Denver, CO, October 21, 2020 – OTC PR WIRE – GenTech Holdings, Inc. (OTC PINK: GTEH) (“GenTech” or the “Company”), an emerging leader in the high-end Premium Coffee (www.secretjavas.com), Hemp Wellness (www.hakunasupply.com) and Functional Foods (www.SINFITnutrition.com) marketplaces, along with its SINFIT Nutrition brand (“SINFIT”), is excited to announce that the Company has signed a new marketing, sales, and distribution agreement (the “Agreement”) with TruLife Distribution (“TruLife”) (TruLifeDist.com), a leader in marketing, distribution, compliance, e-commerce, and advisory services in the Functional Foods marketplace. The main focus of the new Agreement will be to accelerate the growth of e-commerce sales of SINFIT products, particularly over the Amazon.com platform.
TruLife provides direct access to sales on Amazon, Walmart, Rakuten, Wish, TopHatter, and other top e-commerce platforms, allowing clients to instantly list, ship, and sell products through any major platform, with an experienced team of experts and a proven track record of success in brand placement and digital sales strategies.
“We have already demonstrated a significant & expansive growth curve since taking control of the SINFIT brand in June,” commented Harold Vaca, VP Domestic Sales of SINFIT. “But the vast majority of that growth has been driven by large purchase orders from major distribution partners, both domestic and international. We are also committed to aggressively pursuing end-market consumer direct purchases through our e-commerce footprint, which will provide additional growth and diversify our cash flow ecosystem, making our overall strategy less dependent upon any one source of demand, while driving further growth in total sales.”
Management notes that e-commerce sales represent a sizeable portion of overall retail sales growth worldwide, with more than $3.5 trillion in online sales accounting for over 14% of total pre-pandemic global retail sales. Since the onset of the global health crisis, that ratio has shifted decisively further in favor of e-commerce sales, which is not likely to entirely revert back upon the advent of a viable and widely accessible vaccine.
Vaca added, “We have seen an epic process of market penetration for e-commerce platforms this year as major online retailers have begun to reach a much wider base of consumers – people who haven’t ever shopped much online, but have been forced to during recent months out of personal health concerns. Many of them will almost certainly continue to make use of e-commerce now that they have tried it out, at least to some extent, making e-commerce an essential sales channel for SINFIT products. TruLife has the network, team, experience, and resources to dramatically augment our e-commerce performance.”
SINFIT branded products registered over $2.2 million in global sales in 2019, and are now approved for sale and available for purchase on the Walmart.com and Amazon.com e-commerce platforms as well as in over 2,500 GNC locations in North America and over 10,000 global physical and e-commerce stores across more than 10 countries around the world.
SINFIT products as well-positioned relative to peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).
About GenTech Holdings, Inc.:
GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company launched a high-end Coffee Subscription service in early 2020 called Secret Javas, owns a Functional Food company, SINFIT Nutrition and recently closed its acquisition on Products-Groups’ “Hakuna Supply”.
This press release may contain forward-looking statements, including information about management’s view of GenTech, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of GenTech, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on GenTech’s future results. The forward-looking statements included in this press release are made only as of the date hereof. GenTech cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GenTech undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by GenTech.
ETH 2.0 is Ready For Launch, Will ETH Price Get a Push to Touch $1k?
Ethereum Node Count Overtakes Bitcoin
The Ethereum node has overtaken that of Bitcoin in just a month, showcasing an increase of activity on the Ethereum blockchain. The Ethereum nodes touched 11,162 which is the highest currently compared to that of 11,340 of Bitcoin nodes.
Nodes play a vital role in verifying a transaction on a blockchain. Increase in the nodes signifies, the increased activity, which in turn indicates increased confidence and trust of the users on the Ethereum blockchain.
The sudden spike in the Ethereum nodes is recorded when the ETH 2.0 Phase 0 is all set to launch and go live on 01 Dec 2020. The increase was expected as the ETH price is also going to the moon in the past couple of days.
At the time of writing ETH price is $590.95 with a gain of 2.48 percent and the whole crypto community being very bullish for the asset as ETH 2.0 launch is around the corner.
Will ETH 2.0 Launch Intensify Altcoin Season?
After nearly five years of promising and more than 2 years of work, ETH 2.0 is all set to launch despite the failure of the initial testnet. One of the biggest achievements of the Ethereum Foundation would be the Beacon Chain operating alongside the current Ethereum blockchain, in order to fulfill the first of four migration processes.
