Helium Mobile

Solana

Helium

Velocity

<div class="cryptonews">
 <p class="is-style-lead">Helium Mobile (MOBILE) is spearheading a dynamic shift in the crypto market towards smaller-cap altcoins, with its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> surging by 90% in the last 24 <a rel="noopener noreferrer nofollow" title="hours" href="https://thebittimes.com/tag/hours.html">hours</a> to $0.0072.</p>
 <p>The altcoin’s <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> is mirrored in its trading volume, which has escalated by 243%, reaching $19.8 million.</p>
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   <img decoding="async" width="898" height="495" src="https://cdn.thebittimes.com/images/2023/12/18/908519142fea2eabc0f0eaddc06a2f96.webp" alt="Helium Mobile's 90% price increase in 24 hours caps altcoin surge - 1"> 
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   MOBILE <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> chart | Source: CoinMarketCap
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 <p>The driving force behind Helium Mobile’s rapid <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="increase" href="https://thebittimes.com/tag/increase.html">increase</a> is attributed to the recent launch of its nationwide unlimited mobile services, <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>d competitively at $20 per month. This strategic move has led to the mobile virtual network operator (MVNO) amassing an estimated 8,000 subscribers.</p>
 <p>A unique aspect of Helium Mobile’s service is the integration of blockchain technology, offering subscribers the chance to earn ‘mapping rewards.’</p>
 <p>Subscribers who opt to share their phone’s session connection data with Helium are rewarded with a non-fungible token (NFT) minted into their Helium wallet based on the Solana blockchain. These NFT holders receive a proportion of the MOBILE mapping rewards, which accounts for 20% of all $MOBILE rewards.</p>
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 <p>The approach not only incentivizes users but also aids Helium Mobile in collecting valuable location data, ultimately reducing network usage costs and enhancing service efficiency.</p>
 <p>Salvador Gala, co-founder of Escape Velocity Ventures, a firm investing in decentralized web technologies, provided insights into Helium Mobile NFT issuance. According to Gala, approximately 8,000 individuals have received the Helium Mobile NFT, a figure that closely mirrors the company’s subscriber count.</p>
 <p>Additionally, about 34,000 individuals have engaged with the app for mapping purposes, though they may not have subscribed to the service yet.</p>
 <p>This <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in Helium Mobile’s value comes amid a general downturn in the broader cryptocurrency market. The total market capitalization currently stands at $1.55 trillion, having experienced a 2.52% decline.</p>
 <p>Leading the market, Bitcoin (BTC) is trading at $41,012, with a 2% decrease in the last 24 hours, while Ethereum (ETH) has seen a 2.67% fall, currently priced at $2,156.82.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin must stay above $43k for stronger rally, analyst says
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/helium-mobile-s-90-price-increase-in-24-hours-caps-altcoin-surge-tbt74010.html">https://thebittimes.com/helium-mobile-s-90-price-increase-in-24-hours-caps-altcoin-surge-tbt74010.html</a></p>

Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

TheBitTimes

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