Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back

Name	Symbol	Market	Market Cap ($)	Algorithm
Helium	HNTUSD	Crypto	1,011,319,077	Unknown

Name

Symbol

Market

Market Cap ($)

Algorithm

Helium

HNTUSD

Crypto

1,011,319,077

Unknown

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.140	-2.31%	5.92	5.92	5.92

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.140

-2.31%

5.92

High Price	Low Price	Open Price	Prev. Close	52 Week Range
6.31	5.86	6.04	6.06	2.40 - 11.16

High Price

Low Price

Open Price

Prev. Close

52 Week Range

6.31

5.86

6.04

6.06

2.40 - 11.16

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:08:16	4.99	5.92	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:08:16

4.99

5.92

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,728,623.72	284,833.58	HNT	HNTEUR	HNTGBP	HNTBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,728,623.72

284,833.58

Helium (HNT) Falters 15% As Crypto Market Tries To Bounce Back

11/10/2024 5:30pm

NEWSBTC

While Helium Mobile has enjoyed phenomenal success, the network has failed to keep pace, with the general market pulling it down further and with losses being multiplied as the market drops low. According to the latest market data, HNT, the native token of the network, dropped about 15% over the last two weeks which may endanger winnings pocketed in the last month. Related Reading: $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy However, investors and traders are banking on recent developments that might turn the tide once the market recovers from its pitfall. With these recent developments, gains might be around the horizon although investor sentiment remains shaky at best and bearish at worst. Helium-Ameriband Partners To Expand Helium Network Helium recently announced that it has partnered with Ameriband, a market leader in Wi-Fi infrastructure in the United States. According to Helium’s recent blog post, the partnership will bring 100,000+ data-only hotspots around the US, expanding the network’s coverage over the country overnight. Exciting News for Helium Mobile Users! 👏 Ameriband today announced its partnership with @helium_mobile to add 100,000+ Data-Only Hotspots to the Helium Network in the next few months across the US. These Hotspots will help deliver faster, and more reliable coverage to users… — Helium🎈 (@helium) October 9, 2024 “Ameriband’s vast network is deployed in well-known retail businesses, grocery chains, venues, and commercial locations across the country and will help drive usage to the Helium Network. Thanks to this partnership, anyone with a Helium Mobile phone plan will experience connectivity in even more locations than before,” stated Helium in the blog post. This came as a massive win for Helium as the network expansion nearly guarantees connectivity for US users. This means that Helium users who previously experienced connectivity issues will have fewer or zero problems regarding connectivity in the coming weeks and months. It also ensures that the average retail user will have exposure to the Helium network, possibly adding on the growing number of users of the platform’s mobile arm. The carrier offload program caters to 130,274 subscribers from three different network providers with over 122 TB of data routed to the Helium network, figures that will continue to grow as the Ameriband partnership takes effect. Rising Correlation With The Market Leaves Gains Behind For HNT HNT bulls are in the middle of an attempt to retest the current $6.79 resistance level. As of writing, HNT is still on the down-low with the token possibly taking another dive toward $6.23 in the coming days or weeks. The relative strength index (RSI), however, is hinting at a possible bullish reversal within this week or the coming week. Related Reading: Cardano Surges In Strength—Now 10x More Powerful, Analyst Says However, the rising market correlation with the broader market might endanger the token’s bullish momentum that is currently building up. With this in mind, HNT might continue to stabilize between the $6.23-$6.79 trading range in the coming days but may drive down toward $6.23 or $5.67 if the bears remain superior in the coming months. Featured image from Pexels, chart from TradingView

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