The Dent (DENT) coin is making a big splash today. This Ethereum-based cryptocurrency has been an up-and-comer for months now, but today it is getting the added attention of having added 27% to its price in the past 24 hours. In fact, it’s the top gainer for the day, according to CoinMarketCap.
Why is the DENT coin price up today?
Why the sudden surge, you ask? It’s undoubtedly because a bombshell announcement just hit the interwebs: Dent will be added to the OkEx exchange. If you didn’t know, OkEx is a pretty active trading platform, ranking among the world’s most popular:
@OKEx_ , the 3rd largest Exchange of the world with over 2 Billion USD daily volume, is listing DENT! More info: https://t.co/dmYrkfo0eg #eth #btc #cryptocurrency #dent #dentcoin #Ethereum #bitcoin #mobile pic.twitter.com/A7qiUU1Bid
— DENT (@dentcoin) January 29, 2018
Today’s boost in price is certainly a welcome breath of fresh air for those who have been holding onto this coin. That’s because these investors have had a rough go of it. This currency shot up from around $0.02 to $0.11 in the first week of January, then quickly plummeted back down before gradually slipping down to 3 cents – until yesterday.
There’s more on the horizon for Dent (DENT)
This blockchain-based cellular data exchanging platform released an iPhone version of its trading app last month. We have known for a while that an Android version would be coming in Q1 – but we now have confirmation that it will be by the end of the month.
Why is it a big deal that Android phone owners can soon use this app? That is a huge untapped market for Dent – I’ll let them explain:
“Adding the Android app after launching the iOS app in December 2017 is the key scaling factor of the DENT business. As our goal is to provide the easiest way to buy and remit data, we need to target the market with the most prepaid phones: The developing world with billions of prepaid users. As Android is 90%+ on those markets, the upcoming version is key for scaling.”
The Android app will only mean more growth
When this app becomes fully functional in the prepaid user market – this coin is most likely going to soar in value, especially after all the buzz it’s getting on the crypto media circuit.
Like Siacoin (SC) users can rent out their unused digital storage, the Android users of this program will soon be able to take advantage of unused data.
On top of that, Dent is working on a system where you can earn data while you sit and watch advertisements. After watching a Walmart commercial, for example, you get an SMS notifying you that your wallet has been credited.
Check out the roadmap on their site to see what other cool features will be coming up.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.