As the market action resumes, Helium keeps on surging to the top and draws the attention of investors. According to CoinGecko , the token is up more than 48% since last week. HNT becomes a prime target for both investors and traders looking for an income-making asset in the long run.
Helium Mobile has been in the spotlight as it showed its reliability and strength, coming face to face with major telecom providers in the US. Recently, it flexed its muscles again as it announced the test of two carriers that offload their network traffic to the platform, setting new records once more.
Carrier Offload Beta Now Out Showing Big Results
With Helium Mobile’s announcement that the Carrier Offload Beta is now live, two carriers tested the network, bumping network statistics up by a significant margin.
📶 Our Carrier Offload Beta is now LIVE!
You can now enable your Hotspot to be a part of our Offload Beta in the Builder App or Hotspot Dashboard!
🛠️ Now, subscribers from several other carriers can connect to and transfer data through your Helium Mobile Hotspot(s). pic.twitter.com/mlHZmQb0G9
— Helium Mobile ☁️🪿🥚 (@helium_mobile) August 9, 2024
According to the platform’s website , the platform saw almost 60,000 new users from the two carriers while a total of five terabytes worth of data has been offloaded on Helium Mobile. These numbers have been achieved with a mere 89 hotspots in total for both carriers.
HNTUSD trading at $6,56 on the 24-hour chart: TradingView.com
The reliability of the network showed that it can go head-to-head with major players in the telecoms industry despite essentially being the new kid around the block.
With the focus on decentralized physical infrastructure networks (DePIN) gaining more interest, Helium’s entrance into the telecom industry gives consumers another affordable carrier to choose from. As both postpaid and prepaid plans go up in price, Helium’s position as a cheap and reliable alternative will help it grow in the coming years.
Helium Price To Stabilize At This Level
Percentage-wise, HNT has achieved something great, giving investors and traders gains along with the general upward movement of the market. However, it seems that the token will stabilize on a narrow price range.
Investors and traders will have to make do with the current $6-$7 price range. This can swing both ways as it leaves both bears and bulls with little to no wiggle room to gain momentum which means the next few days will be crucial for HNT’s short-term viability.
If the bears get a hold of the momentum, we can expect the token to drop a few percent towards $5.5 before the bulls regain control. But if the opposite were to happen, HNT bulls have the opportunity to regain $8 in the long term, that is if the bullishness continues along with a positive attitude in the general market.
However, with major macroeconomic indicators being announced soon, investors and traders should expect more volatility in the weeks before HNT returns to a fair market price.
Featured image from The Merkle News, chart from TradingView
Christian Encila
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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