Helium is all about the Internet of Things. The IoT is a network of connected devices with sensors that monitor their environment. We have fridges that automatically restock themselves online, and ingestible sensors that can monitor our health from within our bodies. It’s amazing stuff!
However, many newly connected IoT devices move around with us, such as activity sensors, electronic vehicles, and pet/child trackers. There’s no public access WiFi in most places, cellphone data contracts are expensive, and coverage isn’t universal. So how do these IoT devices send and receive information when they’re out and about?
That’s the problem that Helium attempts to solve.
What is Helium
There are several components to Helium. To start with, there’s a router, a crypto-miner, and a token. The rest is all about their network of domestic hardware installations and their blockchain. Helium users purchase a router/miner which connects to similar devices in their area. These form a peer-to-peer decentralized Mesh Network for IoT data, while the hardware owner simultaneously mines tokens.
The network broadcasts on the US-915 unlicensed frequency, so no special radio permits are required. Helium’s hardware specs fall within the FCC guidelines on the use of public frequencies so you don’t have to worry about getting a knock at the door from the men in black.
Helium HNT Price Prediction For The Next 90 Days
The HNT token price is largely blown around by the tempestuous winds of the broader crypto market. Any useful technical analysis signals are swamped by this external noise. Fundamental analysis tells us about the current realities and attempts to analyze the trajectory of a project. The hope is that we can identify a winning company – one with a great idea, a brilliant team, effective governance, and a sound financial footing. Helium ticks all these boxes.
The whole crypto world is on a verge of a complete breakdown. Bitcoin has fallen 75% from its all-time high amid broader market declines caused by raging inflation and US Fed rate hikes. When add the most recent melt-downs of huge industry players (FTX, Celsius, Luna etc) into the equation, the horizont is murky and there will be more blood on the streets of the crypto town. Investors are selling risky assets and moving into more stable markets. Crypto is still perceived as a very risky play and hence the sell off. Our algo still sees a some green in 2023, especially in the second part of the year. This is reflected in our 2023 predictions. Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend. Once Bitcoin settles in the new price range, altcoins will start to do the same - we have witnessed this scenario dozens of times in the distant and more recent history. Our price prediction model is bearish for the next 90 days with a hint of a bull market at the turn of the quarters from Q1 to Q2. We expect whales and other bigger players in the market to finish filling their bags around that time which will cause a typical and sudden crypto spike. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will HNT develop in the short-term (for the next 90 days), according to our prediction model:
Fundamentals
Use case
Helium is building a global data network. Typically, it takes billions of dollars and a decade of governmental approvals to roll out such a massive infrastructure project. Helium applies a novel approach where the end-users are also the network infrastructure providers. To incentivize users to invest in network hardware, the Helium blockchain enables them to mine the HNT token with their equipment.
That’s the killer app, but there’s a little more to it than that. If this crowd-sourced model works, then it signals a paradigm shift in how humanity realizes global infrastructure projects. It’s decentralization at its finest.
HNT Tokenomics
- Current Price $12.70 (-5.51% 24Hrs, ATH $19.51)
- Market Cap $1,128,800,790
- Circulating Supply 88,932,054
- Total Supply 223,000,000
- Rank #67
The Helium blockchain uses Proof of Coverage (POC) as its consensus mechanism. POC leverages the natural properties of radio waves to prove that a network contributor is where it’s supposed to be, and is providing the claimed network access to traffic.
Helium is open-source, peer-reviewed, and governed by the independent Decentralized Wireless Alliance, of which Helium is a member. Changes to policy and technical improvements are voted on by the community of network providers through HIPs (Helium Improvement Proposal).
Originally limitless, the community voted through a HIP in late 2020 which capped the supply of HNT at 223 million, with a two-year halving schedule (similar to Bitcoin’s four-year halvings). This will reduce the number of Tokens you can mine, but the value of the tokens should increase as the network grows.
The Helium Team
I saw the name Sean Fanning and thought, “No way! It can’t be the same guy.” But sure enough, it’s the very same co-founder and lead developer of Napster. Sean went on to co-found Helium and now occupies a position on the board. For those too young to remember, Napster was the first widely adopted peer-to-peer music file-sharing application. This guy spawned a whole new industry. If it wasn’t for Napster’s total disruption of the corrupt, bloated music business, there’d be no Apple iTunes or Spotify. He’s a legend, internet royalty, a genuine technology Hall of Famer!
Helium CEO Amir Haleem, on the other hand, is a former esports world champion! Quake 2 was his thing, apparently. He went on to work in the gaming industry and was part of the team that created Battlefield 1942. He seems super-dedicated and he’s a habitual winner.
Frank Mong has been Cheif Operating Officer at Helium for three years. He has 25 years of experience in cybersecurity. I recommend watching his interviews on Youtube as he explains Helium better than anyone. He seems to be the public face of Helium and leads sales, marketing, and Business Development.
If success breeds success, Helium can’t lose.
History
The original company was formed in 2013 but was not focused on blockchain at all. They tried several approaches to the network infrastructure problem before they ‘saw the light’ of blockchain. That’s the interesting part about Helium. They weren’t a crypto startup, and their project does not exist only in a virtual world.
It’s applying decentralized blockchain technology to a real-world, pre-existing problem. Helium is the very opposite of a meme coin.
The current Helium project rollout got underway in Austin, Texas with just 100 devices. 3 years later, there are currently 20,000 around the world in 3,000 cities. The USA has 90% coverage in 30 major cities and 80% coverage in around 100 others. More recently, Helium has started to concentrate on building the network in Europe and China.
Social Media
- Facebook – The Facebook page is up to date and focuses mainly on technical progress. They have 10,380 followers and there are no claims about Lambos or the moon. It’s all looks well thought out and professionally managed.
- Twitter – They have 60.8K followers many of who post cool pictures of their antenna installations. There are updates on when the hardware will be available and other important dates in the Helium calendar. I saw virtually no negative tweets.
- YouTube – This is a great source of learning material. There are guests, technicians, and community discussions and the whole thing looks professional and well produced. The Helium Hacks Happy Hour is interesting if you want to disappear down a rabbit hole for days. They currently have 13.2K subscribers.
Community
- Reddit – There are 40 thousand members on the Helium Subreddit. It’s mainly answers to technical questions and requests about when people will receive hardware. It seems there’s a shortage due to the recent massive uptake. There are also announcements about Helium’s technical progress. It’s quite an orderly group for Reddit.
- Discord – There discord server was down when I tried to access it. They claim to have a 15,00 strong technical community to help with any technical issues. There’s a ‘maker’ vibe to what I did see – lots of fanatics experimenting with antennas and building router/miners, trying to squeeze the best performance out of their equipment.
Exchanges & Wallet Support
You can trade HTN on Binance, Binance US, FTX, Hotbit, WazirX, Pionex, and Hotbit. Most of the liquidity is on Binance as usual, but Pionex also provides a healthy HNT/USDT market (check the Pionex vs Binance comparison here)..
Helium recommends its application wallet as the easiest to use. For the more technically minded there’s the Command Line Interface Wallet (CLI). You have access to all transaction types but Helium advises caution when using it. You need to know what you’re doing!
There’s also a Ledger Wallet application which is the safest place to store significant quantities of HNT. The Ledger app only supports sending and receiving.
Helium Price Prediction 2023
Our prediction model sees a temporary switch to a bear market at the beginning of 2023 before we move onto another leg up in Q3 & Q4 of 2023.
HNT Market Price Prediction
● Wallet Investor
According to Wallet InverstorIt’s all very positive for the foreseeable future. The three-month target is around $17, a 38% pump. They predict a 146% increase over the next 12 months, and a whopping 720%, looking 5 years out. Anything’s possible, with a successful infrastructure play.
● Trading Beasts
In contrast, Trading Beasts have HNT moving sideways for the rest of the year. They predict a 20% rise by the end of 2022 but very little gain after that. It’s remarkable that two price-prediction websites could be so at odds.
Helium Price Prediction 2025
Our prediction model sees HNT reaching new highs in 2025:
$ 18.25Helium Price Prediction 2030 – 2040
What Helium will be worth in 2030?
Our forecasting model sees Helium reaching $45.63 in 2030.
What Helium will be worth in 2040?
Our forecasting model sees Helium reaching $91.26 in 2040.
Will Helium replace / surpass / overtake Bitcoin?
No, Helium will not replace or overtake BTC.
Can Helium reach $1000?
Yes, it is possible that Helium can reach $1000 but only in a distanced future, after 2030.
Is Helium worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Helium is worth buying.
Is Helium a good investment?
Helium is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Helium be worth?
For the short-term future, it could reach $1.29. In the long-term (8-10 years), it could jump to $45.63 or even higher.
Why will Helium succeed and go up in price?
Helium has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Helium rising up to $45.63 in 2030.
Why will Helium fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Helium go?
Our forecasting model sees Helium price exploding and reaching $91.26 in a distant future.
What is the short-term prediction for Helium?
Helium will reach $1.29 in the next 90 days, which is a 10.9% change over the current price which hovers around $1.45.
Can Helium make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Helium millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Helium could make you a millionaire.
Helium Price Prediction Today - What will be the price of Helium tomorrow?
Helium will hover around $1.53 tomorrow.
When to sell and exit Helium?
That depends on your trading profile. If you believe in Helium and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Helium, cashing out a portion of the funds is not a bad move.
Can Helium explode?
Yes, our algorithm sees Helium taking off and skyrocketing in 2022 with an increase of 51.5% over the current price.
What will be the price of Helium in 10 years?
Helium price in 10 years will hover between $45.63 and $91.26.
Helium Price Prediction 2023 - What will Helium be worth in 2023?
Helium will reach $4.95 in 2023, which is a 241.79% change over the current price.
Helium Price Prediction 2024 - What will Helium be worth in 2024?
Helium will reach $10.30 in 2024, which is a 611.29% change over the current price.
Helium Price Prediction 2026 - What will Helium be worth in 2026?
Helium will reach $21.07 in 2026, which is a 1354.67% change over the current price.
Helium Price Prediction 2027 - What will Helium be worth in 2027?
Helium will reach $26.55 in 2027, which is a 1732.67% change over the current price.
Helium Price Prediction 2028 - What will Helium be worth in 2028?
Helium will reach $32.02 in 2028, which is a 2110.67% change over the current price.
Helium Price Prediction 2029 - What will Helium be worth in 2029?
Helium will reach $37.50 in 2029, which is a 2488.67% change over the current price.
Helium Price Prediction 2050 - What will Helium be worth in 2050?
Helium will reach $139.63 in 2050, which is a 9539% change over the current price.
Can Helium reach $100?
Yes, Helium could reach $100 by the end of 2024.
Summary and Final Thoughts
The Mesh network concept is not new, and with the inception of BLE (Bluetooth Low Energy) all Bluetooth-enabled devices now have a potential range of up to half a mile. Remarkably, BLE will run on traditional Bluetooth hardware and only requires a software update to achieve this range. This is Helium’s competition, and they are backed by billion-dollar tech manufacturing companies.
Helium are the good guys. The manufacturers of our televisions, home security systems, and baby monitors are the bad guys. The equipment in our homes is already being exploited without our knowledge or explicit consent. Yes, the internet of things could bring great benefits, but the way it’s being implemented surreptitiously through our televisions, exercise machines, and electricity meters is scandalous.
It’s not only your data. Everyone’s precious data passes through your hardware without your knowledge of where it came from or where it’s going. I think there’s a serious ethical problem here, which makes Helium’s concept very attractive as a way to push back against big tech.
Choosing to opt-in to the Helium network gives the user some agency, plus a share of the value created by providing a network. I predict that once people start to appreciate the value of their digital existence as they do their physical existence, they’ll seek ways to monetize it. Helium could be part of the solution.
The profitability of mining HNT will continue to fall over time, but as long as the Helium network continues to be successful, HNT will be worth holding. I might buy some regardless, just to support a thoroughly worthwhile project.
Also, you might want to check out other price predictions:
- Injective Protocol Price Prediction
- Tellor Token Price Prediction
- Waltonchain Price Prediction – Future Forecast For WTC Price
- Future Forecast for XRP Price
- Tezos Price Prediction
- Zilliqa Price Prediction
- Sia Coin (SC) Price Prediction
- Future Forecast for RDD
- Orion Protocol Price Prediction
- Kava.io Price Prediction
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
