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.
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.
XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…