Top Reasons Why Helium (HNT) Token Price Is Up by 100% in 24 Hours

In a market where many big cryptocurrencies are facing challenges, Helium Mobile (MOBILE) is making headlines, experiencing a remarkable 100% surge in a single day, reaching $0.0070. Simultaneously, its trading volume has spiked by an impressive 200%, hitting $18 million.

What’s the reason behind the surge? Read on!

What’s Helium’s Secret?

Helium (HNT), known for its decentralized wireless network, recently shook up the telecom market with a groundbreaking $20/month unlimited cell phone plan in the United States. This affordable option has gained significant traction compared to the average monthly phone bill.

The Mobile Virtual Network Operator (MVNO) has attracted around 8,000 subscribers, thanks to a clever incentive system. New Helium Mobile users are lured in by the chance to earn “mapping rewards” through sharing their phone’s session connection data with the Helium network.

By saying yes to this offer, users receive a special non-fungible token (NFT) minted into their Helium wallet on the Solana blockchain. Holding this NFT means a share of 20% in all $MOBILE rewards.

Dual Advantage of NFTs

The strategic integration of NFTs not only helps Helium Mobile identify busy areas, improving services by encouraging more hotspots, but also cuts down costs by reducing reliance on external networks like T-Mobile’s.

Digital expert Salvador Gala notes that about 8,000 people have acquired these unique digital tokens, and another 34,000 have downloaded the app, indicating widespread interest in what Helium Mobile is doing.

Read More: NFT Mania: The Rise of Non-Fungible Tokens and Digital Collectibles

While many cryptocurrencies face challenges, Helium Mobile stands out, catching attention with its unique approach to cellphone services. The seamless integration of NFTs and the growing demand for Helium Mobile services continue to drive its surge in value and popularity.

Current Status and Future Projections

Presently priced at $0.0070, MOBILE holds the 216th rank in the crypto ecosystem, with a circulation supply of 78.5 billion and a market cap of $545 million. The recent surge reflects an impressive 100.74% increase in Helium Mobile’s price over the last 24 hours.

Looking ahead, predictions suggest a minimum price level of $0.0128 for Helium Mobile in 2024. The anticipated maximum price is $0.0152, with an average hovering around $0.0132 throughout the year.