Helium Price Surges 53% After Unveiling Helium Mobile Service
The price of Helium (HNT) has experienced a significant surge of 53% in the past 24 hours, reaching $4.22 as of 5 a.m. EST. Additionally, the trading volume of HNT has increased by an astonishing 992%.
Introduction of Helium Mobile
The surge in HNT’s price can be attributed to the introduction of a new service called Helium Mobile. Helium Mobile combines the Helium Network, Solana’s blockchain, and a nationwide 5G network to create an internet-of-things project. This groundbreaking initiative will offer a nationwide plan in the US, providing unlimited data, text, and talk for only $20 per month.
Helium Mobile’s Impact on the Price
Helium Mobile is set to be the world’s first crypto carrier, revolutionizing the industry with its unique offerings and approach to launching a nationwide 5G network. The price of HNT initially rose to $4.81 after the announcement but corrected to a support at $4. It then surged again but was rejected by resistance at $4.50, ultimately settling at the current price of $4.22.
Price Analysis
Chart analysis shows a significant widening of Bollinger bands in response to the price surge and increased trading volume. However, the project’s Relative Strength Index (RSI) indicates that the HNT token has entered overbought territory. Despite this, the wider bands suggest that there is still a bullish sentiment surrounding the token. The project is likely to retest minor resistances at $4.3 or $4.5.
An Alternative to Helium: TG Casino
TG Casino is an upcoming project aiming to become a leading platform for online, anonymous crypto gambling. The project is fully licensed and guarantees 100% safety for users. Advanced benefits, such as 25% cashback on losses, are available to those who gamble on the platform using the TGC token.
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The TG Casino presale has already raised over $3.44 million, with the current price of the TGC token at $0.175 each. However, the price is expected to increase in approximately 10 hours, so those looking to buy should act quickly.
Hot Take: Helium Soars with Helium Mobile
The unveiling of the Helium Mobile service has caused a significant surge in the price of HNT. This innovative project combines the Helium Network, Solana’s blockchain, and a nationwide 5G network to offer unlimited data, text, and talk for just $20 per month. Despite some correction in price, the widening Bollinger bands and continued bullish sentiment suggest that HNT may encounter minor resistances at $4.3 or $4.5. Additionally, TG Casino presents an alternative opportunity for crypto enthusiasts with its upcoming presale, offering exclusive rewards and benefits for online gambling.
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