{"id":636314,"date":"2024-08-18T17:00:44","date_gmt":"2024-08-18T17:00:44","guid":{"rendered":"https:\/\/www.wncen.com\/?p=636314"},"modified":"2024-08-18T12:36:40","modified_gmt":"2024-08-18T12:36:40","slug":"helium-rockets-up-18-as-investors-weigh-in-new-developments-details","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/helium-rockets-up-18-as-investors-weigh-in-new-developments-details\/","title":{"rendered":"Helium Rockets Up 18% As Investors Weigh In New Developments &#8211; Details"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Investors flock to Helium (HNT) after it showed strength despite the stagnating momentum of the market. According to <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, the token is up more than 21%, going against the market\u2019s flat trajectory. This came after a cryptic post about Helium\u2019s plans that might indicate a better future for the platform and its users.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/polkadot-dot-investor-confidence-falls-as-token-loses-16\/\" target=\"_blank\" rel=\"noopener \">Polkadot (DOT) Investor Confidence Falls As Token Loses 16%<\/a><\/div>\n<p><span style=\"font-weight: 400\">With this in mind, HNT continues to be an attractive investment for both users of the platform and those who are chasing gains in the long term. But with the market\u2019s stagnating momentum, investors and traders should exercise caution as any swing by the broader market might lead to a downturn.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Cryptic Message Boosts Investor Interest On HNT\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Abhay recently posted a mysterious message that\u2019s hinting at a <\/span><a href=\"https:\/\/x.com\/abhay\/status\/06494244\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">possible network upgrade<\/span><\/a><span style=\"font-weight: 400\"> soon. This sent the community spiraling into speculation, with Abhay stating that it would be a busy month for the network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The hype this post generated is substantial as community members await an official announcement for the speculated upgrade that might happen soon.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1.0 &#8211; launch a wireless network<br \/>\n2.0 &#8211; scale two networks<br \/>\n3.0 &#8211; scale all networks<\/p>\n<p>stay tuned, <a href=\"https:\/\/twitter.com\/helium?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@helium<\/a> <a href=\"https:\/\/t.co\/2aNUG8IyDe\" rel=\"nofollow\">pic.twitter.com\/2aNUG8IyDe<\/a><\/p>\n<p>\u2014 abhay \ud83c\udf88 (@abhay) <a href=\"https:\/\/twitter.com\/abhay\/status\/06494244?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 16, 2024<\/a><\/p><\/blockquote>\n<h2><span style=\"font-weight: 400\">Mobile Carrier Beta Passed, Expands Network Reach\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">HIP 129 was passed three days back, allowing all Mobile hotspots to participate in the Carrier Beta. This expands the reach of the Carrier Beta which will affect the performance of the network in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With almost the entire mainland United States having Helium network <\/span><a href=\"https:\/\/explorer.helium.com\/stats\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">coverage<\/span><\/a><span style=\"font-weight: 400\">, the community will observe a jump in the number of users trying to offload Carrier beta. As of press time, over 58,000 users have joined since last week, a net gain of 5,122.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data usage has also experienced an uptick with an additional 1.5 terabytes of data flowing through the platform.\u00a0<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/svTNGzJy\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">HNTUSD trading at $7.9 on the daily chart:<a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<h3><span style=\"font-weight: 400\">Investors Win With New Opportunities For Helium<\/span><\/h3>\n<p><span style=\"font-weight: 400\">The token is currently resting above the $7.2 support with the bulls approaching the $8 ceiling confidently. With a strong bullish sentiment backing its trajectory, HNT is set to break through this ceiling in the coming hours or days. Thanks to Helium\u2019s on-chain developments, investors\u2019 confidence is at its highest as they continue to accumulate the token.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/cosmos-price-analysis-why-this-analyst-says-atom-has-a-great-chart\/\" target=\"_blank\" rel=\"noopener \">Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, the relative strength index (RSI) suggests that the momentum will slow down. But this may occur well after a breakthrough on the $8 ceiling. If this occurs, investors and traders have a shot at $9 in the long term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Putting the market\u2019s general sentiment into consideration, HNT might experience a slight pullback, possibly returning to the $7-$8 price range before a strong upward push towards $9. This represents a nearly 22% increase in price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and traders, however, should be mindful of the market as any swing of the broader market might influence the token\u2019s trajectory in more ways than one.\u00a0<\/span><\/p>\n<p><em>Featured image from Live Science, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors flock to Helium (HNT) after it showed strength despite the stagnating momentum of the market. According to CoinGecko, the token is up more than 21%, going against the market\u2019s flat trajectory. This came after a cryptic post about Helium\u2019s plans that might indicate a better future for the platform and its users.\u00a0 Related Reading: Polkadot (DOT) Investor Confidence Falls As Token Loses 16% With this in mind, HNT continues to be an attractive investment for both users of the platform and those who are chasing gains in the long term. But with the market\u2019s stagnating momentum, investors and traders should exercise caution as any swing by the broader market might lead to a downturn.\u00a0 Cryptic Message Boosts Investor Interest On HNT\u00a0 Abhay recently posted a mysterious message that\u2019s hinting at a possible network upgrade soon. This sent the community spiraling into speculation, with Abhay stating that it would be a busy month for the network.\u00a0 The hype this post generated is substantial as community members await an official announcement for the speculated upgrade that might happen soon.\u00a0 1.0 &#8211; launch a wireless network 2.0 &#8211; scale two networks 3.0 &#8211; scale all networks stay tuned, @helium pic.twitter.com\/2aNUG8IyDe \u2014 abhay \ud83c\udf88 (@abhay) August 16, 2024 Mobile Carrier Beta Passed, Expands Network Reach\u00a0 HIP 129 was passed three days back, allowing all Mobile hotspots to participate in the Carrier Beta. This expands the reach of the Carrier Beta which will affect the performance of the network in the long term.\u00a0 With almost the entire mainland United States having Helium network coverage, the community will observe a jump in the number of users trying to offload Carrier beta. As of press time, over 58,000 users have joined since last week, a net gain of 5,122.\u00a0 Data usage has also experienced an uptick with an additional 1.5 terabytes of data flowing through the platform.\u00a0 Investors Win With New Opportunities For Helium The token is currently resting above the $7.2 support with the bulls approaching the $8 ceiling confidently. With a strong bullish sentiment backing its trajectory, HNT is set to break through this ceiling in the coming hours or days. Thanks to Helium\u2019s on-chain developments, investors\u2019 confidence is at its highest as they continue to accumulate the token.\u00a0 Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has \u2018A Great Chart\u2019 However, the relative strength index (RSI) suggests that the momentum will slow down. But this may occur well after a breakthrough on the $8 ceiling. If this occurs, investors and traders have a shot at $9 in the long term.\u00a0 Putting the market\u2019s general sentiment into consideration, HNT might experience a slight pullback, possibly returning to the $7-$8 price range before a strong upward push towards $9. This represents a nearly 22% increase in price.\u00a0 Investors and traders, however, should be mindful of the market as any swing of the broader market might influence the token\u2019s trajectory in more ways than one.\u00a0 Featured image from Live Science, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":636318,"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":[142,6664,10818,86754],"class_list":["post-636314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-helium","tag-hnt"],"acf":[],"yoast_head":"\n<title>Helium Rockets Up 18% As Investors Weigh In New Developments<\/title>\n<meta name=\"description\" content=\"Investors flock to Helium (HNT) after it showed strength despite the stagnating momentum of the market. 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