After a massive loss in September, the cryptocurrency industry is quietly gaining traction.
Traders and investors equally had positive news in October. Furthermore, the overall crypto market volume during the last 24 hours was $141.95 billion at the time of writing. Even if it is down 34% from a month earlier, this is still a win. It is because it has recovered a little in the last few days.
Helium (HNT) is a decentralized blockchain-based network for Internet of Things (IoT) devices. In July 2019, Helium’s mainnet will improve the ability of low-powered wireless devices. This is to engage with each other and share information throughout its network of nodes.
We have so-called Hotspots as blockchain nodes, which are a blend of a wireless gateway and mining equipment. Individuals who run nodes are incentivized with HNT, Helium’s native cryptocurrency token.
From its inception in 2013, Helium’s mission has been to ready IoT communication for the future. This is by detecting shortcomings in present infrastructure.
HNT is now trading at $45.27 with a 24-hour trading activity of $57,799,209 at the time of penning this Helium price research. HNT’s value had increased by 4.35 percent in the previous 24 hours.In addition, HNT now has a circulating pool of 102,713,823.80 HNT. Binance, FTX, Gate.io, ZT, and Mandala Exchange are presently the main digital asset trading platforms for HNT.
HNT recently climbed to 43rd place on CoinMarketCap. Will new blockchain upgrades, adjustments, and innovations, however, help the bitcoin price rise?
HNT’s price has undergone multiple bullish swings since the beginning of 2021. All of which have been higher than the preceding one. Consolidation, fluctuations, and corrections occur almost immediately after these events. Taking this into account, HNT will have a competitive market in 2021.
Over the last four days, HNT has performed admirably. Furthermore, the HNT price is trending upwards. If the trend holds, HNT might join the bulls. Join them in breaking through the $60.75 resistance level and moving much higher to $81.63. In the event that investors turn against the cryptocurrency, the bears may seize control and force HNT out of its uptrend. In layman’s terms, the value of HNT might drop to roughly $37.81, indicating a bearish indication.
Nevertheless, we have a positive long-term HNT price projection for 2021. It has a good chance of scaling new heights. Unfortunately, this will only transpire if it overcomes a number of psychological barriers. If investors continue to back HNT alongside other digital currencies such as Bitcoin and Ethereum this year, it might possibly hit $100.
HNT will hit $55 by the end of 2022 if the current bullish pattern holds. Furthermore, the first half of 2022 will see a rapid increase, reaching $60. After that, the growth will decelerate, but no significant drops are forecast. With impending partnerships and developments, hitting $55 is a bit of a stretch in terms of price, although it’s certainly doable in the near future.
