Helium (HNT) Rockets In Value With 41% Rally – Here’s Why
23 Luglio 2024 - 5:00PM
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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. Related Reading: Polkadot (DOT) Poised For Rally?
Analyst Predicts $9.00 Breakout 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. 🎊 We just hit 100,000 sign-ups! 🎊 We want to extend a
huge thank you to our community for helping us reach this insane
milestone! Together, we’re innovating the telco industry 🙌
pic.twitter.com/Fb5lvQ1Mni — Helium Mobile ☁️🪿🥚 (@helium_mobile)
July 15, 2024 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. Related Reading: ‘Early
Signs Of Breakout’ – Solana To Explode By 900%, According To
Analyst 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
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