HNTUSD Archives

Helium’s Mobile Service Launch Ignites HNT Investor Frenzy

The recent surge in HNT’s price can be attributed to the announcement made by the Helium network on December 5. The network revealed that users across the United States can now enjoy unlimited data, voice, and text services for a monthly fee of $20 through their newly launched mobile service.

According to recent reports, Helium Mobile, a subsidiary of Nova Labs, introduced this no-contract nationwide mobile service, aiming to provide consumers with an affordable and unrestricted mobile experience.

This move comes when major carriers have been imposing data limits, increasing contract obligations, and raising prices, making Helium’s offering particularly appealing to users seeking more flexible and cost-effective options.

By offering unlimited data, voice, and text services for a flat fee of $20 per month, Helium Mobile aims to address the growing demand for affordable and unrestricted mobile connectivity.

According to the announcement, the company aims to empower customers by putting control back into their hands, challenging the practices of traditional carriers.

CEO Amir Haleem Calls For Transparency In Mobile Industry

Amir Haleem, CEO of Nova Labs, emphasized the company’s belief that cell phones are essential and that unlimited data, text, and calls should be standard offerings.

Haleem criticized carriers for concealing high subscription rates, roaming fees, and additional data charges behind seemingly attractive phone upgrade options that often lock customers into costly plans for extended periods.

In addition to its mobile service, Helium Mobile supports a people-powered coverage model, allowing customers to become network owners and operators. Like platforms like Airbnb or Uber, the company believes that “reducing monopolies” and empowering customers can improve service quality, lower costs, and overall benefits for all stakeholders.

As the demand for reliable and affordable mobile services grows, Helium’s approach has positioned it as a key player in the industry. This announcement has propelled HNT’s price upward as investors recognize the potential of Helium’s approach in the mobile service sector.

The trading price of HNT stands at $4.153, marking a significant breakout from its downtrend structure of the past 11 months. The cryptocurrency is now targeting its next resistance level at $4.70.

However, should HNT fail to surpass this resistance, it will be crucial for the coin to maintain support at the $3.00 level to sustain its current bullish momentum.

Featured image from Shutterstock, chart from TradingView.com

Helium (HNT), a cryptocurrency project focusing on the Internet of Things, has gained in recent times despite market conditions. According to CoinMarketCap, HNT has been up 8.42% over the last 7 days, trading at $4.90 at press time.

Despite the gains, the token has found it difficult to break above the $5 mark. The price movement has been on a downward trend. It’s uncertain if this will continue or not. However, its weekly price action has given traders a good reason to be hopeful.

How Helium Is Holding Its End

As of writing, the Helium (HNT/USD) price is $4.90. Although earlier this morning, October 2nd, it was considerably higher than that. What makes this rate so exceptional for this coin?

The market is behaving strangely. Friday’s HNT price of $5.11 and recent volatile trends indicate this. This is a really positive sign for this cryptocurrency, as there is now a great deal of interest in it. The coin’s value and trading volume have both increased since last week’s all-time high. So far, today’s trading volume is $19 million, although it’s down 9.52% over yesterday’s total of $21 million.

The charts currently show a double top which indicates a bearish reversal pattern. However, the current price is still very much within the range of support levels. If the price continues to fall below these levels, then we could see further losses. But if the price breaks out of the resistance level, then we can expect some bullish momentum.

HNT’s price is currently trading at $4.85. | Source: HNTUSD price chart from TradingView.com
Where Does Helium Go From Here?

There’s no telling where this coin will go from here, but things are going well for now. The price of HNT may be almost the same as it was at the beginning of the month, but this does not imply that the price has stayed relatively flat.

Quite the reverse, as the coin has seen much activity. This activity has taken HNT both to new lows and new highs in the space of a few weeks. As it strives to go more mainstream, we anticipate Helium will continue to experience a great deal of activity.

Those that took advantage of the recent downturn have reaped substantial profits from Friday’s upswing. The price movements between then and today, October 2nd, show they might get another chance to benefit in the weeks ahead. But there’s no way to tell for sure.