What will be the Price of Dentacoin (Dcn) in 2018?
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If the first week of January is any indication, 2018 is shaping up to the year of the altcoins. Case in point: Dentacoin (DCN). The blockchain that calls itself the ‘future of dentistry’ shot up 270% in the span of 9 hours to crack the top 30 list for active cryptocurrencies.
Dentacoin surged to new highs on Sunday, and in the process became a multi-billion-dollar cryptocurrency. The coin, whcih is tracked by the ticker symbol DCN, peaked at $0.008267 at 18:59 UTC, according to CoinMarketCap. That gave Dentacoin a market cap of nearly $2.7 billion.
At last check, the coin was trading at $0.006415, a gain of 180%. The market cap was around $2.1 billion, enough for 28th on the active list of cryptos.
Dentacoin’s trade volumes surpassed $43 million on Sunday, with Europe’s HitBTC accounting for nearly 90% of total transactions.
Sunday wasn’t the first time the DCN token surged in value. It rose more than 90% in mid-December amid a broad upsurge in the cryptocurrency market.
Commonly referred to as the dental cryptocurrency, the DCN token aims to make dental care more affordable through crowdfunding. The company raised $2.1 million through a publicly-funded initial coin offering that ran between Oct. 1 and Nov. 1. The ERC-20 compliant token has been developed to be used globally by individuals in need of dental services.
The project claims it will solve specific problems facing the dental industry, including a review platform, blockchain insurance program and healthcare database.
There was no immediate catalyst for the recent price gain, signaling once again that the token was benefiting from altcoin euphoria. That being said, the company has been slowly acquiring partners since the launching of the ICO in early October. This includes signing an agreement with CruisAIDer, a German-based orthodontic manufacturer. As of October, the company was accepting DCN tokens as a form of payment.
Last month, the project announced that a fourth dental clinic would start accepting DCN. The four clinics accepting Dentacoin now include F3T Dental Clinic (U.K.), Swiss Dentaprime (Bulgaria), Dentech Dental Care (India) and Mr Iteeth (Taiwan) were accepting the digital currency.
Dentacoin has a total supply of 8 trillion tokens, with more than 321 billion circulating in supply. The company offered only 3% of its total token amount during its ICO.
The company has announced several milestones for 2018, including launching its cornerstone ‘Dental Asurance’ program, an insurance-like model for the blockchain. The project is also planning to launch a second token sale in October.
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Sam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.
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IOTA’s Relief Rally Continues After Partnership with Fujitsu Announced
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IOTA’s price surged by as much as 22% on Tuesday, catalyzed by a recent partnership deal with Japanese tech giant Fujitsu. The digital currency has added a third of its value since Sunday, which was around the time that the new partnership hit the airwaves.
The value of MIOTA, IOTA’s native currency, peaked at $0.719 on Tuesday, its highest since Aug. 6. At the time of writing, MIOTA was trading at $0.708, clocking gains of 15.5%. Trading volumes have steadily increased over the past seven days and now sit at $91.5 million. This time last week, exchange turnover in MIOTA was roughly $38 million.
With the recent gain, MIOTA has trimmed its monthly loss to 25%. At its lowest point, the digital currency was down more than half.
In terms of markets, the largest share of MIOTA trades were placed against U.S. dollars on Bitfinex. MIOTA-USDT transactions on Binance accounted for nearly 21% of the daily turnover. IOTA-BTC trades on Binance accounted for another 17.3% of the total trade volume.
IOTA’s native token is among the best performing cryptocurrencyies in the top-20. It has also registered the highest weekly gains at 36.8%.
At current levels, MIOTA is capitalized near $2 billion, placing it tenth among active cryptocurrencies. Monero, the 12th largest crypto by market cap, trails IOTA by roughly $200 million.
IOTA was disproportionately affected by the latest bear-market cycle after a failed partnership with Sirin Labs weighed on investor confidence. Sirin Labs had originally stated it would use IOTA’s Tangle blockchain in developing its Finney smartphone but has since “decided to go in a different direction.”
IOTA has been the recipient of much better press recently after
, a Japan-based IT multinational, announced plans to fully integrate the blockchain in its Industry 4.0 business model.
“Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we are experts in both IT services and the manufacturing of IT products,” Leopold Sternberg, a program manager with Fujitsu, said in a statement.
Prior to the Fujitsu announcement, IOTA’s native cryptocurrency was trending sideways and exhibited a strongly bearish long-term outlook. It remains to be seen whether the partnership will catalyze additional gains for a currency that has been oversold for much of the past month.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
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Sam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, writer and financial market commentator where he has contributed to the world's foremost newscasts. Dentacoin Price Prediction , writer and financial market commentator where he has contributed to the world's foremost newscasts.
NEO and Gas Both Surge Into Double-Digits as Global Volumes Spike 21%
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blockchain are glowing green for the day (Aug 27) as NEO (NEO) and Gas (GAS) both surge to double digit growth over twenty-four hours.
