Is Dent cryptocurrency a good investment?

Dent is a data exchange platform that was created on the Ethereum blockchain network. It has no central network like other cryptocurrencies, and it allows users of Dent to purchase mobile data. Users of Dent can also share data of their own accord through a system on the platform. Smart contracts which operate on the Ethereum network are used for storing data. In essence, Dent’s main function is to buy mobile data from other users on the network.

The question being posed is then – does the Dent coin have potential? What would the Dent decentralized exchange look like in the next five years?

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Dent fundamental values

Dent is a recent and unique system that aims at developing a society of people who make use of mobile phones and also smartphones. The project creators started with the aim of positively impacting the provision of mobile services with the token. This is to ensure that future services rendered would be in a better situation than it is currently. This is why several people are buying Dent to add to their cryptocurrency wallet.

The Dent exchange is the first marketplace powered by blockchain technology where people can get Telco assets. The Dent marketplace represents a major innovation, and as a global exchange powered by blockchain, the Dent token is used for every transaction on the crypto market.

The platform has a Dent mobile app that can be installed on mobile devices through which you can buy and send mobile data to anyone in the world. Buying Telco assets on the Dent app requires a Dent token instead of fiat currency. The Dent exchange platform is very much like a cryptocurrency exchange in its mode of operation.

The Dent team came up with the idea of a network that allows users to sell off their mobile data packages to other network users. The inspiration for Dent came up after Cisco released a study that disclosed that a $32 billion worth of data are purchased, but 15% always seem to remain dormant. Dent creators aim to provide a network that makes every telecom industry all over the world much more competent and inexpensive at the same time.

Technical Analysis

There is no expert on the technical analysis of Dent, but there is, however, an aggregate rating of Dent by different specialists and traders on the TradingView platform.

Price history of Dent 2017 to 2020

The Dent coin was created in July 2017 and sold the same year. The Dent project was able to raise about $4.5 million that year as it launched at a good price. At the time, 1 Dent was valued at $0.0005. Nevertheless, the price of Dent went down by more than 50% in just a week. The history of the Dent coin is not a mixed one. By October 2017, its market cap was $3,467,736.

The highest point experienced in the coin’s price was about $0.093522 about three years ago. Currently, Dent has a Total Supply of 100,000,000,000 and a Circulating Supply of 81,673,941,182.736. Dent market capitalization lies at $636,220,936, and the current price of Dent is estimated at $0.006935. The current trading volume in the past 24 hours is $216.98 million.

Price forecast

Following the Crypto bull run from late 2020 till now, Dent has increased substantially and is currently sitting around $0.006935. This has led to a substantial rise in the price of the cryptocurrency, and in the same vein, the price prediction for the currency.

Dent price prediction by Wallet Investor

Back in 2020, Wallet Investor predicted that the currency would drop from $0.000165 to $0.000013 and considered Dent to be a bad investment for the long term. The change in price was estimated to be at -92.360% at once. This was because the Dent crypto and the market it explored had been stuck in a bearish cycle for almost twelve months.

The price of Dent was estimated to be $0.00122 by January 2021. However, the price of Dent might decrease in value to $0.000012 by 2021. By the year 2023, 1 dent will probably be valued at $0.000006. However, it is hoped that from 2024-2025, the Dent price will recover and move up to $0.000019.

Forecast of Dent Token Price for five years by Digital Coin

Back in 2020, Digital Coin considered Dent to be a good idea for an investment as it was predicted to be a lucrative investment. Even if the coin price changed before the year ended, Dent was expected to rise again in the future. The price of a Dent was estimated roughly to lie at $0.00048580 in 2021. This was three times the Dent Price in 2020. It was then predicted to reach $0.00057506 by the year 2022 and then rise up to $0.00063523 when 2025 dawns. With the rapid increase in the value from 2020 to 2021, they have changed their prediction and now forecast that the price of Dent will reach $0.00976106 by the end of 2021. They also predict that it will reach $0.01871432 by 2025 and would be worth $0.02883378 by 2028.

Dent Token Price Prediction for 5 years by Crypto Ground

Based on data gathered, investing in Dent might turn out lucrative on a long-term outlook. This means you should invest in Dent with a 5-years outlook. The algorithm used to analyze the price in the future indicates that the price will not experience a decline in the future. The price of Dent will lie around $0.0238 by the year 2022. According to the forecast, the value of 1 dent might lay along the lines of $0.0592 by the year 2025.

Price Forecast of Dent token by Trading Beast for 5 years

According to Trading Beasts, the Dent price is predicted to be around $0.0003667 at the start of September 2020, based on its current price. The highest Dent price estimated is $0.0004705, while the lowest Dent price estimated lies at $0.0003199. By the end of the month, Dent’s price is estimated to be $0.0002764.

By the end of 2021, the Dent price is expected to rise to $0.0004114. The price might remain steady in 2022 with little to no changes. However, 2023 comes with better prospects, and the price of Dent will increase a bit to $0.0005042. Dent is therefore predicted as a bad short-term investment but a good long-term investment.