DENT price prediction: Will its grand plans make a mark?

The DENT token powers what is meant to be a telco disruptor. Will it climb in value?

DENT token standing between rolling dice                                 
The DENT token powers a “disruptive” blockchain platform with huge ambitions – Photo: Shutterstock
                                

Contents

What is DENT?

DENT was designed to cut the cost of mobile data and data roaming charges through the use of decentralised blockchain architecture.

Based on the ERC-20 blockchain standard, the DENT token is the cryptocurrency powering the DENT infrastructure. As the system becomes more widely known, what sort of DENT price prediction can we make? 

As an app built on Ethereum blockchain, DENT aims to be a major disruptor in the mobile data market, “where users are able to freely buy, sell and donate their mobile data, from any user to any user,” according to its 2017 whitepaper.

The central ethos of the company is to use blockchain technology to solve a massive problem inherent in mobile phone contracts: data roaming charges. Instead of being tied to extortionate charges, users buy data packages from a large network of ‘nodes’, those nodes being individuals hoping to earn some DENT from their unused data allowances.

Gaining DENT works as an incentive for these nodes in a similar way to Bitcoin (BTC) mining. However, DENT cannot currently be traded for fiat money; DENT earned in this way can either be used for future data plans, or donated as a gift.

DENT tokens can, however, be bought and traded on regular crypto markets. Only upon transferring them to your DENT account do they lose fiat exchangeability.

DENT does not seek to replace your existing telecoms provider. Instead, it aims to work as a companion, whereby a globetrotter can switch freely and seamlessly between their regular provider and the decentralised DENT network, as and when needed.

For a DENT price prediction, keep reading below.

Early stages

DENT underwent an initial coin offering (ICO) in 2017, raising $4.3m on the back of 70 billion tokens. The company retained the remaining 30 billion for operating expenses. This put the price of DENT at $0.00006 at the ICO stage.

A massive price spike in January 2018 saw bulls almost break the $0.10 mark. However, the market realigned itself in the next six months – the DENT price barely budged through 2019 and 2020, trading sideways between $0.0001–$0.0002.

But the token put on a good show in 2021, staying well above previous averages. That said, the volatility typical of low-value altcoins was on full display, making a valid DENT coin price prediction difficult. Closing trades fluctuated between $0.02 and $0.0002.

The coin closed 2021 at $0.0038 and continued its downtrend in the first two months of 2022, dropping 35% to $0.002514 by 10 March. As of 25 April 2022, DENT’s exchange value of $0.00091 was 77% below the 90-day high of $0.00396 achieved on 2 April.

Where is DENT at now?

DENT’s market capitalisation as of 22 June 2022 was slightly above $90.47m, with a 24-hour trading volume of $16.51m. It is currently ranked at number 193 by market cap, down from April’s placing of 182.

The trading price at the time of writing was $0.0009, down 4.76% from the previous closing price. 

Although any DENT crypto price prediction must take into account extensive altcoin volatility, it should be noted that the market is currently bearish. According to 26 analysts at DigitalCoinPrice, 10 suggest selling, 10 suggest holding and six suggest buying. 

Do keep in mind that these figures are highly speculative and do not constitute official financial advice. Please conduct thorough research of your own if you wish to invest.

Where is DENT going in 2022, 2025, or even 2030?

WalletInvestor has a 12-month forecast of $0.00159. Looking at the DENT price prediction for 2025, the forecaster expects the coin to stay below the $0.01 barrier for the year. Short-term sentiment is currently very bearish.

DigitalCoinPrice has a target of $0.00367 by 2029. The forecaster’s DENT price prediction for 2022 stands at an average price point of $0.00117. 

A DENT price prediction for 2030 comes from PricePrediction.net and suggests an average price of $0.027 for the year.

TradingBeasts is fairly conservative in its outlook, with an average price target of $0.0011 by September 2023, rising to $0.0015 by June 2024. While sentiment is still rather bullish in the long term, these estimates represent a smaller year-on-year return.

FAQs

DENT could be a good investment. On average, most forecasters expect the token to rise in value in the short and long term. The underlying DENT mobile data product could be the true determiner: if it lives up to its promises, it could become a mainstream piece of technology. As a result, the value of DENT is likely to rise.

Regardless, any and all investments come with risk, particularly those involving highly volatile altcoins. Always be careful with your investment and never put in more than you can afford to lose.

That looks very unlikely, at least not in the next 10 years. No forecaster has suggested a $1 price point.

There is a good chance that DENT will continue to rise. After trading flat for years, its more recent performance has been bullish, which is a good sign, and forecasters have a largely positive sentiment.

If you do decide to invest in DENT, always conduct thorough due diligence and never put more money on the line than you can afford to lose.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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