Connect with us

Altcoins

Dentacoin Price Spikes 12% as Bronx-Based Medical Center Accepts DCN Payments

Published

on

An unexpected by-product of the cryptocurrency boom is that the word ‘first’ has become more ambiguous than one would have previously thought possible. Every whitepaper will make claims on being the first at something – how many times have we heard the phrase: ‘…and we believe this makes _____ the first truly decentralized blockchain…?’

Regardless of what happens to Dentacoin (DCN) in the future, it will always be able to lay legitimate claims on being the first cryptocurrency to have tackled the bold goal of fixing people’s teeth. Dentacoin has taken a lot of flack for its seemingly opportunistic market niche, with many labelling it as the poster-child for the worst elements of the ICO market.

But yesterday’s announcement that the East Tremont Medical Center, based out of Bronx, NY, will be accepting Dentacoin as a payment method could be a turning point for the much pilloried cryptocurrency.

Dentacoin Price Spikes 12%

From a daily low of $0.000321 DCN tokens went on a wobbly run that eventually landed it at a valuation of $0.000361. The price continues to rise at the time of writing, with growth starting to accelerate at around 17:00 UTC, but fluctuations have been witnessed all day, so don’t expect a straight road from here.

Strangely enough, DCN are just about even for the week, and almost exactly even for the month, having started the month at a price of $0.355. Daily volumes over the month have dropped as low as $15,000 – one of the lowest from a coin or token in the top one-hundred.

Today’s volumes have reached as much as $130,000 which amounts to a 550% increase versus the weekly low of $20,000.

Bronx Med Center Accepts Dentacoin

The East Tremont Medical Center plans to accept DCN for a wide range of medical services, not just dentistry. In a surprisingly refreshing act of honesty, the medical center’s Dr. Yangsook Han admitted to owning DCN tokens, and aims to lead by example in adopting the tokens as a payment method:

“It’s very important for us to stay on the cutting edge of customer care and that includes finances. We own Dentacoin and believe that its adoption will lead to a price increase that can subsidize good dental hygiene for any of its coin holders. We are proud to accept it at all of our locations.”

This partnership takes the list of Dentacoin adopters to forty-two, with dozens of dental practices around the world already on board with the Dentacoin project.

For what many assumed to be an embarrassment to the crypto world, Dentacoin is making some serious moves, and for today at least, the market seems to be taking notice.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.5 stars on average, based on 123 rated postsGreg 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.




Feedback or Requests?

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Altcoins

GBP Price Prediction: British Pound Jumps on Growing Backing for PM May’s Brexit Deal Ahead of Vote

Published

on

  • GBP catches a bid across the board as Prime Minister Theresa May gains ERG support.
  • Despite session gains, GBP/USD technically has vulnerabilities to downside risks, given rising channel formation.

GBP Bulls Awaken

The British pound (GBP) saw a decent jump to the upside on Monday, after an initially very choppy directionless start to the session. The buying swooping into GBP/USD came on the back of a growing number of ministers set to back Prime Minister Theresa May. Specifically, attention was grabbed after closely followed political watcher Robert Peston tweeted that “influential Tory Brexiter MP tells me he and his ERG Brexiter colleagues will be voting with Theresa May and the government all day tomorrow”. This is significant as the ERG is a very influential Brexit research group, which was previously plotting ways to oust PM May.

GBP/USD jumped to its highest level seen since 22nd November. The pair had seen an initial spike of 85 pips to the upside. Gains were capped however by a known strong area of supply; this can be seen tracking from 1.2870 up to 1.2930. The price has not been above here since 15th November 2018, and the bulls having faltered here on several occasions attempting to move above. Should GBP/USD manage to move above this zone, it would be a very strong signal that it is out of the bear market. Technically, this would be largely attractive for inviting further buyers to come in.

A detailed analysis of the upcoming Brexit vote can be viewed here: This Tuesday Will Be Zero Hour For the British Pound

Price Remains Confined Within Channel

GBP/USD daily chart. Price action remains within the confinements of a rising channel.

Another key technical observation is an ascending channel formation, which can be viewed via the daily chart. The GBP/USD pair has been moving within this since 12th December 2018, having gained over 400 pips since it took shape. The daily candle today briefly spiked above the upper tracking trend line of the pattern. However, the price was squeezed back within the confinements of this. Touted profit-taking kicked in towards the close of the European markets. This is not too surprising, as participants maintain an element of caution heading into the high-profile vote.

Given the nature of the above-described formation, should it play out to the textbook, vulnerabilities still point to a breakout south. This move would be heavily assisted should the British Prime Minister lose the meaningful vote on Tuesday. In terms of key levels to note, to the upside, a break above the 1.2930 supply zone will invite large buying pressure. To the downside, a breach of 1.2650, the lower support of the channel, will open flood gates to selling.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 106 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Altcoins

Lite.IM Surpasses Facebook In Race To Support Cryptocurrency Compatible Messenger

Published

on

Since the early part of 2018, crypto traders have been bombarded with bad news.  Hacks, broken promises, and overall lack of enthusiasm have resulted in huge losses.  But more than that, some promising cryptocurrencies just haven’t survived.  As traders look to the future, they should begin looking at projects that have the potential to disrupt industries and take them to the next level.  One company that has the potential to accomplish that is Zulu Republic (ZTX).