During the recent DeFi pump in the early September 2020, the main issue faced by the crypto community was the skyrocketing gas fees. The gas fees soared to greater highs as the blockchain traffic congested and choked.
However, the Ethreum Foudation or the co-founder of Ethereum Vitalik Buterin have not directly committed to solve gas fees issue with the lauch of ETH 2.0, but have hinted for the same. At the same time the entire crypto community hopes that with the lauch of ETH 2.0, the gas fees would be reduced considerably.
Currently, the whole crypto space has manifested a bullish trend with most of the crypto assets including Bitcoin is surging with remarkable numbers.
As Coinpedia reported earlier that, Bitcoin is also strongly headed towards $20K, it would be very interesting to witness, whether Bitcoin would hit $20K first or Ethereum $1K. And with the surge of the major cryptos, the Altcoin Season is expected to intensify to large extent.
Polkadot Price Prediction – How High Will DOT Price Go?
The growing crypto world has enabled the rise of new projects which aim to bridge the gap between the traditional financial system and that of cryptocurrencies. Started back in 2017, Polkadot came in mainstream media recently, when it secured its position in the top 10 from nowhere.
In this writing, the complete history of the token and future estimate is covered with accurate information.
Table of contents
What is Polkadot?
Polkadot is considered as one of the most pioneering projects based on a multi-chain framework that can be a competitor. It aims at providing the most advanced peer-to-peer network for numerous blockchains.
Polkadot was developed by Swiss-based Web3 Foundation looking forward to provide a fully functional and user-friendly decentralized platform. The main features of the polkadot platform are listed as,
- Strong interoperability approach
- Shared security of relay chain & parachains
- Performant, sharaded netwrok
- Sophisticated governance process
- Easy blockchain setup
After conducting an ICO in 2017, Polkadot launched an experimental and unaudited version called ‘Kusama’ in 2019 and recently, in May 2020, the Polkadot mainnet was launched.
Polkadot’s native token is DOT which intends three main purposes- governance over the network, staking and bonding. In September 2020, a sudden spike in the market capitalization made the token enter the top 10 cryptocurrency list. However, Dot is not an ERC-20 token, rather a Polkadot blockchain-based cryptocurrency.
Polkadot(DOT) Technical Analysis
The polkadot foundation conducted a successful ICO in October 2017, raising over $140 million and sold nearly half of 10,000,000 DOT supply. But unfortunately, the company was driven by losses which compelled them to conduct two rounds of private sale, one in 2019 and other in 2020.
During the ICO days, a single DOT was priced at nearly $30 but in August 2020, the DOT holdings were redominated. Meaning, for the users who bought a coin for $30 were presented $100 new coins for $6 each. Therefore giving a total value of $600 for one coin.
Considering the journey of DOT token, it initiated with a redonimated price of $6 but later a sudden crash led the token down to $2.81. With the new redonimation, many tokens were created which led to a sudden spike in the market capitalization from zero to more than $5 billion within a day. Hence it entered the top 10 cryptocurrency list in a very small time frame.
The current technical indicators for DOT are as follows,
- Price at press time is recorded as $4.28
- The resistance level for the current price is $4.58
- The support level is formed at $3.76
- The current technical indicator points at ‘buy’ signal
However, if the token successfully clears the current resistance level, the next level to clear are formed at $5.61. Further to this, another push is subsiquently required to push the prices to touch and surpass the current all-time high at $6.84.
DOT Price Prediction
Polkadot Price Prediction for 2020
As mentioned earlier that DOT price has manifested the potential to surpass the current all-time highs. In order to do so, the first level to cross would be surrounding $4.5 which is speculated to be attained by November 2020.
Further to this, the price are expected to surge even more to hit the next target set around $5-$5.4 by the end of 2020 in december.
Polkadot Price Prediction 2021
Polkadot price in the start of year 2021 is expeceted to carry forward the price in December 2020. The price of the digital asset is expected to swing in between $6.5 to $7 in January 2021.
Further, by mid of 2021, in June-July 2020, the asset is expected surge accumating nearly 20-25 percent gains. The DOT price is expected to surge to $8 to $8.25 by the mid 0f 2021 and by the end 0f 2021 in December, the price may come close to $10.
Dot Price Prediction for 2020-2025
The DOT price is as per analyst has a steady growth and possess less frequency of a steep decline. However, the market behaviour cannot be fully determined as it tends to swing at its own pace.
The start of 2022 would be a good phase for DOT to be priced above $8 or at higher side, the price could touch $10 too. The 2022 would end escalating the price above $11 levels which might go as high as $12.
