A Solana-Based Altcoin Soars After Collaboration with Telecom Firm
Nova Labs, the team behind Helium Mobile (MOBILE), a wireless crypto project based on Solana (SOL), has announced a partnership with Spanish telecom firm Telefónica. The collaboration aims to launch mobile hotspots in select areas of Mexico.
The joint effort between Helium and Telefónica not only aims to expand the mobile phone network’s coverage but also offers a unique feature. Users will be able to access mobile WiFi using only their phone’s SIM card.
Nova Labs and Telefónica have implemented Helium Mobile Hotspots in Mexico City and Oaxaca, extending Telefónica’s coverage and improving mobile data offloading to the Helium Mobile Network. This collaboration is expected to reduce infrastructure costs while maintaining high-quality service.
Altcoin Spikes 39% Following Partnership News
News of the collaboration between Nova Labs and Telefónica caused the price of MOBILE to surge by 39% in just two days. The altcoin experienced a weekly low of $0.0023 before reaching a high of $0.0032. However, it has since retraced and is currently trading at $0.0029.
Hot Take: Solana-Based Altcoin Gains Momentum with Telecom Partnership
The partnership between Nova Labs and Telefónica is set to bring significant advancements to the telecommunications industry by enabling secure data offloading and expanding network coverage. By leveraging the Helium Mobile Network, users will have access to mobile WiFi using just their SIM cards, reducing infrastructure costs for telecom companies like Telefónica. As a result, the price of MOBILE surged by 39% following the announcement, demonstrating the market’s positive response to this collaboration.
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