Helium’s HNT is again a hot story in crypto. Just look at other altcoins – all “in red” today while the HNT price is pumping again.
Helium’s token is up 13% today which means the price is over $7 again. It still has some work to do to break 2024 yearly high of $10 set in mid-February this year.
A community call is scheduled for tomorrow at 16 UTC where updates and discussions regarding the Helium Network will take place. This is the only development I found regarding Helium’s today that might have affected the price positively.
This monthly event provides a platform for developers, Hotspot owners, and community members to discuss protocol governance and other relevant topics within the Helium ecosystem. The call will be held on Helium’s discord channel, as announced on Reddit.
The Future of Wireless Infrastructure
Recent discussions in the crypto community have highlighted Helium’s potential to revolutionize wireless infrastructure. Traditionally, large carriers had to build new cell towers to expand coverage, a process that required significant capital investment. However, Helium’s decentralized network of mobile nodes offers a new approach to expanding wireless coverage.
This shift in infrastructure development aligns with the principles of Decentralized Physical Infrastructure Networks (DePIN). By leveraging a network of individual contributors, Helium can potentially create a more flexible and cost-effective solution for expanding wireless coverage.
The idea is that Helium’s network could become an integral part of the wireless infrastructure landscape, allowing carriers to offload data to Helium’s mobile nodes instead of building new towers. This approach could lead to faster expansion of coverage areas and potentially reduce costs for both carriers and end-users.
As the demand for reliable and widespread wireless coverage continues to grow, Helium’s innovative approach could position it as a key player in the future of telecommunications infrastructure.
Read also: XRP Price Pattern Points to Potential 10X: How High Can Ripple’s Token Go?
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
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.
