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Why did WAVES Coin Experience 200% Surge?

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Despite the fact that the crypto market was far from perfect in 2018, and has actually suffered huge losses, investors have really tested their support for certain cryptos in the last month. Ever since November 14th, the entire market was nosediving into new lows, most of which were not seen in well over a year. Only a few days ago, on December 17th, did the situation start to change, and multiple coins started trading in the green again.

However, the situation was noticeably different for WAVES coin, which started seeing an increase in early days of December. Since then, the coin has seen a surge of several hundred percents, which has made it one of the most well-performing coins this month.

After hitting the lowest point of $0.97 on November 27th, Waves coin started growing. It peaked at $4.43 on December 19th, which is when it experienced a slight drop once again.

At the time of writing, Waves has a price of $3.32 per coin, after experiencing a 10% drop in the last 24 hours. However, the question that has had investors and analysts puzzled is — why did Waves start growing out of nowhere?

Why did Waves coin grow?

The first thing to understand about Waves is that it is a platform created for developing an ecosystem for business. With it, anyone can create their own project, and run an ICO. Additionally, any platform member can use it for sending, storing, and exchanging crypto.

Thanks to the use of blockchain technology, the project is decentralized, anonymous, and independent. The platform was clearly created with a web developer generation in mind, which has brought it to the attention of many in the crypto community.

However, like any other good crypto project, Waves coin has continued to develop and improve, enter new partnerships, and more. This has also led to the creation of its mobile wallet, which was recently improved, and the secret of Waves’ growth might be tightly connected to it. The improvement revolves around the wallet now allowing credit card purchase of Waves coins, that can later be exchanged for BTC or another crypto.

So far, the app has seen over 100,000 installs from Google Play Store alone. The app is also much more than just a wallet, as it offers popular features which crypto traders and investors might find very useful. This includes trading on DEX, different tools, charts, access to fiat and crypto gateways, the ability to deposit, withdraw, store, or trade assets, and more.

Unfortunately, US users will not be able to enter the crypto market by using their credit cards in this app, which leaves Coinbase as the best option for them. The reason for this is the fact that the wallet uses Indacoin, which is not available in the US.

Analysts now believe that the changes made to the wallet might be the reason why Waves is seeing more usage, as well as why its price has spiked so suddenly in a period where every other coin was experiencing losses. However, this is not the only reason why this project deserves the attention of traders and investors.

In addition to its mobile app, Waves coin has shown to be quite successful in providing an ecosystem for token development. While it has already had a few good ones, numerous others are still in the works and are expected to arrive at some point in the future.

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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.

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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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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…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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