Can Helium Reach The Sky? Investors Eyeing $10 Mark for HNT As Price Shoots Up 48% in A Week
The price of Helium ($HNT) has been steadily piling on a lot of value over the last year, making it a more profitable investment than market leader Bitcoin ($BTC) throughout 2024.
At its current price of $7.15, Helium’s native $HNT token is up 295% from its price this time last year. In the last 30 days, it has blown up 104% and in the last week alone it has ballooned 45%.
These figures are more impressive than the world’s favourite cryptocurrency. Bitcoin added 102% in the last 365 days, and is down over the last month and fortnight, with relatively meagre gains of 5% over the last week.
Helium is a blockchain network for Internet of Things (IoT) devices that incentivizes people to become network hosts and serve as hotspots to enable wireless devices to connect to the network. $HNT powers the network and serves as a payout whenever Hotspots transfer connection data. The model is essentially a blockchain-based solution to enhancing the global connectivity potential of IoT devices.
According to the price chart, Helium’s steady upward march has been largely unimpeded by last Monday’s crypto crash. The token has found solid support at $3, but clearly investors are eyeing new heights. However, the token is facing stiff resistance at $7.50, having had two price spikes up to $7.47 in the last 24 hours. A stable relative strength index (RSI) of 52 gives it some headroom to potentially break the ceiling this week.
Helium’s $HNT is looking like a great investment for those who want a slice of the future early.
Investors that enjoy its premise may want to diversify their holdings with another project that’s still only in presale. This time it’s over in crypto’s emergent GambleFi sector.
One such token, Mega Dice ($DICE), has raked
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