The spike comes in line with a surge in global trades which has seen a sudden influx of $1.8 billion within the last day – or 21% more than the previous figure of $9.14 billion seen earlier in the day.
NEO reached a daily low of $17.31 at around midnight (UTC) on August 26th. Throughout the wee hours of the morning the trade volume almost doubled, from $35 million to $70 million, and the price peaked at $20.18 just moments ago at around 20:00 UTC.
That brings NEO back to a weekly high, and a coin price not seen since the surge of Aug 17, when NEO recovered 25% of its price in four days. That was during the market rebound from yearly lows experienced in early August. The coin is still some way off its monthly high of $34.32 regardless of recent growth.
, the sister token to the NEO coin, and transactional currency on the NEO blockchain Dentacoin Price Prediction , has grown in lockstep with with its elder sibling today. From a daily low of $5.68 recorded at 04:00 UTC this morning, GAS grew steadily throughout the day but accelerated greatly as night time rolled around.
At around 18:00 UTC GAS spiked from $5.95 to a daily peak of $6.99 within two hours. That’s a 17% price hike in just over ninety minutes, and leaves GAS on 23% net gains for the day.
Today’s movements take GAS to a price not seen since August 8th, right before the token underwent the worst of the early August dip. Trade volumes have increased from $2.2 million to $3.7 million over the course of the day, with the majority of trades coming from OKEx.
When global trade volumes fell to $9.14 billion earlier today it marked the lowest point that daily trades had fallen since the dip of late March/ early April.
Over the course of the day traders returned to the crypto scene as global volumes increased 21% up to $11.1 billion. That number continues to edge upwards, and at the same time has been accompanied by a 2.8% leap in global market cap, with the total combined valuation of the crypto market rising from $214 billion to close to $220 billion.
With everyone wondering if we’ve hit bottom, today’s sudden surge could end up being significant. Although, the signs would be more promising if we saw Bitcoin and Ethereum take a similar path – something that hasn’t happened just yet.
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Greg Thomson is a full-time crypto writer and digital nomad. He eats ICOs for breakfast and bleeds altcoins. Wherever he lays his public key is his home.
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It sort of warms the heart to see crypto pricing finally reacting to fundamental news after so many months where fear and greed seem to have been the dominant forces. Even so, that doesn’t necessarily mean we should simply accept just any news at face value. Take the case last week of Tron.
The price of Tron’s TRX currrency was up over 3% and nearly 6ovin the previous 7 days. That is a pretty impressive short term performance for the #6 ranked crypto. This brings its total cap to $1.3 billion.
In the interest of fairness we should mention that TRX is one of the most volatile of all. In the last two months the price has dropped over 50%. Wow, it took Bitcoin nearly 6 months to achieve that dubious distinction. So we don’t want set off a three alarm fire here but let’s take a quick look at what is going on.
On Friday CryptoNews featured the following headline: “
The headline refers to the listing of TRX on the Coinpayments platform. This represents good progress for Tron as it will allow the spending of TRX through the CoinPayments network. These guys appear to be the global giant with over 2.2 million businesses. If this is right, Tron is truly getting a huge boost on competitors.
CoinPayments wallet accepts over 960 different altcoins (including ERC20) and operates worldwide. The CoinPayments wallet is claims to be free for non-commercial applications. Merchants using the checkout system and API’s are charged a small 0.50% fee on incoming transactions, which is deducted during payment.
If the 0.50% fee is the complete change, this is very appealing to any merchant accustom to paying anywhere from 2.9% to 4.5% fees for so called “card not present” merchant processing services.
The fact that Tron developers are out to be the Ethereum killer puts them right along side of TenX that raised over $64 million last year as well Electrum BTC Wallet, Unocoin and other Ethereum wannabes. So, is it time to get crypto crazy over the Tron news? Let’s take a closer look.
I have a bias toward projects involving payment processing or just about anything that promotes the acceptance and use of crypto. Critics may scoff at some projects that don’t provide total anonymity. But that dismisses a key issue. While privacy is a vital tenant of the crypto world, until crypto can be used to buy goods and services, it will lack the status as a legitimate currency. Projects like Tron and others can change the picture.
A quick look at CoinPayments shows that Tron is making progress but has a way to go before reaching perfection. Estimates of revenues for this five year old company is around $6+ million. This places them toward the bottom rung of the top five closest payment competitors whose revenues run as high as $300 million.
With the agreement, TRX tokens can be used with some 2.2 million CoinPayments customers worldwide. This is nothing to ignore. However, much like the early days of Square, most of these customers are tiny online stores that are drawn to CoinPayments for their bargain fees. There are no big box stores or even large online retailers like Target.
So while the TRON news is good and the market has given the price as warm response, it’s too early for a standing ovation.
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James Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies.He has a special passion for writing about the future of crypto.
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