Helium Simplifies Mobile Hotspots With Real Utilization, HNT Price Among Top Crypto Gainers

The HNT price surged 20% again this week, making it the top-performing altcoin among the top 100 coins globally by market cap. In fact, this has been second week in a row Helium’s been among top crypto gainers. HNT has now surpassed the $1 billion market cap milestone and is trading just below $8.

Why the sudden jump? Helium appears to be one of those blockchain projects with genuine utility, and traders seem to be taking notice.

It’s worth noting, however, that the HNT price still has a considerable distance to cover before reaching its all-time high from 2021, which stands at around $47.

Simplifying Mobile Hotspot Participation

The Helium Foundation made an announcement on Friday. The community approved HIP 129, making all MOBILE Hotspots automatically eligible to participate in the carrier offloading beta. Helium Mobile, as the manufacturer of the Hotspots, has activated this feature for all devices as of August 15, 2024.

Inclusion in any carrier’s beta program is at the discretion of the carrier. Hotspot owners can check whether a carrier has selected their device to participate in a beta through the Helium Mobile Hotspot Dashboard. The dashboard also provides an option to opt out at any time. This change streamlines operations by eliminating the need for manual configuration.

Crypto analyst that goes by the name “Crypto Stream” tweeted to his 55,000 followers on X, highlighting HNT’s performance. He pointed out that telecommunication companies have recently started utilizing the Helium network, mainly due to two main reasons: lower costs and improved coverage.

Source: X/CryptoStreamHub

These companies burn HNT tokens to use the network. He speculated that if Helium manages to onboard more telecommunication companies, it could become a top player in the industry. The only thing I can add to his take is – isn’t Helium already a major player in this market? This week for sure it is.

Another coin among top gainers this week is AAVE, so read also: AAVE Price Could Spike +100% Following Breakout From This Key Resistance: Here’s the Outlook

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

CaptainAltcoin
Logo