About DENT Project

After the moderate price momentum in the first quarter of this year, the price of DENT has continued to fall and still struggles. The crypto market has been registering tremendous volatility over the last few months. The market isn’t reacting well to the adoption of the DENT network and the idea of liberalization of mobile data and call plans. What happened to this DENT network to liberate mobile data? Is there any hope of recovery? Is there a promising future for this network? Let’s explore the DENT network along with DENT price prediction.

Dent Overview

Cryptocurrency Dent
Ticker Symbol DENT
Price $0.0011
Price Change 24H +13.35%
Price Change 7D +9.69%
Market Cap $123,159,509
Circulating Supply 99,007,791,203 DENT
Trading Volume $31,755,664
All-Time High $0.1114
All-Time Low $0.00007049
Dent ROI +98.28%

The DENT project was launched in 2017 by its founder Tero Katajainen. Tero got a master’s degree diploma from the Tampere University of Technology in 1999. After working multiple job roles, he got an idea and started DENT. It is a digital mobile operator, and it offers eSIM cards, mobile data plans, call minutes top-ups, and a roaming-free experience. The website says that DENT is a revolutionary technology operating on blockchain technology to create a global marketplace for mobile data liberalization.

Tapping into the mobile communication and data services market is a very clever idea. Around half the world’s population still faces restricted access to mobile services because of the high prices of traditional mobile carriers. DENT makes its users global citizens in the mobile airtime and market by removing roaming fees and introducing international mobile plans.

DENT has an ambitious plan to extend its services to many other countries and make them available in at least 140 countries. DENT has also partnered with Samsung blockchain, The Enterprise Ethereum Alliance, and Telecom Infra. Currently, the eSIM it offers can provide internet connection in 60 countries, and the currency of DENT is available in 43 countries.

What is DENT?

DENT coin is the native utility token used on the DENT Network. The unused data of the user can be sold to other users on the DENT Network. Millions of gigabytes of unused are wasted every year. As with most telecom providers, data can’t be rolled over to the next month, and customers end up paying more for the services. So, the customers can buy or sell their mobile data and trade it just like a commodity. The marketplace created by DENT cryptocurrency enables mobile data to trade with other cryptocurrency market participants.

Since data becomes a commodity, users can trade with each other and cut out the middleman or the telecom companies. But DENT isn’t fully developed at the moment. The app has positive and negative reviews, but it needs to compete with mobile industry experts for DENT to become a widely used platform. Big companies have more resources and experience, making it difficult for DENT to acquire the existing customer base.

Another thing to consider is that enabling mobile data trading is not a competitive advantage and doesn’t provide a significant incentive for a new user to switch. The Telecom industry is saturated already and even though buying data isn’t that easy for customers, the existing model still works.

While countries like Mexico and Nigeria have seen the highest download for the DENT app, it has the potential to easily target developing countries where information services could still be struggling. The same cannot be said about developed countries, where big companies already have a working business model that tries to offer their customers cheaper plans and retain them for long periods. On top of it all, the technology isn’t quite ready yet. There are a few bugs here and there, and combined with low loading speeds isn’t exactly great for new customers to experience when they first try out the app.

Liberating mobile assets has been the founders’ objective right from the start. They aim to make this possible with DENT Marketplace for eSIM data. With packages that vary in volume and validity, the users can find the best plan that fits their budget for their specific needs. Making the reselling of unused eSIM data is simplified. All the users need to select the amount, set their price, and list their data plan on the worldwide DENT Marketplace.

There are vital benefits to the DENT Marketplace. The worldwide eSIM marketplace allows users to compare listings to find a volume and validity plan that fits the user’s needs and budget, essentially liberating the eSIM data. It is also available for the iOS platform as the latest version of the DENT app is 4.0, which is designed much smoother and fixes many bugs in the code. By enabling users to sell their data, it is making better use of the information ecosystem, where users can make money with some unused data they have.

On the DENT website, they also started offering the Gigastore SDK feature. SDK is a Software Development Kit that can allow developers to use its APIs to build apps with the DENT eSIM sale functionality. This is a move in the right direction, where people can discover endless possibilities with the DENT Gigastore reselling features.

If anyone else wants to build a reselling service, they can use such features to build their apps with DENT wireless’s support and connect it to the DENT ecosystem. With their accessible point of sale store, one can resell packages even without API integration. All one needs to do is add their name and logo, and just like that, they can start selling.

DENT Technical Analysis

The price of the DENT cryptocurrency traded moderately in the initial period of 2022. After facing a steep fall, the DENT price has marked range-bound trading around $0.0025 in February and March 2022. Later, it showed a slight recovery which took the coin price to around $0.0036 in the first week of April. However, after this surge, the DENT coin price faced rejection and marked a significant plunge.