The cryptocurrency space is filled with thousands of coins and tokens, each with a different use case. While most ERC-20 tokens have little utility, there are some projects out there that try to make a meaningful addition to the ecosystem.
The Dent blockchain project innovates by providing users with decentralized mobile data on the blockchain, incentivized by its DENT cryptocurrency. In this article, we explore the project’s fundamentals and see whether it has managed to deliver on its promises. Moreover, we will take a look at recent price action and see how the DENT crypto has performed in the bear market.
Finally, to provide you with a realistic DENT price prediction for the long and mid-term, we will scrutinize some experts’ opinions on the internet. This should allow you to make an informed decision when deciding to invest in the DENT cryptocurrency.
What Is DENT crypto
Dent is a mobile internet provider that uses blockchain technology to offer its services. Dent provides a framework for sharing mobile data between users and incentivizes them to do this through its integrated marketplace.
The marketplace is powered by the DENT cryptocurrency, an ERC20 token that allows users to buy and sell unused mobile data fairly and without intermediaries. The goal is to allow regions where mobile data is extremely expensive to access cost-effective plans and be able to leverage unused wireless bandwidth and share it with each other.
Called the Dent Gigastore, this data marketplace is the best way to share and sell your data that remains unused on your network. This allows you to gain back a consequential amount of funds on your mobile data bills and even make a profit in some cases.
Recently, Dent has also expanded to the DeFi niche, by proposing a decentralized exchange based on Uniswap V3 SDK. This means that the exchange is ready for advanced financial instruments, such as yields and farming — all of it powered by the DENT token.
The DENT token has a total supply of 100 billion, with 99% of the supply already in circulation. Consequently, you won’t encounter any inflation going forward that could impact the price of the crypto.
How DENT Is Coping with the Crypto Crash 2022
That being said, one might think that DENT is already past its stride when looking at its historical price action. This cryptocurrency experienced a huge surge in value during the 2017-2018 bull run when it reached a staggering $0.098. Considering its enormous supply, this is quite a feat.
However, the subsequent bear market pushed prices quite low, and by the beginning of 2019, a DENT token was worth only $0.001, more than a 98% drop from its all-time high. In the summer of 2019, DENT managed to double in price and reached $0.002.
After a severe retracement in 2020 to $0.0001, the token surged in 2021, reaching $0.02 in May. However, that bullish movement was short-lived, as DENT has fallen back to $0.00091 during the current bear market.
DENT Price Predictions
Experts around the internet are not overly excited about DENT as an investment vehicle.
2023-2025
For 2025, Priceprediciton.net provides a target price of $0.005, which is still a considerable 5x growth from the current level.
Digitalcoinprice.com is even less enthusiastic. For 2025, they go as high as $0.002, which is barely double the value of the current price.
Finally, Walletinvestor is bearish on DENT, expecting it to fall as low as $0.0008.
2028-2030
For 2030, Priceprediction.net targets $0.03, which is still a far cry from its 2018 all-time high of $0.098.
Digitalcoinprice.com provides a more conservative price forecast. By 2030, the price should fluctuate from $0.00325 to $0.00435.
Conclusion
Dent had a lot of potential when it launched, but the bandwidth-sharing platform never really manage to achieve a proof of concept. The price action reflects this, as it reached staggering heights when it was launched, but users became disappointed as the team failed to deliver real-world use cases.
While Dent is still up and running, we need to see a lot more development from the team for increased adoption of the platform. If they start delivering on their promises, DENT could start gaining traction once again. Until then, this cryptocurrency remains a low-potential token that you should only consider as a secondary piece of your portfolio.
Still, if you are certain of acquiring some DENT, make sure to use the Godex exchange for swift and anonymous services.
