.  This ensures that Ethereum tokens of different types will work the same in any place within the Ethereum system.

The plan is for researchers to have two options in order to buy DNA tokens.  The first, and primary option, is for researchers to purchase DNA tokens directly on the Gene-Chain for a small markup in token price.  The markup would essentially allow Encrypgen to generate extra revenue in order to fund operations.  The company would then go to the exchanges in order to “re-fill” its supply of DNA tokens.  The second option is for researchers to purchase DNA tokens directly on the exchanges.  The most viable option for that to occur was on Cryptopia but because of the recent exchange hack, that has had a bit of a delay.  But, the good news, is that it looks like Cryptopia is getting closer to re-opening.

Conclusion

Although many companies have disappointed the market during the past year, it’s nice to see Encrypgen continue to make solid progress on its roadmap, just as it promised token holders.  DNA is one utility token to keep an eye on as the future looks extremely bright!

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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.

Image courtesy of Tim Green via Flickr

Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Why Binance May Be Crucial for Tron (Trx) to Reach $1

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TRON
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TRON (TRX) has been one of the most popular crypto projects in the past year. The coin has received a lot of attention from the entire crypto community, and although the impressions may differ —  the fact is that TRX is one of the most talked-about coins, even today.

However, while the project managed to achieve a lot in less than a year — launch its MainNet, start multiple massive projects, launch dozens of dApps, hundreds of smart contracts, its own DEX, new token, and more — its price remains quite low. Undoubtedly, one of the reasons for this is its massive supply. TRX circulating supply is over 66 billion coins, while the total supply is over 99 billion.

Even so, the coin is believed to be massively undervalued, with its current price sitting at $0.028129, according to TradingView. This price, together with a market cap of $1.88 billion, pushed the coin out of the list of top 10 largest cryptocurrencies, and it currently sits at 11th spot. But, many believe that this is not a permanent position for TRON. In fact, its community believes that it is only a matter of time before TRON rises through the ranks, and its price hits $1. And, the way for the coin to achieve this is believed to be through Binance.

TRON and Binance

Binance is one of the world’s…

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Altcoins

Why Tron (TRX) Price Won’t Remain Low for Long

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TRX
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TRON (TRX) has been one of the most popular cryptocurrencies in recent years. The project has achieved a tremendous amount of success in less than a year, and while the first birthday of its MainNet is approaching, TRON certainly continues to impress to this day.

With that said, its price is still noticeably low, and many would agree that the project is heavily undervalued. The low price even allowed other projects to push it out of the top 10 list, with TRX currently being the 11th largest cryptocurrency by market cap. However, it is likely that TRON will not remain undervalued forever, and that its price might soon see a surge that its entire community has been waiting for, for a long time now.

Why TRX might see growth soon

As many undoubtedly know, TRON is a lot more than just a cryptocurrency. It has developed a massive ecosystem, which offers a development platform for coins, smart contracts, and dApps. It also acquired BitTorrent last year for its Project Atlas, which will allow torrent users to earn crypto through participation in content sharing.

For this purpose, it also launched BitTorrent (BTT) token, which saw its launch on January 28, 2019 on Binance Launchpad. This was dubbed the most successful ICO in history at the time, although several coins launched since then have broken its record.

In addition,…

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