Helium (HNT) Surges 48% — Here’s What’s Fueling The Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
Polkadot	DOTUSD	Crypto	5,381,473,859	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polkadot

DOTUSD

Crypto

5,381,473,859

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.110	-2.82%	3.79	3.79	3.79

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.110

-2.82%

3.79

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3.92	3.74	3.91	3.90	3.60 - 12.01

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3.92

3.74

3.91

3.90

3.60 - 12.01

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:22:53	0.263783	3.79	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:22:53

0.263783

3.79

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,220,963.98	322,025.28	DOT	DOTEUR	DOTGBP	DOTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,220,963.98

322,025.28

Helium (HNT) Surges 48% — Here’s What’s Fueling The Rally

13/08/2024 7:30pm

NEWSBTC

As the market action resumes, Helium keeps on surging to the top and draws the attention of investors. According to CoinGecko, the token is up more than 48% since last week. HNT becomes a prime target for both investors and traders looking for an income-making asset in the long run. Related Reading: $3 Million PEPE Gamble Sparks Speculation Of Incoming Price Surge Helium Mobile has been in the spotlight as it showed its reliability and strength, coming face to face with major telecom providers in the US. Recently, it flexed its muscles again as it announced the test of two carriers that offload their network traffic to the platform, setting new records once more. Carrier Offload Beta Now Out Showing Big Results With Helium Mobile’s announcement that the Carrier Offload Beta is now live, two carriers tested the network, bumping network statistics up by a significant margin. 📶 Our Carrier Offload Beta is now LIVE! You can now enable your Hotspot to be a part of our Offload Beta in the Builder App or Hotspot Dashboard! 🛠️ Now, subscribers from several other carriers can connect to and transfer data through your Helium Mobile Hotspot(s). pic.twitter.com/mlHZmQb0G9 — Helium Mobile ☁️🪿🥚 (@helium_mobile) August 9, 2024 According to the platform’s website, the platform saw almost 60,000 new users from the two carriers while a total of five terabytes worth of data has been offloaded on Helium Mobile. These numbers have been achieved with a mere 89 hotspots in total for both carriers. The reliability of the network showed that it can go head-to-head with major players in the telecoms industry despite essentially being the new kid around the block. With the focus on decentralized physical infrastructure networks (DePIN) gaining more interest, Helium’s entrance into the telecom industry gives consumers another affordable carrier to choose from. As both postpaid and prepaid plans go up in price, Helium’s position as a cheap and reliable alternative will help it grow in the coming years. Helium Price To Stabilize At This Level Percentage-wise, HNT has achieved something great, giving investors and traders gains along with the general upward movement of the market. However, it seems that the token will stabilize on a narrow price range. Related Reading: Polkadot (DOT) Seen Reversing Losses With 116% Rally To $10 – Analyst Investors and traders will have to make do with the current $6-$7 price range. This can swing both ways as it leaves both bears and bulls with little to no wiggle room to gain momentum which means the next few days will be crucial for HNT’s short-term viability. If the bears get a hold of the momentum, we can expect the token to drop a few percent towards $5.5 before the bulls regain control. But if the opposite were to happen, HNT bulls have the opportunity to regain $8 in the long term, that is if the bullishness continues along with a positive attitude in the general market. However, with major macroeconomic indicators being announced soon, investors and traders should expect more volatility in the weeks before HNT returns to a fair market price. Featured image from The Merkle News, chart from TradingView

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