Blockchain Gaming
Helium's HNT Token Surges Amid DePin Market Downturn
Wednesday. July 24 at 12:00 AM
1 min. readHelium's HNT token has experienced significant growth despite a 6.5% decline in the Decentralized Physical Infrastructure Network (DePin) market. Over the past week, HNT surged by 36.9%, reaching impressive milestones in the Internet of Things (IoT) sector. Helium's decentralized blockchain utilizes hotspots for IoT device communication, rewarding owners with HNT tokens. The network recently surpassed 100,000 mobile subscribers, showcasing a steady increase in monthly subscribers. Founder Amir Haleem revealed that major US carriers are testing the Helium network, with potential for further growth. Although HNT prices have risen by 75% in 15 days, caution is advised due to potential slowdowns. The token currently trades around $5.230, with the RSI indicating overbought conditions. Despite recent gains, Helium's year-to-date performance remains down by 30%, emphasizing a cautious yet optimistic outlook among investors.