Expansion of Helium Network: Rise of MOBILE, IOT and HNT Cryptos

Helium Network has captured the attention of enthusiasts and investors. Recently, notable growth has been observed in its tokens, especially MOBILE, a vital governance token for the network. MOBILE, extracted through 5G-CBRS technologies and Wi-Fi access points, surprised the market with an increase of more than 60% in a single day and an impressive jump of 870% in the last week.

At the time of publication, the price of MOBILE was quoted at US$0.00656728, up 28% in the last 24 hours. At the same time, Helium’s native cryptocurrency, HNT, also saw a 6% increase, reaching a value of US$7.74.

The IOT token, which supports Helium’s Internet of Things (IoT) subnets, is quoted today at US$0.00222105, up 6.2%, but has seen an increase of more than 10% in the last 24 hours.

This growth in Helium Network tokens follows the recent launch of Helium Mobile’s no-contract smartphone plan, which offers a bundle of unlimited data, calls and texts for $20/month, as well as the launch of its network across the US territory.

Helium Mobile offers cell phone services using its decentralized network, backed by T-Mobile’s nationwide 5G network. Helium CEO Amir Haleem highlighted in a Twitter post that the network’s subscriber count has reached 12,500. The company’s pricing strategy is highly competitive, offering an alternative that is almost eight times cheaper than the average monthly cell phone bill in the US.

MY LATEST
Based on one count of NFTs related to @helium_mobile network-mapping system, it appears the #DeWi company may count around 8,000 subscribers after launching unlimited for $20/month earlier in Dec. https://t.co/SpLB8gu7S8
CC @DAnconia_Crypto @amirhaleem @disruptivedean

— Mike Dano (@mikeddano) December 15, 2023

Helium’s 5G network is unique in that it is powered by user-operated nodes. These nodes are rewarded with cryptographic tokens for sharing their services with nearby subscribers. Interestingly, the network’s tokens are minted on the Solana blockchain, following a significant migration carried out this year.

Additionally, Helium Network is benefiting from growing interest in the Solana Saga smartphone. This device comes with a tempting offer: a free 30-day subscription to Helium Mobile. This surge in interest not only demonstrates Helium Network’s potential, but also solidifies its position in the cryptocurrency market.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.