Some altcoins are seeing a strong and consistent bullish stance from their traders today, and Helium is one of them. Latest Market Data Offers The token is up nearly 41% since last week.
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This is largely supported by ongoing efforts to make the network robust and usable in everyday life. entrance Investment in the telecom industry also helped carry this momentum into the long term.
Helium: Crowdsource User Base
Helium’s mobile arm is the reason HNT is at its peak performance this week. Last week, July 16, the Helium Mobile X account was launched. Advertise The platform has reached 100,000 subscribers. This influx of users has also drawn attention to the Helium network as a whole.
🎊 We just hit 100,000 subscribers! 🎊
We would like to extend a huge thank you to our community for helping us reach this amazing milestone!
Together, we are innovating the telecom industry 🙌 pic.twitter.com/Fb5lvQ1Mni
— Helium Mobile ☁️🪿🥚 (@helium_mobile) July 15, 2024
According to whom websiteAlong with 100,000 users joining, nearly 15,000 hotspots were deployed in the same time frame. Helium Mobile also has a Carrier Offload program, which although still in beta, has already shown some success with over 190,192 offload program subscribers.
Carrier Offload allows non-Helium Mobile users to connect to hotspots that are part of the beta rollout. This development will help the network by slowly but surely introducing the network to the general public.
Even if Carrier Offload is discontinued, Helium Mobile’s aggressive pricing of $20 per month will make it competitive for the average consumer, introducing them to the entire Helium ecosystem as a whole.
Are you optimistic? Not that much…
As the market progresses, the sudden surge in HNT price will eventually stop and ride the wave down. Long-term token holders will see this sharp jump as a sell signal, pushing the token down to the support line at $4.465.
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This leaves the bulls in an awkward position: either hold or join the bearish wave and then settle at the $4.465 line. If HNT drops to the $4.465 line and the bulls succeed in defending this level, the $8 ceiling may be within reach.
But that is if they manage to defend themselves. And if they manage to break even within the next couple of days, they can bring the token down to $3 or $2.
But in terms of volatility, it could also help them reach $8 if they are lucky. Helium’s innovation in communications will help secure the investor confidence they desperately need to ride the next wave.
Featured image by SVET, chart by TradingView
