Helium Bucks Market Trend with 11% Price Surge
Helium (HNT), the token powering the decentralized network for Internet of Things (IoT) devices, defies broader crypto slump with a double-digit price increase. HNT price jumps 11% in 24 hours, reaching $5.11.
Trading volume explodes by 166%, exceeding $58 million. Helium stands out as a bright spot amidst a sea of red in the crypto market.
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Helium Mobile Update Credited for Price Rise
Analysts attribute the surge to significant developments within the Helium Mobile update. Key highlights include:
- Over 62,000 new unlimited plan subscribers since January, burning nearly $3,000 of HNT daily through data usage.
- Integration testing with major carriers like AT&T and Google Orion for data offloading.
- Launch of business plans, international roaming add-on, and in-app phone plan payments.
- Improved user experience and anti-gaming measures for the network.
These advancements suggest growing adoption and utility for the Helium ecosystem.
Helium’s Position in Decentralized IoT Network (DePIN)
HNT is the native token of Helium, a leading DePIN network. DePIN utilizes blockchain technology to facilitate secure and affordable IoT communication. HNT incentivizes network operators (Hotspot owners) to provide wireless coverage and validate transactions.
HNT/USD Technical Analysis Suggests Potential Long Opportunity
Analysts like TraderAAG observe a technical breakout on HNT’s price chart, hinting at a potential long position for investors. However, a retest of the current price level is recommended before entering a trade.
Helium’s Future Outlook
Despite market uncertainty, Helium’s recent performance highlights its potential. The project’s expanding ecosystem and focus on onboarding both crypto natives and non-crypto users position it for future growth.
HNT Price History and Predictions
HNT’s price experienced significant fluctuations in the past. The 2023 migration to the Solana blockchain marked a major transition. Future price predictions for HNT vary widely, ranging from under $5 to over $188 by 2030.
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