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 that the public needs to be made aware of. The problem is that most genetic testing companies retain results for their own use so that the data can be resold to research and development companies. It would be better for people to retain control over their own DNA results and that’s where Encrypgen steps up to the plate.
Supply and Demand
One of the best things about Encrypgen is that the team has focused entirely on building the business. That means the team has been pursuing important research studies, consumers, and partnerships in an effort to build their platform called the Gene-Chain. The company is now involved in several active research studies and a future research consortium which are likely to add six figures of data profiles to the Gene-Chain. This should drive researchers to come to the platform, buy DNA tokens, and use those tokens to purchase genomic data straight from the consumers.
As we all know, the price of all investments is determined by supply and demand. Since DNA is a utility token, this supply and demand will come entirely from Gene-Chain usage. The more researchers that come to buy tokens, the higher the token price will go.
In approximately the next 30 days, Encrypgen will officially announce a new HODLING incentive program. With this program, token owners will be able to store their tokens in their Encrypgen wallet and receive a small percentage back of their tokens as “interest.” This will give tokens owners an incentive to keep their tokens in storage. This should work to decrease available supply. And, when researchers are buying the tokens in huge purchases, the price should soar even more than previously thought.
Traders should pay attention to Encrypgen’s website and social media channels in the next 30 days for details of the new HODLING program. This program is an excellent opportunity for token owners to increase their holdings (which have likely lost value since 2018) and help decrease the available supply which could result in significant price gains in the future.
I wrote an article earlier in the year proclaiming Encrypgen as my top altcoin pick. Since then, the company has made significant progress toward building its Gene-Chain platform and is now taken steps to reward DNA token owners.
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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.
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
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.
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,…
CoinFlip Scores Big with BRD Wallet Partnership
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…
Can Libra help the crypto industry to reach new heights?
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…