Helium (HNT) Rockets In Value With 41% Rally – Here’s Why

Share This Post

Some altcoins today are seeing a strong and consistent bullish attitude with their traders, and Helium is one of those. The latest market data shows that the token is up nearly 41% since last week. 

This is largely sustained by continuing efforts to make the network robust and usable in everyday life. Its entry into the telecommunication industry also helped carry this momentum in the long run.

Helium: Mobilizing Userbase

Helium’s mobile arm is the reason why HNT is at the top of its game this week. Last week, July 16, the Helium Mobile X account announced that the platform has hit the 100,000 subscriber mark. This influx of users also brought attention to the Helium network as a whole.

According to their website, accompanying the 100,000 users that joined up is the deployment of nearly 15,000 hotspots within the same timeframe. Helium Mobile also has a Carrier Offload program which, even though it’s still in the beta phase, has already shown some promise with over 190,192 offload subscribers.

The Carrier Offload program makes it possible for non-Helium Mobile users to connect to hotspots that are part of the beta deployment. This development will help the network by slowly but surely introducing the network to the general public. 

Even if the Carrier Offload program is discontinued, the aggressive pricing of Helium Mobile at $20 a month will make it competitive to the average consumer, which will introduce them to the whole Helium ecosystem as a whole. 

Bullish? Not So Much…

As the market moves forward, the sudden surge in the price of HNT will eventually stall and ride the wave downwards. Long-term holders of the token will see this extreme jump as a sign to sell, and push the token down to the $4.465 support line. 

This leaves the bulls in an awkward position: either to hold or join the bearish wave and then anchor on the $4.465 line. If HNT does fall to the $4.465 line and the bulls are successful in defending this level, the $8 ceiling might be in reach. 

This, however, is if they are successful in defending. If the ears do win the deadlock in the next couple of days, they can bring the token down to $3 or $2. 

But volatility-wise, it may also help in taking the $8 line if they are lucky. Helium’s innovation within the telecommunication space will help secure the much-needed investor confidence to ride the coming wave. 

Featured image from SVET, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Markets Stumble in Lockstep With Wall Street as $2.7T Ecosystem Shudders

Bitcoin and global cryptocurrency markets retreated in tandem with US equity benchmarks on Tuesday, as bearish sentiment gripped financial markets The digital asset ecosystem contracted by 189% over

Internet Computer Price Prediction 2025, 2026 – 2030: Will ICP Price Hit $20?

The post Internet Computer Price Prediction 2025, 2026 – 2030: Will ICP Price Hit $20 appeared first on Coinpedia Fintech News Story Highlights The live price of the ICP crypto is Internet

BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets

BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level This milestone, achieved after weeks of testing and consolidation, has sparked

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Dubai offers tokenization sandbox to boost digital finance leadership

The Dubai Financial Services Authority (DFSA) has invited firms to express interest in joining its Tokenization Regulatory Sandbox before April 24, 2025 In a March 17 announcement, the DFSA—an