phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks.\u00a0<\/span><\/p>\nInvestors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward.<\/span><\/p>\nFeatured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"After the market\u2019s extreme overreaction yesterday, Helium, and the entire crypto market, booms in value. According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish.\u00a0 Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Helium\u2019s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market\u2019s correction phase. Despite this, the platform has continued to innovate despite the lingering bearishness still felt today.\u00a0 Helium Mobile Users Skyrocket, Bringing HNT Mainstream\u00a0 Since its launch in 2023, Helium Mobile continues to rise as one of the most mainstream crypto-base products in the market. With Helium\u2019s entry into the telecom industry, its mobile arm has garnered 106,765 signups with a little under 15,000 hotspots deployed.\u00a0 This is huge. With Helium Mobile leveraging the network\u2019s established web of hotspots around the globe may open more opportunities for the platform to establish itself within the retail space. As of writing, the Helium network boasts 380,629 hotspots, accounting for the total number of LoRaWAN and 5G devices.\u00a0 Mobile\u2019s entry into the telecom industry was smoothened further by its Carrier Offload Program. The program enables users from different carriers to connect with Helium hotspots. As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots.\u00a0 With the average phone plan price in the United States becoming more expensive, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe.\u00a0 This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning. Messari\u2019s recent overview of Helium shows that the network is currently experiencing strong growth in the burning of DCs, contributing to the network\u2019s finances. HNT: Turning Point Or False Flag? Current market conditions are unpredictable. Market volatility increased because investors and traders realized they had overreacted to the market correction and interpreted it as a hint of further sell-off, creating a self-fulfilling prophecy. Related Reading: Bloody Monday: Cardano Not Spared From Bloodbath, Suffers 30% Loss As of writing, HNT is back on top of its May levels which can sustain a small breakthrough towards $4.919. With the market\u2019s current jitters, HNT bulls face market volatility coupled with strong market anxiety.\u00a0 But with the similar phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks.\u00a0 Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move. The bulls are expected to hold on to $4.439 as a support before any movement upward. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":633410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1558,10818,86754],"class_list":["post-633401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-cryptocurrency","tag-helium","tag-hnt"],"acf":[],"yoast_head":"\n
Helium Stays Afloat With 20% Gains Amid Crypto Market Mayhem<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n