DENT Price Prediction For The Rest of 2018

Dent

DENT is an ERC20 token, that is, built on Ethereum platform. Dent aims to fuel the mobile data buying and selling worldwide.

Now, the Dent app is available for Android and iOS, and users can buy mobile data with DENT tokens and is live in USA and Mexico.

Token Metrics

Total Supply – 100 Billion DENT

Circulating Supply – 10.6 Billion DENT

Current Price – 0.006641 USD (At the time of writing.)

Analysis

On 6 January 2018, the price of DENT was 0.080390 USD when the crypto-market is in peaks. Now it is 0.006641 USD. It fell from 8 cents to nearly half-a-cent. That is terrible when considered with the best coins like Ripple, Ethereum, and Litecoin.

Dent price, however, seems to be more dependent on the market direction, it is best to buy and sell Dent according to the market-swings to book profits.

Also, Dent has been trying to expand to more countries, and holding (HODL) is a good idea; as more countries being added, it attracts more traders. And there would be an increase in price. We predict that by the end of 2018, at least once, DENT will touch 3 cents mark.

Since the price is less than a cent, it is a common target for Pump and Dump schemes, in which, a group of people or an entity, artificially increases the price of a coin by buying an enormous amount of coins. After the price has increased, the coin attracts new investors, who have little or no knowledge about the Pump and Dump. And these newcomers will buy the coins. At the same time, the people who planned the price inflation will dump those coins on the new trades, making profits. After the dump, the price of the coin drops to deficient levels. So, keep that in mind.

Disclaimer: Cryptocurrency investment is of high risk. Anything presented in this article is for informational purposes only, and do not provide any advice. Please consult your financial advisor.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *