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<p><a href="https://coinmarketcap.com/currencies/helium/" target="_blank" rel="noreferrer noopener">Helium (HNT)</a>, a decentralized blockchain-powered network for Internet of Things (IoT) devices, has seen a significant price surge of 12.68% in the past 24 hours, despite the broader cryptocurrency market experiencing a slump. The token is currently trading at $5.13, with a market capitalization of $825,682,305, placing it at #98 on the cryptocurrency rankings by market cap.</p> 
<p>The 24-hour trading volume for HNT has also seen a massive increase of 165.68%, reaching $58,037,104. Over the past 24 hours, HNT has traded between a low of $4.53 and a high of $5.52, showcasing the token’s strong performance amidst the market downturn.</p> 
<h2 class="wp-block-heading" id="what-is-helium-hnt">What Is Helium (HNT)?</h2> 
<p>Launched in July 2019, <a href="https://www.helium.com/" target="_blank" rel="noreferrer noopener nofollow">Helium</a> is a decentralized blockchain-powered network that enables low-powered wireless devices to communicate with each other and send data across its network of nodes. The Helium mainnet allows IoT devices to connect and interact seamlessly, creating a robust ecosystem for data transmission and communication.</p>  
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<h2 class="wp-block-heading" id="helium-mobile-update-drives-price-surge">Helium Mobile Update Drives Price Surge</h2> 
<p><a href="https://twitter.com/rawrmaan/status/1784692741961592849" target="_blank" rel="noreferrer noopener nofollow">Arman Dezfuli-Arjomandi</a>, an X user, attributes Helium’s recent price surge to its mobile update, which has witnessed significant developments and adoption. Some of the key highlights include:</p> 
<ul> 
 <li>Addition of 62,463 unlimited plan subscribers since January 1, leading to nearly $3,000 of $HNT burn per day from their data usage on Wi-Fi hotspots.</li> 
 <li>Preliminary integration testing with AT&amp;T (223 million subscribers) and Google Orion for data offload.</li> 
 <li>Launch of $20/mo business group plans and upcoming IRL events in various cities across the US.</li> 
 <li>Launch of subscriber store for buying Hotspots and Pixel phones with $MOBILE in-app.</li> 
 <li>Introduction of international roaming add-on and in-app phone plan payments with $MOBILE.</li> 
 <li>Launch of new discovery mapping with better UX and hex-based anti-gaming.</li> 
 <li>Launch of Helium Free Wi-Fi to add utility for local businesses while onboarding customers.</li> 
 <li>Availability of SIM cards on Amazon and onboarding crypto natives with ads on Solana podcast offering 3 months of free service.</li> 
</ul> 
<p>Dezfuli-Arjomandi also highlights that in recent months, the $20 plan has been paying for itself with mapping rewards, effectively providing most subscribers with unlimited phone service for free.</p> 
<p>This unique value proposition, along with Helium’s position as one of the largest hosted Solana wallet providers, presents numerous opportunities to onboard non-crypto natives to Solana and provide them with a great first crypto experience.</p> 
<h2 class="wp-block-heading" id="technical-analysis-hnt-breaks-diagonal-trendline">Technical Analysis: HNT Breaks Diagonal Trendline</h2> 
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<p>Trader TraderAAG has <a href="https://twitter.com/TraderAAG/status/1784767439818870913" target="_blank" rel="noreferrer noopener nofollow">noted</a> that HNT/USDT has broken the diagonal trendline on the 4-hour timeframe, suggesting a potential long opportunity for investors. TraderAAG advises waiting for a successful retest before entering a long position, with the major resistance level at PML $5.89 and the support level at PWL $3.435.</p> 
<p>Helium’s recent price surge, driven by its mobile update and increasing adoption, demonstrates the project’s resilience and potential amidst a broader market slump. As Helium continues to expand its ecosystem and onboard both crypto natives and non-crypto users, the future looks promising for the decentralized IoT network.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-helium-hnt-price-up/">Why is Helium (HNT) Price Up?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Helium (HNT) Price Up?

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