All top cryptocurrencies are still in the process of recovering from the most recent market dip. Outside of the top 50, however, interesting things are happening. Dentacoin is noting some very strong gains across the board. It seems to be a matter of time until the 5 Satoshi value is achieved.
Dentacoin Price Surges Gains Speed
In the world of cryptocurrencies, it is incredibly important to look well beyond Bitcoin and Ethereum. Albeit those two currencies dominate the cryptocurrency landscape first and foremost, they are also two of the main trading markets for a lot of smaller cap altcoins. Dentacoin is one such currency, although it is slowly solidifying its position in the top 75 by market cap.
Over the past 24 hours, the value per DCN has increased by over 18%. This is a solid gain in USD, BTC, and ETH value alike, as this token is now valued at 4 Satoshi. It seems to be a matter of time until that rate increases to 5 Satoshi, which would be a rather high value for this currency given the current momentum.
Speaking of Dentacoin’s Satoshi value, Crypto Monopoly was quite convinced this uptrend would materialize pretty soon. It is easy money, after all, as this altcoin jumped from 3 Satoshi to 4 Satoshi. That is a relatively easy 25% gain during an extended bear market keeping all cryptocurrencies in its grip. A very peculiar market to keep an eye on in this regard.
— ៚onopoly (@crypto_monopoly) October 30, 2018
It is also worth noting how this Dentacoin uptrend is not just native to today either. A very strong trend had begun materializing over the weekend, as DCN gained 13.5% on Sunday. Continuing such an uptrend is always a major challenge, and it seems Dentacoin is still firing on all cylinders in this regard.
State of the Top 💯 #Cryptocurrencies – last 24h
— Crypto Gulp (@CryptoGulp) October 28, 2018
All of this DCN price action appears to impact social media activity pertaining to Dentacoin. The number of tweets and Reddit users in the past few hours is on the rise, even though these are not exact indicators as to how the market will evolve. Any form of excitement is more than welcome at this point in time, though.
— CryptoTrendz (@CryptoTrendz) October 30, 2018
Although the current DCN price momentum would appear rather promising, the uptrend cannot be sustained indefinitely either. Something will give eventually, although there is still room left for further upward momentum over the coming days. At the same time, the profits are locked in place, and some users will cash out regardless. This weak trading volume is incredibly worrisome.
Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: [email protected]