Zulu Republic is an ecosystem of blockchain tools and platforms, designed as a place where people, businesses, and organizations can thrive on their own terms.  The company’s stated mission is to advance the development of decentralized technologies, to promote human rights and empowerment around the globe, and to reduce the global digital divide.

Well the company is off to a great start with the development of Lite.IM.

What is Lite.IM? 

Lite.IM is a project aimed at expanding global cryptocurrency adoption.  With Lite.IM, users can send, receive, and manage Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and the company’s native currency (ZTX), on Facebook Messenger, Telegram, and SMS (in the USA and Canada).  To get started managing these cryptocurrencies on the aforementioned platforms, users simply need to send a text-based command to the Lite.IM bot.  The commands are as follows:

Telegram:  @LiteIM_bot

Facebook Messenger:  @lite.im

SMS (USA and Canada only):  760-LITEIM-0

Competition with Facebook

On December 21st, 2018, Facebook announced that it was developing its own stable cryptocurrency that users would be allowed to exchange through its popular chat service, WhatsApp.  But while Facebook’s initial approach will target users based in India, Lite.IM is open to everyone in the world.  Further, Zulu Republic has previously mentioned that they expect to announce support for WhatsApp in the next few weeks.  It certainly appears as though Lite.IM has the upper hand here.  And that is before even addressing Facebook’s obvious privacy concerns.

When it comes to cryptocurrency, privacy and security have always been two issues at the forefront.  Given the rough year that Facebook has had in that regard, users must certainly be forgiven if they have trouble trusting the social media giant.  In September, 2018, Facebook announced that an attack on its computer network had exposed the personal information of nearly 50 million users.  Apparently, the hackers were able to exploit a feature in Facebook’s code to gain access to user accounts.  Even prior to this announcement, Facebook was already under Congressional scrutiny over revelations that a British analytics firm obtained access to private information from nearly 87 million Facebook users.  Not to mention Facebook’s rumored involvement with Russian election meddling.  Suffice it to say, it has been a tumultuous year for Facebook.

And while users may have concerns trusting Facebook’s ability to handle cryptocurrency data, they shouldn’t have those same concerns with Lite.IM.  Private keys are RSA encrypted with the user’s password.  Lite.IM will never ask for that information nor will it be stored.  Because of this, no third party will ever have access to that valuable information.

Conclusion

The truth of the matter is that Facebook is an absolute giant and has grown at an extraordinary rate since its initial public offering.  Facebook has hired some incredible talent, from executive positions to marketing to development.  And while one should never count them out, I simply wouldn’t be able to trust them with all of the recent issues.  Perhaps in time, after regaining the public’s trust, users could once again look to Facebook as a leader.

Fortunately, users have another strong and dependable option.  Lite.IM will allow users all over the world to manage popular cryptocurrencies via their favorite messenger platform.  Users should continue to stay tuned for future developments.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.8 stars on average, based on 21 rated posts




Feedback or Requests?

Continue Reading

Altcoins

Ethereum Price Analysis: ETH/USD at Risk of Fast Move to $100 Ahead of Constantinople

Published

on

  • ETH/USD has been slammed for the past seven consecutive sessions, dropping over 30%.
  • Focus on the heavily anticipated Constantinople upgrade, which is scheduled for Wednesday 16th January.

ETH/USD has been under firm control of the market bears over the past few sessions. The price has dropped the past seven consecutive sessions, following a break of vital support. An ascending trend line was seen running from 15th December, when the bulls returned with a decent rally. They had pushed for whopping gains of some 98%, between 15 December – 7th January.

ETH/USD daily chart. Price action extends to the south following break of key ascending trend line. 

As can see via the daily chart, there was a clear lack of momentum to the upside from 2-7th January. The price kept touching a resistance without a convincing intention of breaking higher. This could be seen around the $165 mark, where the price had topped on 24th December, before entering a stubborn consolidation mode of trading.

Large price volatility to the downside is seen across the entire market, however it can be somewhat understandable for Ethereum. ETH was largely outperforming several of its peers in terms of percentage gains seen. Coincidence or not, this was coming ahead of the heavily anticipated Constantinople upgrade.

Constantinople – Wednesday 16th January

There will be a scheduled upgrade which has been named Constantinople at block number 7,080,000. This is expected to occur on Wednesday 16th January. It should be noted, however, that the exact date could still change, as it depends on block times between now and then. This may be activated 1-2 days before or after.

The Constantinople hard fork is something which many within the Ethereum community have been anticipating for a long time. It is largely expected that the benefits of the upgrade will see a significant improvement in efficiency, speed, and costs.

Technical Review – ETH/USD

At the time of writing, the daily candlestick of Monday 14th January has received support from a critical level. It has taken a minor bounce but remains dangerously close. This can be seen at $116.70, the price having most recently received support here between 27-28th December 2018. Prior to this, the back-end of November and early December, this area proved its significance.

A break below the key mentioned support will likely invite another large wave of selling pressure. Eyes will be on the big psychological $100 mark to the downside. The next level to note would be $105 and then $83.10, the December low area.

In terms of upside, there isn’t much in the way of resistance until the $160 price region. The bulls will have the challenge of again trying to break down the stubborn supply area. A test of the breached ascending trend line would also be probable, should the bulls return.

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.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.6 stars on average, based on 106 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




Feedback or Requests?

Continue Reading

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending