What’s Helium Mobile And Why Is It Exploding To Over 800%?
December 19 2023 - 4:11AM
NEWSBTC
Smaller cryptocurrencies are drawing greater attention from
investors while larger well-known ones are taking a break following
significant increases. One of the lesser-known altcoins is making
some big noise: Helium Mobile (MOBILE) has surged by about 1,000%
in the past seven days. Leading the way in the cryptocurrency
market’s dynamic trend toward smaller-cap cryptocurrencies is
Helium Mobile, whose price has surged by 32% to $0.0072 in the
previous day. The altcoin’s trading volume has increased by almost
200% to $20 million, reflecting its recent spike. The market
valuation of the coin has broken above $500 million. Within the
Helium Mobile Network, the Helium Mobile token is a native protocol
token. Helium Network tokens (HNT) provide support for MOBILE
tokens because of the strong relationship between the two. Related
Reading: Injective (INJ) Rockets To Fresh ATH With 2,700% Surge –
Find Out More MOBILE Token Soars With Helium’s Expansion August 12,
2022, saw the issuance and launch of the MOBILE token. However, it
didn’t begin trading on public exchanges until 2023, when its
starting price was about $0.0002821. Up until the first week of
December, the MOBILE token was trading in a similar range. Helium’s
recent introduction of its competitively priced $20 monthly
nationwide unlimited mobile services is the reason for the
company’s sharp price increase. The mobile virtual network operator
(MVNO) has acquired an estimated 8,000 members as a result of this
calculated approach. HNTUSD currently trading at $8.74 territory.
Chart: TradingView.com The incorporation of blockchain technology
into Helium Mobile’s service is a distinctive feature that gives
users the opportunity to get “mapping prizes.” There are currently
over 363,000 Helium hotspots worldwide, according to data on its
platform, and as the price of HNT tokens grows, this trend may
continue. About 34,000 users downloaded the app and chose to map,
but they haven’t subscribed to Helium’s services yet, compared to
8,000 who have already done so. To reach these notable figures in a
matter of days for a new application is noteworthy. Source:
HeliumGeek Helium Mobile Surge Defies Crypto Downturn Helium Mobile
and its mapping service have gained thousands of new clients as a
result of MOBILE’s explosive price increase this month—it has
increased by over 2,000%. According to data portal Helium Geek,
more than 6,700 wallets received MOBILE prizes on Sunday—more than
twice as many as a week earlier. Related Reading: Record-Breaking
Heights: Injective (INJ) Soars Over 70% Amidst AI Uptick The value
of Helium Mobile is simply performing better than most of its peers
despite the overall decline in the cryptocurrency market. Featured
image from Shutterstock
Helium (COIN:HNTUSD)
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