Living in a remote area, struggling with slow or no network? The crypto world has a solution for that. No, you don’t have to build or install towers yourself.
Helium is a blockchain platform that leverages the hotspot devices of individuals to provide network coverage. Anyone with a 5g-supported phone can get the benefits of this platform.
Anyone with a Helium-compatible hotspot device or IoT device can participate in network sharing and are incentivized by the platform’s unique Proof-of-Coverage (PoC) consensus mechanism, powered by the Helium Network Token (HNT).
This article is your go-to guide to everything you need to know about the Helium blockchain ecosystem and its utility token– HNT.
I will explain the key features of the platform and the economics of the token. Toward the end of the section, you can find the price forecasts of HNT and how you can buy them. Let’s jump into it without any further ado.
Helium Key Features
Decentralized Infrastructure | The Helium Network works by incentivizing participants to contribute resources and share the benefits without a centralized authority. |
Scalable and Secure | The platform has migrated to the Solana blockchain, which is known for its high scalability, low latency, and reliable security. |
Multiple Use Cases | The Helium Network has various use cases, including support for IoT devices via the LoRaWAN network and high-speed connectivity through the 5G network. |
Incentivized Participation | The ecosystem uses an HNT-based platform economy to reward participants and encourage network propagation. |
Proof-of-Coverage (PoC) | The PoC algorithm is hard-coded into Helium, encouraging participants to verify wireless network coverage. |
Helium (HNT) Tokenomiks
HNT was launched on July 29th, 2019, with no pre-mined tokens. The maximum supply of HNT is capped at 223,000,000 tokens.
The total supply is 160,875,442 HNT, all of which are already in circulation. HNT follows a 2-year halving schedule.
Helium (HNT) Past Performance
At launch, the Helium Network Token started trading at $0.25. In early 2021, the token joined other assets in the pandemic crypto bull run.
In November, HNT hit an all-time high of $55.22. It was followed by a steady correction and prices matured at around $2.
In December 2023, the token started to regain traction and started to move beyond the $2 barrier.
As of now, HNT is traded at $9.33, up 5% from yesterday. The token has a market cap of over $1.5 billion with a 24-hour trading volume of close to $30 million.
Helium (HNT) Price Forecast 2024
The technical analysis of HNT by our quants suggests that in 2024, the price of the token wouldn’t go below $7.01.
The upper price target is expected to be at $10.32.
The average trading price is expected around $8.67.
The upper limit will give a return of 10.33%
Helium (HNT) Price Forecast 2025
The technical indicators from yearly charts suggest that in 2025, the price of HNT will fall between $16.99 and $20.26, averaging $17.60 in 2025.
Helium (HNT) Price Forecast 2030
I know, we are entering the realms of speculation now. Anyway, our quants estimate that, in 2030, HNT will be traded between $115.55 and $139.83. Its average cost is expected at around $119.62 during the year.
Where to Buy Helium (HNT)?
If you want to support the Helium team or you are planning to invest in the ecosystem’s growth, you can get your hands on the HNT token from the following places.
How to Buy Helium (HNT)?
- Sign Up: Go to the Bybit website and sign up for a free account. If you already have an account, log in to that.
- Buy Tether or Bitcoin: Once logged in, you need to buy a stablecoin or BTC directly using your credit or debit card.
- Trade for HNT on Bybit Spot: Once you have the stablecoins or BTC, navigate to the Bybit Spot trading section and search USDT/HNT.
- Complete Transaction: Hit ‘buy’ followed by ‘confirm’. Your tokens will appear on your Bybit wallet.
Conclusion
Helium is a god-sent technology that can bring connectivity to remote locations without any additional infrastructure. The platform uses unique incentivization mechanisms to attract contributors to the ecosystem.
The HNT token, after its glory days in 2021, is once again gaining traction in the ongoing crypto bull run. All our analyses suggest a bullish trajectory for the token in the foreseeable future.
That being said, we urge the reader to do their independent research before going forward to invest in HNT. Note that crypto asset prices can be highly volatile.
Due to their novel nature and concentrated holding patterns, some of them can be extremely susceptible to large price swings. As always, never invest with borrowed money.
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