Helium Mobile

Rally

Value

Polkadot

Helium

Some altcoins today are seeing a strong and consistent bullish attitude with their traders, and Helium is one of those. The latest market data <a href="https://www.coingecko.com/en/coins/helium" target="_blank" rel="noopener nofollow">shows</a> that the token is up nearly 41% since last week.&nbsp; 
<img loading="lazy" decoding="async" class="wp-image-631097 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65" alt="" width="980" height="65" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65?w=980 980w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/a_64fc13.png?resize=980%2C65?w=750 750w" sizes="(max-width: 980px) 100vw, 980px" data-recalc-dims="1"> 
This is largely sustained by continuing efforts to make the network robust and usable in everyday life. Its <a href="https://x.com/helium_mobile" target="_blank" rel="noopener nofollow">entry</a> into the telecommunication industry also helped carry this momentum in the long run. 
<h2 id="strong-helium-mobilizing-userbase-strong">Helium: Mobilizing Userbase</h2> 
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 <a href="https://x.com/helium_mobile/status/1812940768610541751" target="_blank" rel="noopener nofollow">announced</a> that the platform has hit the 100,000 subscriber mark. This influx of users also brought attention to the Helium network as a whole. 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f38a.png" alt="🎊" class="wp-smiley" style="height: 1em; max-height: 1em;"> We just hit 100,000 sign-ups! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f38a.png" alt="🎊" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Fb5lvQ1Mni" rel="nofollow">pic.twitter.com/Fb5lvQ1Mni</a> 
 — Helium Mobile <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2601.png" alt="☁" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fabf.png" alt="🪿" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f95a.png" alt="🥚" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@helium_mobile) <a href="https://twitter.com/helium_mobile/status/1812940768610541751?ref_src=twsrc%5Etfw" rel="nofollow">July 15, 2024</a>
</blockquote> 
According to their <a href="https://blog.helium.com/helium-roaming-revolution-edf9df235564" target="_blank" rel="noopener nofollow">website</a>, 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.&nbsp; 
<img loading="lazy" decoding="async" class="size-full" src="https://www.tradingview.com/x/gVWfxBv3/" width="1835" height="883"> 
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.&nbsp; 
<h2 id="strong-bullish-not-so-much-strong">Bullish? Not So Much…</h2> 
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.&nbsp; 
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.&nbsp; 
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.&nbsp; 
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.&nbsp; 
Featured image from SVET, chart from TradingView

Helium (HNT) Rockets In Value With 41% Rally – Here’s Why

Table of Contents

NewsBTC

Other articles published on Jul 23, 2024

Bitget Revamps Spot Liquidity Incentive Program, Launches Recruitment Drive for Market Makers

New Memecoin Pepe Eats Solana (PEPEATS) Will Surge Over 19,000% Before Exchange Listings, As Shib...

Binance Customer Funds Gets Court Approval for Investment in US Treasury Bills

Rollblock’s revenue share model shines as FET, XMR continue to underperform

Python is the best choice for AI and ML apps development

Swiss Banks Replacing US Banks For Crypto Payments After FTX Collapse

Join our free newsletter for daily crypto updates!