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DENTUSDT

DENT (Dent) Token Analysis 27/05/2021Fundamentals: Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization. Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra. Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data. Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location. DENT is an Ethereum based ERC-20 token. This means that the Dent platform operates thanks to the proof-of-stake (PoS) consensus method. Unlike Bitcoin, which utilizes the proof-of-work (PoW) consensus mechanism, Dent relies on large stakeholders to become nodes and transaction validators. The benefits of PoS consensus mechanisms are many, but the most prominent include increased scalability and reduced electrical and computing power consumption. Considering this, many platforms are looking to utilize the Ethereum blockchain to launch their products. Dent is one of the pioneer projects to launch an ERC-20 token back in 2017. Tero Katajainen is the founder and CEO of DENT Wireless. He acquired a master’s degree diploma in sciences from Tampere University of Technology in 1999. After graduating, he became a system administrator and java programmer at the university. In 2001, Katajainen became the CTO of Genetics AG, and in 2003 he founded Pocket Indian Software Solutions. Katajainen served as a senior Java/Android consultant for the United Nations in 2015. He has multiple awards and honorary achievements in the field of technology. Mikko Linnamäki is a co-founder of DENT Wireless. Since 2000 he has been an active entrepreneur and businessman. With five successful businesses before founding Dent, Linnamäki introduces himself as a “serial web-entrepreneur and Internet software pioneer.” His most long-standing business venture is Smartseed GmbH, which has been successfully operating since late 2000. Since then, Linnamäki participated in the founding of DEVCOT, one of the largest open-source IMAP servers globally. According to the company whitepaper, there is a maximum supply of 100 billion DENT tokens. The total circulating supply at the time of writing is 93,690,412,211 DENT tokens. Of the total supply, 8.6 billion DENT tokens were sold at a fixed price of $0.0005 per token during the company’s initial coin offering (ICO). 30% of all DENT tokens remain at the company for strategic acquisitions and market seeding, user incentives, salaries and bonuses. The remaining 70% of the token supply was released during pre-sale and sale events, and any outstanding tokens were locked up and released quarterly after that. The live Dent price today is $0.004486 USD with a 24-hour trading volume of $70,555,679 USD. Dent is up 13.71% in the last 24 hours. The current CoinMarketCap ranking is #119, with a live market cap of $439,586,432 USD. It has a circulating supply of 97,998,841,249 DENT coins and the max. supply is not available. Technical Analysis: As you can see this Token has done its retracement to the below 78.6% level of Fibonacci Retracement which is a very Important Fibot Point and can Pivot the Price Back to the bullish Trend. we have defined 3 targets based on the Fibonacci Projection of the initial impulsive cycle. the 3 Target gets confirmed as the Price Triggers the 2 TP which is the extension level 161.8% of the Fibonacci Projection and it makes the 3 Target Secured.
Long
by BitonGroup
20
DENT - INTERESTING TARGET FOR POSSIBLE Increase trendHello trading friends, This is a small update for Dent that shows interesting trends in the short term. Depending on the last trend if the dent stays above the risk zone, that it could breakout. It's always good to make a dollar-cost average on difference trading so that you will be not focused on 1 trade. and for day traders, it's important to use a max loss before entering any trade. I did scan this view and did share it with you all, so you can take a look at it to see if it's interesting. know that Dent has had a 31%+ breakdown trend since the last point and it can still break down more - but since dent is now on the important level it could behave a new increase range and that's interesting to watch out. - This is not a trading call view, but more to check the trend and that we all learn more from increasing coins. Have a great day all!
Long
by watchtrend
DENT - Easy Double BottomDent is fast approaching a double bottom level where we may see price bounce off aggressively like it did in late July. For confirmation of bearish reversal, you can wait for the break of the red descending trendline. It is possible to take short term short trades back to the double bottom but there will be limited gains. The bigger move will be the move up. Trade Idea: - Watch for price to continue correcting back to the double bottom region of 0.001500 - Once bullish price action appears, enter with stops below the structure (risk entry) - For safe entry, watch for the break of the descending red trendline and enter with stops below the structure level - Target the recent highs as first target and actively manage your other positions Goodluck!
by Altsignals
1