Helium Network (HNT) Gains 40%—Could a 200% Surge Be Next?
NAIROBI (CoinChapter.com) — Helium Network’s HNT token surged over 40% to $5 within a week. This increase followed the rising adoption of Helium Mobile. According to CoinGecko, HNT became the second biggest gainer among the top 100 coins.
It trailed just behind dogwifhat (WIF). Bitcoin (BTC) and the CoinDesk 20 (CD20) Index both rose 7%.
Helium Mobile Surpasses 100,000 Subscribers in Record Time
Helium Mobile has achieved significant growth by connecting subscribers to hotspots that enable data sharing, communication, and tracking without relying on traditional networks. This month, the company announced it had surpassed 100,000 subscribers, marking a 300-fold increase in one year.
On July 12, Helium Mobile released a progress report detailing a pilot program with major U.S. telecom companies to transfer data to the Helium Network. The report also introduced a licensing initiative to increase compatibility with third-party hardware and announced OpenRoaming compatibility to broaden data transfer options for hotspot owners.
In addition, Austin Barack highlighted the milestone, emphasizing Helium’s potential to grow from 100,000 to millions of users. He noted that while others chase the next trend, Helium focuses on building a robust network and offering affordable mobile plans.
Moreover, Tom Shaughnessy Jr., founder of Delphi Ventures, explained Helium’s practical application. He pointed out that reselling home internet through Helium offers cheaper mobile pricing compared to direct mobile plans from carriers.
A single home internet service, costing $50-$100 per month, can be resold to multiple users for just $20 per month with Helium plans, highlighting the success of this model.
Helium (HNT) Set to Explode – Could a 200% Surge Be Next?
Helium (HNT) has shown bullish momentum, breaking above a descending trendline and signaling a potential reversal from its previous downtrend. The current price stands at $5.009, reflecting a 2.29% increase.
Key resistance levels are $5.462, $6.445, and $7.053, with major resistance at $9.550. If HNT reaches $9.550, it would mark a 200% surge from recent lows.
According to CoinMarketCap data, HNT’s market capitalization has surpassed $800 million, an 11% increase.
The RSI stands at 76.46, suggesting that HNT is in overbought territory. If buying pressure continues, this momentum could lead to further gains.
The 1.618 Fibonacci extension level at $4.479 has been breached, and the next targets are the 2.618, 3.618, and 4.236 levels at $5.462, $6.445, and $7.053 respectively.
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