While Bitcoin continues to test $6,500 and the rest of the cryptocurrency market remains uncertain in anticipation of a big move on the part of its reserve currency, DENT saw huge gains this week, up 50% from $0.00144 on Monday August 13, to a current value of $0.00226 on August 20, 2018 according to CoinMarketCap.
While the Dent Wireless token took a nosedive after peaking at over 10 cents in January 2018, it appears to be making a comeback as its value makes it attractive to investors who want to buy a large volume of coins, in the hopes that they will bounce back to previous levels.
The DENT coin surged in trading volume between August 17 and 18, and then again on August 21 as investors are gobbling up the discounted coins. Trading volume is currently at $3.5 million USD for the last 24 hours, with a $39 million USD market cap, and a total supply of 100 billion coin (17M in circulation).
Dent Wireless is a telecom blockchain project that boasts over 3.5 million users. The Dent wireless app is available for download on Android and iOS devices, for use in the USA and Mexico. It enables users to send data “top-ups” to any AT&T or Verizon customer in the US, and Movistar and Telcel customers in Mexico. To entice downloads, the company was offering 30 coins to every user who downloaded the app. With the app, users are able to trade mobile data, meaning that they could either save on their monthly bills by selling unused bandwidth, or they could expand their data usage at reasonable prices.
The company also offers tools like ETHScanr, an app that lets you manage and follow any Ethereum address. This provides real-time data on token sales, plus versatility in monitoring your own assets or those of other investors, such as ETH whales. With this data, a user may possibly be able to inform future investment decisions. For example, a big move by a whale might be an indicator of market changes. It also has biometric capabilities to secure personal data.
DENT is an ERC20 token, and serves as the medium of exchange on the mobile data buying and selling platform. Smart contracts drive the traded, to prevent fraud while tracking transactions with accuracy.
The primary benefit to DENT is that it allows users to “top off” anyone’s mobile data, anywhere in the world, even if they do not have the app installed. A user in the US could theoretically send a few gigs of bandwidth to a friend in Mexico. The recipient would get an SMS text message alerting them that their data plan has been topped off, and they’d immediately be able to use the added bandwidth.
As one final incentive to users, DENT offers a loyalty program, expected to launch in Q4 2018. DENT Afterburner affords its users discounts on data purchases and telephony minutes. It also facilitates discounted crypto-to-crypto trades.
We’d recommend exercising caution when making any sort of investment decision. We are not financial advisors, but we’d recommend keeping an eye on DENT for any upcoming news that may indicate future growth.
Dennis Consorte has an appetite for news and information about cryptocurrencies, blockchain, IoT, fintech, adtech, martech and other technologies. He also has over 20 years’ experience in digital marketing and content strategy.
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