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Dether (DTH) Analysis

Market Cap

$4,438,496 USD

Volume (24h)

$180,987 USD

Top cryptocurrency services

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3.3
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Dether Markets Rank: 2/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Dether Volume Ratio Rank: 4/100

  • Market Cap

    The total cost of all coins available.

    Dether Market Cap Rank: 84/100

  • 24h Change

    Is the price moving up or down?

    Dether 24h Change Rank: 54/100

  • Social Following

    How many users are following this coin?

    Dether Social Following Rank: 92/100

  • Google Trends

    How many users are searching for the coin?

    Dether Google Trends Rank: 10/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Dether Twitter Citation Rank: 1/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Dether User Voting Rank: 66/100

Dether investment analysis

The Dether platform is intended to be an all in one ecosystem where individuals can not only buy and sell cryptocurrencies for cash with each other, but they can also use them to purchase items from stores. These stores can also act as a hub for cryptocurrency enthusiasts, further strengthening their business within the community.

While this is an excellent goal, they do have one very large competitor. LocalBitcoins has been connecting people in this manner for years, however, if Dether can create an application that is both easy to use and mostly free from the rampant fraud on that platform, then users may consider swapping systems.

This project makes its largest contribution by way of ease of use. Their slick mobile app UI is easy enough for anyone to use, and the built-in wallet is safely stowed on your hardware device rather than a web page. The unique feature of allowing local businesses to become crypto hubs in their community may also entice you to make a Dether investment, as this makes it easy for more locales to access these alternative currencies without additional infrastructure or the intrusive regulations associated with Bitcoin ATMs.

Dether investment price
$0.052218
Dether expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+40.5%
Dether Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.073348
Dether Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

552/2837
by Safety
1575/2837
by Profit
historical data

How to buy Dether?

Those who are looking to buy Dether may find the exchange selection a little lacking. There are only a few listings for this token, unfortunately, and it may require some additional accounts in order for you to make a purchase. However, the volume is enough that you can make a trade successfully. Surprisingly, the US Dollar is the largest volume trading pair here, with Ethereum coming in a close second.

This is an ERC20 asset, and investors will need an Ethereum wallet that allows for the storage of these tokens. There are plenty of options here, and a few popular choices include My Ether Wallet, Meta Mask, and the Coinomi mobile wallet. In any case, be sure to backup your wallet file or seed for safe keeping. If you need to recover your wallet due to hardware failure, this will be the only way to reclaim ownership of your assets.

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Is it safe to invest in DTH now?

The Dether analysis shows us that the social following and the Google trends for this project are quite good. However, while they are attracting some attention from curious users, their trading volume is very low. This could be due to the small number of exchanges upon which they are listed, but investors should be cautious here anyway.

However, this project is relatively new, and the coin supply is quite low, which means patient investors could see a nice boost in their initial investment when the volume does start rolling in for this asset.

As far as the technology goes, their plans seem fairly solid. Users will essentially use the application to alert people that they are available to trade cryptocurrencies. In order to appear on the map, and to be "open for business", both individuals and shop owners will need to "stake their tokens". Their plan is that the initial investment required to begin using the platform will deter those who might behave badly here.

However, since their main target is the "unbanked", and the token supply is so low, this could also prove to be a huge barrier in countries where this service would be needed the most if the price of the token were to grow in value quickly. It's good news if you invest in DTH tokens though.

The competition will likely be the largest barrier for this project. LocalBitcoins has been operating for some time, and it's typically the go-to option for those looking to purchase their crypto with cash. Their large, dedicated user base is unlikely to switch, and acquiring a user base becomes a chicken or egg scenario where you can't have buyers without sellers, and the sellers will not bother if there are no buyers.

In short, it's likely the project is too quiet to overcome their predecessor, and it will probably take them a long time to carve out a spot for themselves in this niche at all, and the staking procedure seems inconvenient, and costly to their target market.

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