Will DENT be the best altcoin investment of 2019?
Until now it’s one of the worst.
In 2019, DENT has gone from 0.0012$ to 0.0005$. Over 60% loss. The year before things went much worse.
Price went from 0.019$ to 0.0012%. 99% loss.
Dent is a decentralized exchange for mobile data. It's based on the Ethereum blockchain, allowing mobile data to be sold, bought or donated through an automated bidding process much like currencies or goods. The data packages are smart contracts in Ethereum. The DENT token is required to purchase mobile data within the Dent platform.
Although Dent is approaching a multi-billion dollar industry, and the numbers so far seem very positive (19M+ downloads), let's try to do a more in-depth analysis.
DENT's business model is based on two factors.
- Leverage on the sale of unused data by other major operators in the mobile phone industry.
Dent hypothetically gives the possibility to buy mobile data at prices lower than the normal market. I say hypothetically because, in the two markets that I have personally experienced, Italy and Spain, this is completely false.
See for yourself the proof I just made:
A refill of 5 euros is sold for 13482 DENT. Currently 1 DENT = 0.0004 Eur. So 0.0004 x 13482 = 5.37 Eur
So their promises are false, at least in the two countries where I made the proof. If any of you could do try in other countries, share them and I’ll update the article and insert it.
The data that I cannot analyze and comment on is advertising since it is not available in Italy or in Spain.
The positive I see in DENT is the mission and above all the development that the team is succeeding in doing by hitting the various milestones on the way.
The other positive things is in numbers:
10,000 followers on Reddit
28,000 followers on Facebook
46,000 followers on Twitter
11,000 followers on Telegram
First of all, it must be said that all these numbers above can be artificially inflated by bots.
The general feeling about DENT is negative and can be seen on their Reddit and Telegram.
The Red Flags
- Many people wonder about the possibility of a DENT exit scam, supported by the fact that the DENT team is selling all their tokens and highly manipulating the price. The team said it's to fund the milestones. This can evolve in two ways: either exit scams or they won't be able to make their milestones once all their tokens are sold.
- Dent has censorship. If you speak in their Telegram channel of the price or ask for clarifications, you are banned. It happened to me and a thousand others. Whatever the tone in which you ask, you are banned. Whether it is a question of curiosity or an accusation, it is indifferent.
- As I said above, the prices for those who use the DENT app are not cheap compared to normal operators. There is no real reason to use DENT and complicate your life with cryptocurrencies, exchange, and blockchain and not an existing operator with physical points and online and telephone support.
I think that the potential of Dent is immense both for their growth rate, for the market they are aiming for and for the global growth in the use of mobile operators.
I think an excellent opportunity for Dent to come with 5G and eSim, but before we understand if Dent is an undervalued gem or an exit scam we have to wait for the team to finish selling all their tokens and for the tokens to be all distributed.
DENT is a tricky one, but with 5g coming, it could be adaptable to that world. We shall see.
2019 could mark the return of bitcoin, but right now the market is still in la-la land and not doing too much if we look out from the horrible 2018 we just had
Bitcoin and blockchain are like the 3rd digital industrial revolution that will change the world for good. So its a little early to see if DENT will be one of the main players. I Could think, it needs to show its worth a bit more in 2019.
With blockchain when machine meets the internet, and the internet will be able to upgrade itself into a world we have never seen before. Also with 5G [which is coming] you will see a world where machine can interact with machine via the internet and this will also create a world that some people even 20 years ago though would never be possible.
Do you remember when they said the “internet will fail” there are so many people right now, saying 5G will fail, and so to BLOCKCHAIN. I can assure you this will not happen. We are just in caveman days, like you hear me saying on here.
With the horrific year in crypto-land in 2018, I would think 2019's a year about repair. We have a risk-on rally in global markets that's positive for bitcoin; it was a headwind last year. And the dollar isn't surging like it was last year. That's a headwind that's gone away I feel.
With bitcoin, it will not really rally. Its more about the debasement, and devaluation of the US DOLLAR. So that being the case, we need to watch for these events. Its already started to happen. But its early in the year, and its going to be a more stretched out event.
I have also noticed that bitcoin's technical indicators are stabilizing, with the digital currency managing to hold above its 200-week moving average, a thesis I have is centered on bigger events, and BAKKT and BITCOIN etf’s coming. I would say just be patient with alt coins.
Its funny that places like Venezuela, that are the most persecuted, are widely adopting bitcoin - bitcoin's become very large and widely used, turmoil is causing adoption growth. So this year is going to be interesting!!
Increased awareness around cryptocurrencies is already starting to take shape, but we are no where need mass adoption yet. Another topic I talk about, because without mass adoption we will continue to see market suppression.
Remember coins like dent and bitcoin are babies, when you talk about this new asset class. So that means, we all need to take a big deep breath in, and hold it in, and then slowly exhale back out!!
I think the outside window is five or six months before bitcoin could start to get a bit more handsome looking on the charts. Time will tell, but be careful in the alt world right now, there is a lot of BEER PRESSURE people are falling into, because they are hearing the rants and screaming on twitter or facebook about some “new kid on the block” coin, bound to fail if you look 12 months out from now.