{"id":633401,"date":"2024-08-06T13:30:20","date_gmt":"2024-08-06T13:30:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=633401"},"modified":"2024-08-06T09:33:34","modified_gmt":"2024-08-06T09:33:34","slug":"helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem\/","title":{"rendered":"Helium (HNT) Stays Afloat With 31% Gains Amid Crypto Market Mayhem"},"content":{"rendered":"

After the market\u2019s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the <\/span>latest<\/span><\/a> market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.\u00a0<\/span><\/p>\n

Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up<\/a><\/div>\n

Helium\u2019s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by <\/span>market anxiety<\/span><\/a> since the market\u2019s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.\u00a0<\/span><\/p>\n

Helium Mobile Users Skyrocket, Bringing HNT Mainstream\u00a0<\/strong><\/h2>\n

Since its launch in 2023, Helium Mobile continues to rise as one of the most mainstream crypto-base products in the market. With Helium\u2019s entry into the telecom industry, its mobile arm has <\/span>garnered<\/span><\/a> 106,765 signups with a little under 15,000 hotspots deployed.\u00a0<\/span><\/p>\n

This is huge. With Helium Mobile leveraging the network\u2019s established web of hotspots around the globe may open more opportunities for the platform to establish itself within the retail space. As of writing, the Helium network <\/span>boasts<\/span><\/a> 380,629 hotspots, accounting for the total number of LoRaWAN and 5G devices.\u00a0<\/span><\/p>\n

HNT is currently trading at $4.47. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Mobile\u2019s entry into the telecom industry was smoothened further by its Carrier Offload Program. The program <\/span>enables<\/span><\/a> users from different carriers to connect with Helium hotspots. As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots.\u00a0<\/span><\/p>\n

With the average phone plan price in the United States becoming more <\/span>expensive<\/span><\/a>, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe.\u00a0<\/span><\/p>\n

\"\"
Source: Helium<\/figcaption><\/figure>\n

This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning. Messari\u2019s <\/span>recent<\/span><\/a> overview of Helium shows that the network is currently experiencing strong growth in the burning of DCs, contributing to the network\u2019s finances. <\/span><\/p>\n

HNT: Turning Point Or False Flag?<\/strong><\/h2>\n

Current market conditions are unpredictable. Market volatility increased because investors and traders realized they had overreacted to the market correction and interpreted it as a hint of further sell-off, creating a self-fulfilling prophecy.<\/span><\/p>\n

\"\"<\/p>\n

Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss<\/a><\/div>\n

As of writing, HNT is back on top of its May levels which can sustain a small breakthrough towards $4.919. With the market\u2019s current jitters, HNT bulls face market volatility coupled with strong market anxiety.\u00a0<\/span><\/p>\n

But with the <\/span>similar<\/span><\/a> phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks.\u00a0<\/span><\/p>\n

Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward.<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After the market\u2019s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.\u00a0 Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Helium\u2019s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market\u2019s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.\u00a0 Helium Mobile Users Skyrocket, Bringing HNT Mainstream\u00a0 Since its launch in 2023, Helium Mobile continues to rise as one of the most mainstream crypto-base products in the market. With Helium\u2019s entry into the telecom industry, its mobile arm has garnered 106,765 signups with a little under 15,000 hotspots deployed.\u00a0 This is huge. With Helium Mobile leveraging the network\u2019s established web of hotspots around the globe may open more opportunities for the platform to establish itself within the retail space. As of writing, the Helium network boasts 380,629 hotspots, accounting for the total number of LoRaWAN and 5G devices.\u00a0 Mobile\u2019s entry into the telecom industry was smoothened further by its Carrier Offload Program. The program enables users from different carriers to connect with Helium hotspots. As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots.\u00a0 With the average phone plan price in the United States becoming more expensive, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe.\u00a0 This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning. Messari\u2019s recent overview of Helium shows that the network is currently experiencing strong growth in the burning of DCs, contributing to the network\u2019s finances. HNT: Turning Point Or False Flag? Current market conditions are unpredictable. Market volatility increased because investors and traders realized they had overreacted to the market correction and interpreted it as a hint of further sell-off, creating a self-fulfilling prophecy. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss As of writing, HNT is back on top of its May levels which can sustain a small breakthrough towards $4.919. With the market\u2019s current jitters, HNT bulls face market volatility coupled with strong market anxiety.\u00a0 But with the similar phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks.\u00a0 Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":633410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1558,10818,86754],"class_list":["post-633401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-cryptocurrency","tag-helium","tag-hnt"],"acf":[],"yoast_head":"\nHelium Stays Afloat With 20% Gains Amid Crypto Market Mayhem<\/title>\n<meta name=\"description\" content=\"After the market\u2019s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. 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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 \u2013 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\u2019 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 \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Helium (HNT) Stays Afloat With 31% Gains Amid Crypto Market Mayhem","url":"http:\/\/ktsl888.com\/news\/helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_1a3a14.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_1a3a14.jpg?fit=5455%2C3386"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","cryptocurrency","helium","hnt"],"dateCreated":"2024-08-06T13:30:20Z","datePublished":"2024-08-06T13:30:20Z","dateModified":"2024-08-06T13:30:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Helium (HNT) Stays Afloat With 31% Gains Amid Crypto Market Mayhem\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/helium-hnt-stays-afloat-with-31-gains-amid-crypto-market-mayhem\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_1a3a14.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_1a3a14.jpg?fit=5455%2C3386\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"cryptocurrency\",\"helium\",\"hnt\"],\"dateCreated\":\"2024-08-06T13:30:20Z\",\"datePublished\":\"2024-08-06T13:30:20Z\",\"dateModified\":\"2024-08-06T13:30:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_1a3a14.jpg?fit=5455%2C3386","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/633401"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=633401"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/633401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/633410"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=633401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=633401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=633401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}