Dent is a digital mobile operator that aims to tokenize and liberate the mobile data market. The project facilitates a data-sharing economy in which users can buy, sell, and donate their mobile data freely. Dent has developed a global marketplace where Telco assets such as eSIM digital SIM cards, voice minutes, top-ups, and mobile data packages can be bought and sold. Users get the best price from the most suitable operator in their region and avoid data roaming costs.

DENT is an ERC-20 token which is used to make purchases on the Dent platform. Since DENT joined the crypto market, its price has seen dramatic change and if you want to know why then you’ve come to the right place. We’ve compiled everything you need to get a better understanding of DENT price – as well as the factors which influence it.

Dent Price History

DENT began trading in the summer of 2017 at about a tenth of a cent. Apart from briefly rising to $0.0017 in August, the token mostly traded below a tenth of a cent for its first four months, dropping as low as $0.00029 in October. This changed in December though, as DENT began to rally, and by the end of the year, the token was worth $0.0197 – a more than 1,560% improvement since August.

The surge continued into 2018, culminating in a peak at DENT’s all-time high of $0.0989 on January 9. The market cap of Dent briefly surpassed $1 billion at that point. Prices swiftly crashed after that and DENT had tumbled to less than a third of its peak value just a week later. This bearish trajectory continued for the rest of the year, and at the close of 2018, DENT was trading at $0.0013, representing a loss of almost 99% since its January peak.

The start of 2019 saw prices fall further until they reached a low of $0.0007 in April. DENT then experienced a rally in May which carried it up to a high of more than a quarter of a cent in June. After that, the trend reversed and prices fell for the remainder of the year. As 2019 finished, DENT was trading at $0.00016 – a decrease of 87% over the course of the year.

After a fairly static January 2020, DENT saw some growth at the start of February as it rose as high as $0.0003. This didn’t last long, however, and a few weeks later, DENT hit a low of $0.000066 following a crash of 49% on a single day in March. The next few months brought steady gains and in August prices briefly spiked to $0.00043. DENT then went into decline, reaching a low of $0.00016 in the first week of November, and had barely improved by the end of the year.

Prices began to rally immediately in 2021, doubling in January. February brought two more sharp surges, both followed by pullbacks of over 50%. In March, the growth became exponential and continued until DENT hit a high of $0.0227 in the first week of April. By that point, Dent had a market cap of more than $1.8 billion. This was followed by a sharp crash as DENT shed over three-quarters of its value during the next two and a half weeks. Prices fell further in May, as DENT dipped back below a quarter of a cent after a crash of more than 50% during a single day.

Analyzing Dent Price History

[guidelink dent] price history can be analyzed with many of the same techniques as the stock market. Technical analysis involves using various indicators while studying price charts in order to make sense of previous price movements. With DENT, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell DENT coins on exchanges.

Fundamental analysis, on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. The team behind the project has many years’ experience of founding successful internet and mobile start-ups and Dent has formed partnerships with major companies and industry bodies including Samsung Blockchain, GSMA, and Enterprise Ethereum Alliance. More than 26 million users are already registered with the platform, which supports over 140 countries and 220 mobile operators. These could be good signs for the fundamental Dent value.

Broader market trends have also played a role in DENT’s price history. Its surges in 2017 and 2021 weren’t unique – the entire cryptocurrency market pumped around these times. Bitcoin was in the midst of major bull runs then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

DENT’s huge single-day drop in March 2020 came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The sudden crash in May 2021 was also market-wide, affecting every single major cryptocurrency. Various contributing factors have been suggested, including comments made by Elon Musk, a crackdown by Chinese authorities, liquidations, and a healthy market correction.

The overall price trend of DENT tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Dent (DENT)

A variety of different things can affect DENT price, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

DENT has a capped max supply of 100 billion tokens, almost all of which are already in the circulating supply. This makes DENT a scarce asset, like Bitcoin, and so potentially a good store of value in the long term. The constant supply means that any increase in demand for the token should raise its price.

The main driver of DENT demand will be the token’s utility within the Dent platform, where users can buy, sell, or donate mobile data packages. The token is required for all platform purchases, meaning customers will have to buy DENT before they can buy products on the marketplace.

This demand should therefore grow with the number of Dent users. The introduction of cheaper mobile data products, future partnerships, expansion of services to more countries, and the growth of the mobile data market as a whole could all increase adoption of the platform and boost the price of DENT in the process.

Live Dent Value and Market Cap

The live DENT price varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given DENT’s volatility, its current price can change by a large amount in a very short space of time. The market cap of Dent is equal to the price of DENT multiplied by the number of DENT in the circulating supply.

Dent Price FAQ

How is DENT price calculated?

DENT’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying DENT than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of DENT different on each crypto exchange?

DENT’s price is based purely on trading as there is no standard global DENT price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affect the price.

What will DENT be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of DENT. However, demand for DENT will likely rise with the number of users on the platform, meaning more partnerships and expansion of the company could be positive for the price of DENT.

Conclusion

Throughout its history, the price of DENT has seen much change, touching lows of less than a hundredth of a cent and highs of almost $0.10. Its journey hasn’t been smooth, however, as DENT’s volatility has led to plenty of surges and crashes along the way.

Many different factors have played a role in determining the price of DENT, including demand for purchasing mobile data, the number of users on the Dent platform, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

If you want to get started with the most user-friendly trading experience on the market, register with Kriptomat today to begin your journey into the world of Dent and cryptocurrencies!