Helium Rockets Up 18% As Investors Weigh In New Developments

Name	Symbol	Market	Market Cap ($)	Algorithm
Polkadot	DOTUSD	Crypto	6,398,499,554	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polkadot

DOTUSD

Crypto

6,398,499,554

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.020	-0.41%	4.81	4.81	4.81

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.020

-0.41%

4.81

High Price	Low Price	Open Price	Prev. Close	52 Week Range
4.87	4.76	4.85	4.83	3.56 - 12.01

High Price

Low Price

Open Price

Prev. Close

52 Week Range

4.87

4.76

4.85

4.83

3.56 - 12.01

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:18:42	13.45	4.81	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:18:42

13.45

4.81

USD

Price x Volume	Volume	Base Symbol	Related Pairs
681,170.98	141,589.23	DOT	DOTEUR	DOTGBP	DOTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

681,170.98

141,589.23

Helium Rockets Up 18% As Investors Weigh In New Developments – Details

18/08/2024 6:00pm

NEWSBTC

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. Related Reading: Polkadot (DOT) Investor Confidence Falls As Token Loses 16% 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. 1.0 – launch a wireless network 2.0 – scale two networks 3.0 – scale all networks stay tuned, @helium pic.twitter.com/2aNUG8IyDe — abhay 🎈 (@abhay) August 16, 2024 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. 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. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has ‘A Great Chart’ 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

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