As a seasoned analyst with over two decades of experience in the tech and crypto industries, I must admit that the rise of Helium (HNT) has been nothing short of impressive. Having closely monitored the telecom sector for much of my career, it’s refreshing to see a decentralized player like Helium Mobile disrupting the status quo.
With market activity picking back up, Helium’s value continues its upward trajectory, catching the eye of investors. According to CoinGecko, this token has seen over 48% growth since last week, making it a top choice for both long-term investors and traders seeking profitable assets.
Helium Mobile has been drawing attention due to its demonstrated resilience and power, going head-to-head with prominent telecom companies in the U.S. More recently, it demonstrated its strength again by revealing the testing of two carriers who are transferring their network traffic to its platform, establishing new records yet again.
Carrier Offload Beta Now Out Showing Big Results
Using Helium Mobile’s announcement that the Carrier Offload Beta has been launched, two service providers conducted tests on the network, resulting in a substantial increase in network performance statistics.
Our Carrier Offload Beta is now LIVE!
As a research participant, I’m thrilled to inform you that you can now participate in our Offload Beta program by enabling your hotspot within the Builder App or Hotspot Dashboard.
Currently, users with mobile service providers beyond yours are able to link up to and exchange data via your Helium Mobile Hotspots.
— Helium Mobile (@helium_mobile) August 9, 2024
As stated on their website, these two carriers contributed nearly 60,000 new users to the platform, and a massive five terabytes of data has been transferred via Helium Mobile. Remarkably, this was accomplished using just 89 active hotspots in total across both carriers.
The network’s performance proved it could compete effectively against established telecom giants, given its relatively recent entry into the industry.
As the spotlight on decentralized physical network infrastructures (DePIN) increases, Helium’s entry into the telecom sector offers consumers an additional budget-friendly carrier option. With postpaid and prepaid plans becoming increasingly costly, Helium’s reputation for affordability and reliability positions it well for growth in the near future.
Helium Price To Stabilize At This Level
In terms of percentage growth, HNT has made quite an impressive mark, generating profits for investors and traders alike, alongside the broader market’s rise. Nevertheless, it appears that the token may settle within a limited price range in the near future.
For investors and traders, the immediate future of HNT might be confined within the $6-$7 price range. This situation could favor neither the bears nor the bulls significantly, as there’s limited room for either side to build up momentum. As a result, the coming days are expected to be decisive in determining HNT’s short-term stability.
If the bears gain traction, it’s likely that the token will decrease by several percentage points and reach around $5.5. However, should the bulls take charge instead, they could potentially push the token price up to $8 in the future, provided the bullish trend persists and there’s a positive outlook in the broader market.
As an analyst, I’m anticipating a surge of volatility in the upcoming weeks due to the imminent release of key macroeconomic indicators. These fluctuations might impact the market pricing of HNT significantly, potentially causing it to deviate from its fair value. Therefore, investors and traders should prepare for this short-term turbulence and adjust their strategies accordingly.
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2024-08-13 21:41