Connect with us

Altcoins

Encrypgen (DNA) – Top Altcoin Pick for 2019

Published

on

Encrypgen

Enthusiasm appears to be coming back into the market on the back of Bitcoin’s recent surge, and it’s now time for traders to re-evaluate the coins that belong in their cryptocurrency portfolio.  A powerful influencer on Twitter recently posted that the current environment feels a lot like 2017 in that micro caps may be setting up for a powerful bull run.  During the past year, I’ve written a lot about the potential that Encrypgen (DNA) has.  And while many other companies have disappointed their token hodlers, Encrypgen continues to demonstrate why its platform will stand the test of time.  As new money continues to come rushing into the market, and Encrypgen continues to exceed expectations, there is no doubt that the DNA token belongs in your portfolio!

Major Milestone Achieved

Encrypgen’s team, led by David Koepsell, recently announced that the final functionality was completed for the Gene-Chain.  This means that anyone can use their ERC20 DNA tokens to buy and sell data.  Thus far, there have been more than 100 transactions recorded on the Gene-Chain and with the final functionality now in place, that number should begin to increase exponentially.  In January, I read a really interesting article that suggested Encrypgen could become the Amazon.com for genomic data.  That is certainly an ambitious goal but if any company can do it, it’s Encrypgen.

Although the Gene-Chain is completed, that certainly doesn’t mean that the team is done improving the platform.  In fact, there is an exciting new tool coming within the next few weeks that researchers are going to love.  Custom surveys will be added to the platform shortly which will allow researchers to gather additional data from sellers.  This is a win-win for everyone because data sellers will be additionally compensated, and the scientific community will receive additional information that can be used in their efforts to understand and improve medical care.

It’s important to remember that DNA is a utility coin.  This means that the value will be derived primarily from usage on the Gene-Chain.  The more data transactions that occur, the more likely it is that the value of the token increases.  Therefore, streamlining the transaction process as much as possible for researchers and data sellers is of paramount importance.  Encrypgen is doing all it can to accomplish that.

Partnerships are the Key

With the Gene-Chain now complete, Encrypgen’s team can now focus on another massively important task which is to enter into partnerships that will help grow the Gene-Chain.

The company has already entered in a couple lucrative partnerships that began in December, 2018, when Encrypgen signed a deal with Murrieta Genomics.  And then, one month later, Encrypgen did it again by partnering with viazoi.  Both of these partnerships will go a long way toward driving growth of the Gene-Chain and the DNA currency.  But that is only the beginning.

The goal is to have at least 10,000 users on the Gene-Chain by 2020.  But that number can certainly prove to be a low estimate if additional partnerships and deals are signed over the next 6-12 months.  Encrypgen hasn’t disappointed yet so there is no reason to believe they won’t succeed on this front as well.

Exchanges – Cryptopia, CoinExchange, and IDEX

As many of you know by now, Cryptopia suffered a hack earlier this year.  Since then, the exchange has been working hard to restore security and trading.  The company recently re-opened the website and has also enabled deposits/withdrawals and trading on many pairs.  Unfortunately, DNA has yet to be re-listed but it’s only a matter of time.  While traders eagerly await the return of DNA trading on Cryptopia, there are a few other options in the meantime.  CoinExchange and IDEX are both trustworthy exchanges that traders can have confidence in.  Unfortunately, there isn’t much volume at this time, but that can change quickly with more participation.

Final Thoughts

Encrypgen is making all the right moves to be the Amazon.com for genomic data.  The technology is second to none, and the growth will almost certainly come with additional marketing and partnerships.  I’ve never been more confident in a token which is why Encrypgen is my top altcoin pick for 2019.

For the latest cryptocurrency news, join our Telegram!

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.

Photo by Abhiram Prakash from Pexels

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Press Release