Helium Mobile

Solana

Nova

Helium

Daily

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/altcoins-explode-as-bitcoin-hits-21k-compound-comp-helium-hnt-rally-over-35" rel="noopener noreferrer nofollow">Helium (HNT)</a>, which is based on Solana, had a stunning 50% increase in a relatively short time during today's trading session.
The price increase began on Tuesday, shortly after the <a href="https://twitter.com/helium/status/1732170015120470095" rel="noopener noreferrer nofollow">Helium network</a> announced that users throughout the United States can now access unlimited data, voice and text for $20 per month via a newly launched mobile service.
<blockquote>
 📶 Leveraging the <a href="https://twitter.com/hashtag/Helium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Helium</a> Network, <a href="https://twitter.com/helium_mobile?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@helium_mobile</a> launches a nationwide phone plan for $20/month.📱 <a href="https://t.co/s5sA3X2w38" rel="noopener noreferrer nofollow">https://t.co/s5sA3X2w38</a>— Helium🎈 (@helium) <a href="https://twitter.com/helium/status/1732170015120470095?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2023</a>
</blockquote>
Since partnering with T-Mobile in September 2022, Nova Labs, the company behind the Helium Network, has been planning the nationwide phone plan launch.
This became a reality as Helium Mobile has now launched a nationwide phone plan leveraging the Helium network — a mobile service backed by people-powered hotspots and a 5G network.
Given this, HNT, the Helium Network's native crypto asset, rallied from lows of $2.75 to highs of $3.00 in Tuesday's trading. The price increase hit a critical level at $3.00, coupled with the positive ride in the crypto market, causing HNT bulls to go on a rampage.
This accelerated the rise, with Helium's HNT jumping from $3.00 to $4.99 in Wednesday trading, creating a monster green candlestick. <img alt="TradingView" data-entity-type="file" data-entity-uuid="b208b507-3dbd-459b-9a5c-c41f27ca6580" src="https://u.today/sites/default/files/inline-images/0612023%200000.png"><a href="https://www.tradingview.com/x/UHkHHud6/" rel="noopener noreferrer nofollow">HNT/USD Daily Chart, Courtesy: TradingView</a>
At the time of writing, HNT was up 47.33% in the last 24 hours to $4.06. This price move has made Helium one of the largest gainers, ranking second only to Bittorrent, which has gained 105% in the last 24 hours.
In response to the price volatility, HNT's 24-hour trading volume has also increased. Helium's trading volume soared by 1,039% in the previous 24 hours, according to <a href="https://coinmarketcap.com/currencies/helium/" rel="noopener noreferrer nofollow">CoinMarketCap </a>data, with $28,912,353 worth traded in the last 24 hours.
In April, Helium completed its upgrade to <a href="https://u.today/whale-makes-big-moves-on-solana-sol-is-trend-reversal-on-horizon" rel="noopener noreferrer nofollow">Solana</a> in one of the most significant Layer-1 blockchain migrations ever. Helium previously operated its own Layer-1 blockchain, but the Solana network provided more opportunities for growth and success.

Solana-Based Helium (HNT) Jumps 50% in Instant, Here's Reason

U_Today

Other articles published on Dec 6, 2023

Altcoin Market Gains Momentum Following Bitcoin’s Rally

On-Chain Resume: The Key To Hassle-Free Job Applications?

Bitcoin (BTC) Still Targets $1 Million, Per Samson Mow, As He Says Balaji Srinivasan Got Timing W...

SEC Insider: Bitcoin ETF Approval Probability Surges Beyond 99% As BTC Hits Fresh Yearly High

Bitcoin Maxi Forecasts Monumental Price Surge: A $100,000 God Candle in Play

Bitcoin OI inches towards 2021 ATH

Join our free newsletter for daily crypto updates!