Everything You Need to Know about DENT Coin
Dent Coin is a well-known cryptocurrency that has gained significant publicity. Let’s take a look at what Dent Coin is. After several cryptocurrencies, including Ethereum, XRP, and Doge, hit all-time highs, the crypto markets saw a significant downturn in recent weeks.
The crypto markets have recovered in recent days, with prices of so many famous coins touching their all-time highs. Let’s understand what a Dent Coin is — a new cryptocurrency that has recently received a lot of traction.
What is DENT Coin and how does it work?
Dent Coin is a cryptocurrency developed by the company ‘Dent,’ which aims to fundamentally change the global cellular data network. DENT strives to become the world’s global exchange with mobile data, as per the Dent website. According to the strategy, the world’s mobile data will be able to be sold, purchased, or contributed in the same way as other assets such as cryptocurrency and stocks are exchanged today. DENT aspires to reduce the world’s dependency on service providers by establishing a decentralized environment in which mobile data can be openly traded as a product. Upon the Dent network, Dent Coin/Dent Tokens will be used to make payments. According to their website, Dent aims to make data pricing visible and maximize purchasing efficiency via automated bidding, similar to spot markets and online advertising.
Also Read: Binance to Launch NFT Marketplace in June
Dent seeks to eliminate service providers’ monopolies and build a global network that people can use to send and exchange data, similar to how users trade cryptocurrencies today. It appears like a high-tech idea, but blockchain technology will make it a reality.
The cryptocurrency market has seen a huge spike in recent days. The cryptocurrency market has recovered since crashing in recent weeks attributed to a combination of factors. The value of DENT Coin has increased sharply 50% over the last 24 hours, as per CoinMarketCap. DENT Coin is a promising cryptocurrency.
Furthermore, when a coin gets a great deal of attention, its price usually increases, as we lately saw with Dogecoin. Several cryptocurrency experts say Dent will be the next big thing in 2021. However, these arguments should be considered carefully with the usability and its value.
