You woke up to find that the 24-hour surge in Helium price reached 34%, shooting the token to $8.36. This jump in price was fueled by a surge in trading volume to $57.26 million, which was driven by the highly anticipated launch of Helium Mobile. This exciting launch of a $20 unlimited monthly phone plan available for everyone in the United States offers unlimited data, texts, and talk for a cheap and unbeatable price. Before Helium Mobile, people in the US had to spend an average of $157 per month on phone plans through traditional service providers. The new service utilizes Helium’s 5G network, which allows users to set up mini-cell towers and extend network coverage.
Even with the launch of the Helium Mobile, the short-term prognosis for Helium’s price is uncertain, although long-term growth for the project is expected. The coin’s price recently surged to $8, hit resistance, then dropped before leveling off just below $8. The strong hype following the network’s launch supports the belief that HNT’s price will continue to rise. Even with indicators showing that the token is overbought, the price surge lost its momentum but Helium’s bullish trend is set to continue, potentially reaching the resistance at $10.
With the recent surge in Helium’s price and the launch of Helium Mobile, the project is on an upward trajectory, but the short-term prognosis is less predictable. As such, you may want to consider diversifying your crypto investments, and Bitcoin Minetrix (BTCMTX) could potentially offer great returns, given its unique position as a cloud mining solution for Bitcoin. Its promise of transparency and security has made it a compelling project that is worth looking into.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.