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Tag: HNT

  • Helium Rockets Up 18% As Investors Weigh In New Developments

    Helium Rockets Up 18% As Investors Weigh In New Developments

    Investors flock to Helium (HNT) after it showed strength despite the stagnating momentum of the market. According to CoinGecko, the token is up more than 21%, going against the market’s flat trajectory. This came after a cryptic post about Helium’s plans that might indicate a better future for the platform and its users. 

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    With this in mind, HNT continues to be an attractive investment for both users of the platform and those who are chasing gains in the long term. But with the market’s stagnating momentum, investors and traders should exercise caution as any swing by the broader market might lead to a downturn. 

    Cryptic Message Boosts Investor Interest On HNT 

    Abhay recently posted a mysterious message that’s hinting at a possible network upgrade soon. This sent the community spiraling into speculation, with Abhay stating that it would be a busy month for the network. 

    The hype this post generated is substantial as community members await an official announcement for the speculated upgrade that might happen soon. 

    Mobile Carrier Beta Passed, Expands Network Reach 

    HIP 129 was passed three days back, allowing all Mobile hotspots to participate in the Carrier Beta. This expands the reach of the Carrier Beta which will affect the performance of the network in the long term. 

    With almost the entire mainland United States having Helium network coverage, the community will observe a jump in the number of users trying to offload Carrier beta. As of press time, over 58,000 users have joined since last week, a net gain of 5,122. 

    Data usage has also experienced an uptick with an additional 1.5 terabytes of data flowing through the platform. 

    HNTUSD trading at $7.9 on the daily chart: TradingView.com

    Investors Win With New Opportunities For Helium

    The token is currently resting above the $7.2 support with the bulls approaching the $8 ceiling confidently. With a strong bullish sentiment backing its trajectory, HNT is set to break through this ceiling in the coming hours or days. Thanks to Helium’s on-chain developments, investors’ confidence is at its highest as they continue to accumulate the token. 

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    However, the relative strength index (RSI) suggests that the momentum will slow down. But this may occur well after a breakthrough on the $8 ceiling. If this occurs, investors and traders have a shot at $9 in the long term. 

    Putting the market’s general sentiment into consideration, HNT might experience a slight pullback, possibly returning to the $7-$8 price range before a strong upward push towards $9. This represents a nearly 22% increase in price. 

    Investors and traders, however, should be mindful of the market as any swing of the broader market might influence the token’s trajectory in more ways than one. 

    Featured image from Live Science, chart from TradingView

    Christian Encila

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  • Helium Token Balloons To 85% For A Yearly High

    Helium Token Balloons To 85% For A Yearly High

    After rising sharply from the $2.00 bottom, Helium (HNT) demonstrated a strong upswing that further fueled the market’s positive attitude and increased the momentum of the advance.

    This week has witnessed bull action for the Solana-based Helium Network’s HNT coin, which has seen a 70% weekly rise to $4.86.

    Based on the most recent data, HNT, which has a market cap of about $700 million and an amazing $10 billion in trading volume as of press time, quietly touched a yearly high of $5.12 over the weekend after seeing a commanding 85% price spike in only seven days.

    Helium Climbs To Yearly High

    HNT price action today. Source: Coingecko

    Buyers demonstrated an upswing and were able to keep the price above both EMAs. The 200-day EMA, which shows strength in the most recent bull run, is about to cross paths with the 50-day EMA for helium. In the event that the crossing takes place, prices may reach new swing highs.

    The price of helium has been more volatile this week due to a divergence in the Bollinger Bands. Indicating bull domination throughout the course of the week on the price of helium, HNT’s relative strength indicator is above its average line in the overbought area.

    HNT

    HNT price prediction for December. Source: Coincodex.

    HNT was up from $2.73 to $5.78 in the first week of December, signifying a 70% increase in price. Just this past month, the token has increased by over 190%.

    The most recent estimate for the price of Helium is that it may reach $5.75 this month, according to Coincodex.

    For a network that has primarily dealt with bad press regarding its product and the transition from its proprietary blockchain to Solana, this price performance marks a turnaround.

    HNTUSD trading at $5.31 today. Chart: TradingView.com

    HNT Among Top Crypto Performers

    In the cryptocurrency market, Helium, a decentralized network that launched in 2019, has made significant progress. It is now among the best performers. Concurrent with this price increase is Solana (SOL), which has risen by over 50% over the past 30 days.

    On November 12, 2021, HNT reached its highest point at $55.15. On the other hand, it fell to an all-time low of $0.200 on May 29, 2020.

    The lowest recorded price since the all-time high was $1.16, and the highest was $5.75. The Fear & Greed Index shows a score of 72 (Greed), and the current consensus for Helium’s price prediction is positive.

    Meanwhile, analysts say the $20 monthly phone plan from Helium Mobile, which gives customers unlimited data, voice, and text, is mostly the impetus for HNT’s price increase.

    According to a recent survey, the average American spends about $150 a month on phone plans alone. Helium’s newest connectivity service is expected to provide a more affordable option than traditional service providers.

    Featured image from Pixabay

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

    Christian Encila

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