Helium Mobile’s Price Surges 90% in 24 Hours
Helium Mobile (MOBILE) is leading a shift in the crypto market towards smaller-cap altcoins, with its price skyrocketing by 90% in the last day to $0.0072. The surge in price is matched by a significant increase in trading volume, which has risen by 243% to $19.8 million.
The Driving Force: Nationwide Unlimited Mobile Services
The primary driver behind Helium Mobile’s rapid price increase is the recent launch of its nationwide unlimited mobile services. Priced competitively at $20 per month, this strategic move has attracted around 8,000 subscribers to the mobile virtual network operator (MVNO).
Earning ‘Mapping Rewards’ with Blockchain Integration
One unique feature of Helium Mobile’s service is the integration of blockchain technology, offering subscribers the opportunity to earn ‘mapping rewards.’ By sharing their phone’s session connection data with Helium, users receive a non-fungible token (NFT) minted into their Helium wallet on the Solana blockchain. NFT holders then receive a portion of the MOBILE mapping rewards, accounting for 20% of all $MOBILE rewards.
Incentivizing Users and Collecting Valuable Location Data
This approach not only incentivizes users but also allows Helium Mobile to collect valuable location data, ultimately reducing network usage costs and improving service efficiency.
Helium Mobile NFT Issuance and Engagement
About 8,000 individuals have received the Helium Mobile NFT, closely aligning with the company’s subscriber count. Furthermore, approximately 34,000 individuals have engaged with the app for mapping purposes, even if they have not yet subscribed to the service.
Hot Take: Helium Mobile Surges Amid Broader Crypto Downturn
Despite a general downturn in the broader cryptocurrency market, Helium Mobile’s value has experienced a significant surge. The total market capitalization currently stands at $1.55 trillion, with a 2.52% decline. Bitcoin (BTC) is trading at $41,012 with a 2% decrease in the last day, while Ethereum (ETH) has fallen by 2.67% and is currently priced at $2,156.82.
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