DENT Price Prediction 2021-2025 - Should You Buy It Now?
DENT is a blockchain platform set to innovate the mobile telephony sphere. The main purpose is creating a unified international telco space instead of disconnected poorly intercommunicating national companies and giving the power of managing their calls to people. Unlike the mobile data packages offered by conventional telco companies, DENT grants customers more flexible options.
The project provides an Ethereum blockchain-based ecosystem that includes the mobile data marketplace, the mobile app for Android that performs voice calls, a cryptocurrency exchange for trading DENT tokens, e-Wallet, global e-SIMs, and other features.
So far, the DENT user base surpasses 25 million residents of over 70 countries. The token is listed on several large exchanges. The DENT exchange provides a rich choice of around 250 trading pairs.
Perspectives of DENT
The project is created by DENT Wireless LTD. The company was founded in 2017. It is based in Hong Kong but has an international team. Tero Katajainen is the CEO and the founder of DENT Wireless LTD.
The very fact that the project is created by a well-established company that has a good budget played a positive role in the perception of DENT.
To date, DENT was capable of following its Roadmap. Not all the goals were achieved at their fullest but in most cases, there were no problems and it's worth saying that some of the goals were reached ahead of the scheduled dates.
Considering the mentioned factors, we can be optimistic about the following development of the project and the price of the DENT token, as well. Nevertheless, it wouldn't be correct to claim that the price was constantly growing all this time. Yet, there is much work to do in order to attract more users and increase token adoption. Without it, the price is not likely to grow significantly.
Over the course of its existence, DENT has experienced a series of ups and downs. The all-time high was reached on January 9, 2018. The price per coin was over $0.81.
In late 2017 when the coin appeared on the market its market cap was strongly fluctuating from day to day. Those days the market cap was around $10k while the price was coursing from $0.0005 to $0.001 and back.
The cryptocurrency fever of December 2017 which gave BTC its all-time high did impact the DENT price in a similar way. The period of late December to early January was the time when DENT had the highest price to date. The coin's market capitalization increased drastically, too.
In the second half of January, the price and the market capitalization started to decline gradually. Such a pattern is not something special as many other altcoins are showing the sign of some dependence on the Bitcoin price.
Throughout the spring of 2018, the downward trend was continuing. The market capitalization started to fluctuate around $100,000, and then finally it dropped below this mark on May 11 and continued to decline.
By the end of 2018, market capitalization has dropped to the value of the late summer of 2017 although this time most of the days the price was slightly above $0.001 per 1 DENT.
In 2019 the market cap has begun its rising. On May 25 it reached $100k again and dropped below only in July. Since then, the price and capitalization were mostly going down. As of December 22, 2020, the market cap was nearly $20k while the price was slightly above $0.00023 per 1 DENT.
Such instability causes polar opinions on the DENT's future price. The platform keeps on developing quite comprehensively and consistently. So why is the price not behaving accordingly? There are many possible reasons. First off, as it was already mentioned like it is happening to other altcoins, the DENT price depends on the Bitcoin market performance. Another reason is that the adoption of the project is yet to reach the scale enough to fuel the circulation of the DENT token and increase its price.
All these misadventures that the DENT exchange rate had all this time shouldn't distract us from the fact that the team behind the project is well-qualified and the development keeps on keeping on as planned.
Manage your company's sales team expenses in over 50 countries: Use 1 mobile connection and share it with the team. 😎 No more annoying international phone expense reports! Get #DENT TEAMS for FREE: https://t.co/r6Pl4NtdjG #bitcoin #BTC #eth #GSMA #crypto #blockchain #eSIM #teams pic.twitter.com/u3ed7VsE4A— DENT (@dentcoin) June 5, 2020
Currently, the company is in advance of its Roadmap. In Q2 of 2020 DENT is going to release version 4.0 with an in-built messenger and reach the 40 million users around the world mark. Along with the BTC price rise caused by the upcoming mining reward halving, this factor will boost the DENT’s price (not significantly). It's quite alright to anticipate a little growth. We will see the price of $0.0002 - $0.0003 later this year.
In the long-term, the price will keep on growing as the company will continue overtaking the world with its blockchain solutions on mobile communication. Moreover, each quarter the token gets added to several exchanges which makes it more accessible and adds liquidity. As the company was working stably in the past years, it's safe to assume that they are not going to step back (all of a sudden). It doesn't seem that the coin will repeat the heights of its ATH by 2023. The January 2018 price was an echo of the Bitcoin price manipulation but DENT has all chances to surpass the previous "natural" price peak of $0.008 per 1 DENT (summer 2018) reaching at least $0.01 by the end of 2023. Considering the fact that there's another financial crisis that is awaited in the following years, even more, people might consider using a cheaper blockchain-based telco company. It means that the DENT price may grow faster and reach a better value.
After the fourth Bitcoin mining reward halving (which is scheduled for 2024) many alts will follow in a positive trend. We have yet to see the DENT's plans for the next several years, but without a doubt, the project's team will keep on expanding the business. The approximate price for the DENT coin in 2025 will reach around $0.05.