In January 2025, the prices are expected to rally close to $20 to $25 which is anticipated to touch above $35 by the mid of 2025. The 2025 would end by bringing the DOT price to somewhere around $40 to $42 in december 2025.
Polkadot (DOT) Market Prediction
Cryptocurrency price prediction
The analysts associated with cryptocurrencypriceprediction believe, the DOT price would rally surrounding $40 by the end of 2025.
Digital coin price
Digitalcoinprice speculates the DOT price to touch $8.43 by 2021. However, their prediction for DOT price in 2025 is pretty low than the above. They anticipate the price to swing near to $13.91 by the end of 2025.
Changelly.com has predicted a nail-bitting prediction for DOT in the coming days. They present with a very scary prediction that the DOT price is expected to fall more than 90 percent and by the end of 2020 or start of 2021, the DOT price would crash down to $0.2.
Our Polkadot Price Prediction
Analysing the market predictions of the polkadot currency and based on research conducted by our team, we also speculate a good DOT momentum within the crypto space. We also believe DOT price can surge recording decent gains till the end of 2020, which could continue in the coming years.
The DOT price as per our analysis also may touch $13 to $15 by 2022 which could touch $20 in the next couple of years.
Polkadot Recent Updates
Recently, Polkadot was featured as one of the 10 diverse projects in ‘Scanning the European Ecosystem of Distributed Ledger Technologies for Social and Public Good”
Summarizing the whole story, the Polkadot project and its native currency ‘DOT’ intend to provide access to multiple blockchains with strong coordination between different blockchains. The project has good potential to surge to good heights but as mentioned above the market fluctuations do not occur in favor of any project or asset.
After understanding the composition, we hope you might have got a clear picture about the Polkadot project and DOT’s possible price in the coming five years.
So, when do you feel is the appropriate time to invest in the DOT project? Do let us know after conducting your own research.
Polkadot is an project that aims to bridge the gap between n number of blockchains by building better cordination between them.
The current all-time high lies more than $6 which is pretty tough for the DOT to attain by the end of 2020. But yes, it may surge above the levels in the coming year.
As per some analysis, DOT price is however expected to reach $40, but the path seems to be pretty tough.
NO, DOT is not an ERC-20 token but a asset build and developed based on Polkadot blockchain platform.
Bitcoin Strongly Heads Towards $20k While Some Still Await $15k Retracement
Bitcoin Big Move is on the way!
Bitcoin provided with an opportunity to stack more coins in recent times by visiting the levels below $16,300. However, within a couple of days, the Bitcoin price rebounded and crossed $18K, heading strongly towards $20K
As Coinpedia had reported earlier that, a double bottom pattern had formed and hence a long jump was expected. In the 4-hourly Bitcoin price chart, the trend flipped completely bullish with a maximum of losses recovered within just a couple of days.
Some analysts believe Bitcoin needs to close the highest monthly close in order to surpass the current ATH. One of the crypto analyst Lark Davis predicted that hitting $20K will be very fast.
Surprisingly, yet another analyst, The Moon predicts that Bitcoin would break $50K in coming 6 months.
Yet some of the other analysts still believe Bitcoin could revisit below $15K to fill the CME gap around which was created recently.
Institutional Investors Accumulate More Bitcoins
Bitcoin and the other altcoins experienced a drastic dip in the past week, where-in the Bitcoin price fell by almost $3000. The price which was very close to its All-time high suddenly crashed to $16,200 levels. Hence, providing an opportunity for many to ‘buy at the dip’.
As per a crypto trader and investor, Crypto Rand, Grayscale bought additional 7300 BTC probably at the dip moments, bringing to a total of nearly 100,000 BTC. Also other institutions like PayPal, Square, etc also acquired more bitcoins than it was mined in the previous month, which is expected to continue in coming days.
Therefore, more bitcoins held by the big institutions may cause a serious squeeze with the demand, resulting in price pump. At the time of writing, Bitcoin price stands at $18,495 with a price jump of 4.07 percent in the past 24-hours.
The RSI indicator is pretty bullish and the technical indicators point out towards ‘buy’ signal. Therefore, most of the indicators suggest Bitcoin price to surge in the coming days, however, small dumps may also be expected.
As mentioned earlier, it is very prominent for the Bitcoin price to record the highest monthly close which would give a larger push towards $20K.
Top 10 Cryptocurrencies One Should Look Out to Invest in 2021
The last quarter of 2020 just began. Considering the recap of 2020, the year was pretty good for the crypto space. Much positive news in the market with great levels of adoption during the pandemic period.
