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Encrypgen (DNA) – Top Altcoin Pick for 2019

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Encrypgen
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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.

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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.

Photo by Abhiram Prakash from Pexels

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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