Helium (HNT) Surges in Crypto Market
Helium (HNT), a decentralized network, has experienced significant gains in the cryptocurrency market. In the past 30 days, HNT has achieved staggering growth of over 147%. This upward trend continued with gains of 101% and 45% in the past fourteen and seven days, respectively. The coin reached a high of $5.008 in the last 24 hours, experiencing a surge of 53%, which hasn’t been seen since October 2022.
Helium’s Mobile Service Launch Sparks Investor Frenzy
The recent surge in HNT’s price can be attributed to the announcement made by the Helium network on December 5. They introduced a new mobile service that offers unlimited data, voice, and text services for a monthly fee of $20. This move comes at a time when major carriers have been imposing data limits and increasing prices, making Helium’s offering appealing to users seeking more flexible and cost-effective options.
CEO Amir Haleem Calls for Transparency
Amir Haleem, CEO of Nova Labs, criticized carriers for concealing high subscription rates and additional charges. He believes that cell phones are essential and that unlimited data, text, and calls should be standard offerings. Helium Mobile also supports a people-powered coverage model, allowing customers to become network owners and operators.
Helium’s Approach Positions It as Key Player
As the demand for reliable and affordable mobile services grows, Helium’s approach has positioned it as a key player in the industry. The announcement of their mobile service has propelled HNT’s price upward as investors recognize its potential in the mobile service sector.
HNT Targets Next Resistance Level
The trading price of HNT currently stands at $4.153, marking a significant breakout from its downtrend structure. The cryptocurrency is now targeting its next resistance level at $4.70. It will be crucial for HNT to maintain support at the $3.00 level to sustain its current bullish momentum.
Hot Take: Helium (HNT) Sees Remarkable Growth with Mobile Service Launch
Helium (HNT) has experienced remarkable growth in the cryptocurrency market, with gains surpassing 147% in the past 30 days. The recent launch of their mobile service, offering unlimited data, voice, and text services for a monthly fee of $20, has attracted investors and positioned Helium as a key player in the industry. CEO Amir Haleem calls for transparency in the mobile industry and believes that customers should have more control over their mobile experience. HNT’s trading price currently stands at $4.153 and is targeting its next resistance level at $4.70.
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