On the contrary, crypto space also witnessed a steep decline in price, market capitalization, etc. This, however, did not affect the investors much. As the new year is approaching very fast, let us look forward to the promising cryptos in the coming year.
If you are new to the crypto space and wondering, ‘Which cryptocurrencies are best to invest’ then, you have landed in the right place. Get to know the cryptocurrencies which can give you good returns in 2021.
In layman’s terms, whenever cryptos are called out, Bitcoin is the first and foremost asset to be considered. As it is the primitive crypto and the user base is expanding every single day.
It has proved that it is resistant to any crash. It hardly took 6 months to recover each time it crashed below the records. Most recently, it dipped below $4000 in March 2020 and within 6 months, it touched $12000 in September 2020.
Currently, bitcoin is priced at $10,607 at press time. This year due to the Altcoin season and DeFi Hype, Bitcoin remained in a very narrow trend. However, bitcoin bulls and proponents have predicted a major breakout for the digital asset in 2021. Many of them have said Bitcoin might shoot up to $100K also.
The second most popular cryptocurrency after Bitcoin is Ethereum. The Ethereum blockchain became the spotlight during the DeFi boom which pushed ETH price to $470. However, the high gas fees of Ethereum had always been the crux of the matter.
The ETH ecosystem is soon rolling out Ethereum 2.0 which intends to resolve the high gas fees issue. Recently, a dress rehearsal of Ethereum 2.0 was held and the second phase of the rehearsal will be held in the mid of October 2020.
Therefore with the launch of Ethereum 2.0, the analyst predicts a bull run for the digital asset which might take the price near to its all-time high.
Also Read : Will Ethereum Overcome the Recession in 2020?
Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.244. However, Ripple has the potential to hit $1.0 by 2021 and increase towards its all-time high very soon.
Tremendous growth is expected in 2020. According to another analyst WalletInvestor, ETH price may rise by 380 percent and reach $0.6-0.7 in a couple of years.
2020 was a pretty good start for Litecoin as it touched around $80 by February 2020. One of the reasons you could consider investing in Litecoin is its high liquidity with a large market cap.
Litecoin Price may explode in 2021 as the miners get a huge block reward of 25 LTC compared to 6.25 BTC. And also, the average time is around 2minutes which is less compared to the other cryptos.
Stellar is a decentralized, open-source protocol. It aims at fast cross-border transactions between any currency pairs. Stellar blockchain enables the development of decentralized applications to create new projects based on Stellar.
Currently, XLM is priced at $0.07 and is expected to reach $0.11 in the next coming years. According to some predictions, XLM Price can rise to $.19 by 2023.
Binance Coin is considered as one of the best cryptocurrencies to hold if your portfolio already has major cryptos like BTC, ETH, etc. World’s top exchange, Binance is the creator of BNB with an experienced team behind it.
Despite huge market volatility, BNB coin price has distanced itself from a huge jump and steep dump. Currently, BNB priced at $26.99 after touching above $30 recently. The analyst has predicted a good growth for the coin and also it might provide good returns in the coming days.
Launched recently in 2017, Cardano was successful in securing its place in the top 10 cryptocurrency ranking but unfortunately slipped down to 12th position. However, the project is still growing strong and very initial phase.
Currently, ADA is priced at $0.09, as per some reports, Cardano price is expected to touch $0.2 by the start of 2021 and trend around $0.2 till the end of 2021.
VeChain is a blockchain project found in 2015 which was rebranded and relaunched as blockchain for decentralized applications in 2017. Vechain has partnered with an impressive list of companies like PwC, BitOcean, BMW Group, China National Partnership and many more.
VeChain is priced at $0.0107 with a market cap of more than $600 million. VET price is expected to grow to $0.02 by next year and could reach up to $0.07 in the next 2-3 years.
Chainlink is one such project that came into the spotlight within no time. It runs on Ethereum blockchain and is considered as one of the best DeFi token having the major dominance in the DeFi space.
Chainlink Price which is currently at $8.77 is expected to touch $10 or above by December 2020. It is expected to grow gradually and attain $20 by the end of 2021, in December
Aave is a peer-to-peer lending platform on the Ethereum blockchain. Currently, LEND priced at $0.45 is expected to touch $0.7 by January 2021. Moreover, the LEND price may touch and surpass $1 by the end of 2021.
By now, you might have got a rough idea of the cryptocurrencies to invest in 2021. However, there are numerous projects in the crypto space which might give you huge returns. Above any predictions or analysis, doing your own research is always fruitful in many situations.
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