In the sea of different cryptocurrencies, we are always looking for those coins we could consider to be promising, both by progress in price and by functionality. And, what is a better way of finding the right coins to invest in than analyzing coins individually? That is why we are going through all facts and features related to Dent coin – to try and conclude whether this coin is worthy of attention or not (so much).
Everything you need to know about Dent
Dent coin was launched by a company, and not an individual. The company’s name is DENT Wireless Limited. The purpose of creating DENT was the idea of repurposing data, and the way data is being stored, shared, paid for and sold. Dent is focused on becoming the first mobile data cryptocurrency where Dent developers are hoping to transfer coin operations to mobile usage, that way disrupting the by far known system of the global telecommunications industry, aiming at revolutionizing the way people are exchanging data.
The idea is to monetize data and even change the way data is being shared or donated. All operations regarding Dent are done within Ethereum blockchain nodes, which immediately gives the green light for Dent being accepted by a larger network.
Ethereum already has a couple of “external” currencies enabled to operate within the Ethereum network besides from its official currency ETH. We presume that each accepted currency in the form of different tokens with different purposes and ideas are chosen carefully by the Ethereum developers, which gives us an incentive that Dent might represent a coin worthy of holders’ and investors’ attention in general.
Dent uses Ethereum for exchanging, selling and even donating data and what is revolutionary about this digital asset is the fact that Dent is seeking to transfer all operations to mobile devices so that the users would be able to make transactions and manipulate data by using mobile devices.
So, we already have two vote ups for Dent – one going to the enabled operations through Ethereum, the second biggest coin on the market with a solid second place on the global coin ranking list, and the second going to the way Dent is operating with data by using mobile devices.
But, how well does Dent place its purpose in practice?
So far, Dent was progressing slowly but steadily, establishing mobile connectivity with India and Brazil, which drew 40 million users to Dent. This seemingly small step brought a larger market cap, also bringing more DENT coins in circulation and consequently raising the price per unit that this coin has.
The next venture is establishing connectivity of crypto and mobile data exchange to the United States and Mexico, which should increase the number of users from millions to billions in case the connectivity is established and the crypto-coin well accepted. If this case scenario is to happen, Dent coin’s price would also experience a substantial increase, making this currency more valuable on the market.
Now, as far as the price concerned, Dent experienced a slight downfall in the last 24 hours, going almost -4% down with the price. The coin is currently holding the 68th spot on the global coin ranking list, which is a great success for a small token such as Dent.
For now, the most realistic scenario is that this coin will reach the price of one dollar per unit in the course of the next following months based on the current pace Dent coin has. If everything goes as planned for Dent; this coin will surely go “to the moon” as Doge Coin holders like to say when their favorite coin is hitting the roof with price increases.
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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.
Image courtesy of coinmarketcap.com
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