{"id":516826,"date":"2023-01-20T08:30:58","date_gmt":"2023-01-20T13:30:58","guid":{"rendered":"https:\/\/wncen.com\/?p=516826"},"modified":"2023-03-08T07:26:22","modified_gmt":"2023-03-08T07:26:22","slug":"hnt-token-grows-36","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/hnt-token-grows-36\/","title":{"rendered":"HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration"},"content":{"rendered":"
Helium\u2019s native token HNT has been bloating in price since the start of the year. According to <\/span>CoinGecko<\/span><\/a>, the token is up more than 36% in the past week. This means that the token is ready for more gains in the coming days or weeks as Helium merges with the Solana blockchain.<\/span><\/p>\n According to Helium\u2019s <\/span>tweet<\/span><\/a> back on December 16th, the two blockchains will merge in the 1st quarter of this year. Will HNT continue its bullishness post-merge?<\/span><\/p>\n <\/p>\n The Helium-Solana consolidation event is not just the only thing marked for investors and traders to watch. Nova Labs, formerly known as Helium, and T-Mobile <\/span>announced<\/span><\/a> a partnership back on September 20 last year.\u00a0\u00a0<\/span><\/p>\n Helium is migrating onto the @Solana<\/a> blockchain ~Q1 2023. Did you know @Helium<\/a> Hotspots will each be represented by an NFT on Solana\u2014creating almost 1 million new Solana NFTs during the Helium #MintORama<\/a>? \u2014 Helium Foundation (@HeliumFndn) December 15, 2022<\/a><\/p><\/blockquote>\n According to the press release, the partnership would enable Helium Network users to use the T-Mobile 5G network alongside with Helium\u2019s own native 5G network. This would entitle users to opt-in of the MOBILE rewards system.\u00a0<\/span><\/p>\n This system rewards users for sharing data about Helium\u2019s dead spots location in the United States which would help them save on cellular data plans. The public beta launch of the rewards system will launch during the 1st quarter this year.\u00a0<\/span><\/p>\n Helium and Solana\u2019s <\/span>merge event<\/span><\/a> will also happen at the same timeframe. The upgrade would enable the ecosystem to give more back to hotspot owners as 2 million HNT would be allocated annually for rewards.\u00a0<\/span><\/p>\n It would also make the network faster and reliable as the proof-of-coverage system of Helium gets buffed.\u00a0<\/span><\/p>\n As of writing, the token faced a rejection at $3.4 with the bears trying to reach the $2.8 support line. The first few months of this year could set up HNT for greater heights as the rewards system and the merge of Solana and Helium happens at nearly the same time.<\/span><\/p>\n With the token\u2019s price at $2.9, HNT is expected to face challenges in the short to medium term as volatility enters the market. If the token\u2019s current support is broken, investors and traders might have a hard time to revert back to its current price point.<\/span><\/p>\n <\/p>\nThe Merge & External Developments On Helium<\/strong><\/h2>\n
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\nIf you missed our Transition AMA on Dec. 1st, here’s a recap. \ud83e\uddf5 \ud83d\udc47<\/p>\nImage: Securities.io<\/pre>\n
What Does This Mean For HNT?<\/strong><\/h2>\n
Crypto total market cap at $932 million on the daily chart | Chart: TradingView.com<\/a><\/pre>\n