Helium Soars On Coinbase Listing News But There Are More Good News For HNT

Coinbase, the popular cryptocurrency exchange, has announced the listing of Helium (HNT) tokens, a move that is set to boost the accessibility and liquidity of the project. The development was hailed as a significant milestone by Arman Dezfuli-Arjomandi, a prominent member of the Helium community, who took to Twitter to share the exciting news along with the recent successful passage of two critical Helium Improvement Proposals (HIPs).

Trade on US-Banned Exchanges With No KYC 🀫

Tired of missing hot new listings because your favorite exchange is banned in the US? πŸ‡ΊπŸ‡Έ

With RocketXchange you can finally trade on Kucoin, ByBit and more without registration or KYC! πŸ™Œ

Simply connect your wallet to access every coin. No VPN needed.

Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.

Take your trading to the next level with:

  • Instant access to banned CEXs 🚫
  • No KYC required πŸ™…β€β™‚οΈ
  • Trade on your terms – no registration required
  • Maintain full custody – tokens stay in your wallet
  • Access liquidity across leading DEXs and CEXs
  • Bridge assets quickly between any blockchain

Escape CEX limits today with RocketXchange!

Show more +

Helium Network, a decentralized network of hotspots providing long-range, wireless services to IoT devices, relies on the HNT token as a means to incentivize the expansion of its wireless networks through a unique work algorithm, known as Proof-of-Coverage (PoC). This listing is expected to add further momentum to Helium’s expansion and visibility in the global crypto ecosystem.

Many analysts consider this to be only the beginning of a giant rally for HNT.

Recent HIPs Bolster Helium’s Network

The Helium community recently passed two important HIPs – HIP 83 and HIP 89. HIPs are proposals designed to modify the open-source Helium protocol and network, and these two recent upgrades are expected to bring substantial improvements to the network’s performance.

HIP 83 pertains to the PoC Link Layer Upgrades, aiming to augment the efficiency and reliability of the Helium network by enhancing the link layer protocol used by PoC devices. This upgrade is designed to facilitate more efficient and reliable communication between PoC devices and the network, thereby leading to improved network performance and coverage.

HIP 89, on the other hand, seeks to rectify the Mobile Onboarding Fee and Location Assert Fee. The proposal called for the Helium Foundation to adjust the Mobile Onboarding Fee from 0 USD to 40 USD and the Mobile Location Assert Fee from 0 USD to 10 USD. This change is intended to ensure that the fees charged for onboarding and location assertion are consistent and equitable for all users.

Both HIP 83 and HIP 89 have been successfully implemented, with the former focused on enhancing network performance, and the latter on ensuring fairness in fee structures for users.

Helium Token Performance and Future Outlook

The HNT token has witnessed a noticeable uptick following the announcement. The Helium price on Coinbase is currently pegged at $1.85 per HNT, showing a 32.24% increase over the past week and a 27.10% surge in the last 24 hours. Though the current price stands significantly below the all-time high of $55.22, the Coinbase listing coupled with the successful passage of the recent HIPs is likely to stimulate positive market sentiment and potential growth for HNT in the coming days.

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.

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

Tags:

Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

We will be happy to hear your thoughts

Leave a reply

CaptainAltcoin
Logo