What Is Driving the Surge in Helium Mobile’s Price?
Helium (HNT), a decentralized wireless network, launched a $20/month unlimited cell phone plan in the United States, which is significantly cheaper than the average monthly phone bill. This move has attracted around 8,000 subscribers.
However, new Helium Mobile subscribers can earn “mapping rewards” by sharing their phone’s session connection data with Helium, receiving a non-fungible token (NFT) minted into their Helium wallet.
Why are NFTs Significant for Helium Mobile?
The strategic use of NFTs helps Helium Mobile figure out where lots of people are using their services, encouraging more people to set up hotspots in those areas and making the network work better. It also means they have to pay less to use T-Mobile’s network.
About 8,000 people have gotten one of these special digital tokens, and about 34,000 have downloaded the app and agreed to share their location, demonstrating an impressive level of interest in Helium Mobile.
HNT Mobile Price Analysis
According to the latest data, the current price of Helium Mobile is $0.0070, with MOBILE ranked 216 in the entire crypto ecosystem. The circulation supply stands at 78.5 billion, with a market cap of $545 million, and its price has increased by 100.74% in the last 24 hours.
Projections indicate that the price of Helium Mobile could potentially reach a minimum level of $0.0128 in 2024, and the maximum level could be $0.0152, with an average price of $0.0132 throughout that year.
Hot Take: Helium Mobile’s Unique Approach and Ongoing Surge
Amid challenges faced by many major cryptocurrencies, Helium Mobile’s innovative approach to cellphone services makes it a standout performer in the market. The strategic integration of NFTs and high demand for its services continue to propel the remarkable surge in both its price and popularity.
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