Helium is one of the more unique crypto networks, providing not just a financial medium or a platform for the dApp developers, as many of the projects in this space are, but bringing something new to the table: the vision for a decentralized wireless network — this is what the Helium Network cryptocurrency is all about. Such an interesting use case is reflected in the amount of attention the coin receives — but what about its price? Look at the HNT price predictions below to find out.
Helium Price Prediction: Why Should You Invest in Helium Cryptocurrency?
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Helium Fundamental Analysis
Helium (HNT) is a native token of the world’s fastest growing wireless network — People’s network. The project was founded in 2013 by Shawn Funning, Amir Haleem, and Sean Carey with a goal to simplify the building of connections between devices. The specialists with various skills in radio, hardware, manufacturing, distributed systems, and peer-to-peer blockchain technologies are working on the development of the first in the world peer-to-peer wireless network. Helium has raised investments from many prominent Venture Capital firms.
The Helium token was created to serve two main goals in the Helium blockchain ecosystems: maintenance of the Hotspot Hosts and paying the Network operators. To mint the coins users need to install a simple device on their computer. Thus every user provides miles or wireless network coverage of Helium LongFi for numerous devices around and receives HNTs as rewards for it.
Helium network makes it possible for the low-powered wireless devices to communicate by sending the data across the network in the form of nodes. The network uses an innovative proof-of-work model called Proof-of-Coverage thanks to which hotspots consume just 5W of energy. Mining of HNT tokens is done using radio technology without expensive and wasteful GPUs. The prices on Helium are extremely low and it can cost cents to run contracts for a year. The network is built on Open Source technology and ruled by an open alliance.
Since the launch, the project has experienced a rather wide adoption as thousands of companies already build on the People’s network thanks to multiple solutions, sensors, devices, and gateways that can be easily configured to run LongFi — a customized mixture of LoRaWAN and blockchain technologies. Recently the project was updated to Console 2.0 (web-tool for managing the devices allowing to register, verify and manage the device on Helium network).
Helium Live Price Chart
According to the Helium token price chart, the coin was experiencing bullish trends from the beginning of 2021. In 1-year time Helium native token increased over 1700% in its value. The price was rising slightly for the first 2 months and then experienced a surge in the middle of March 2021, doubling the price.
Another big jump happened in April when the Helium coin skyrocketed from $8 to $18. The price kept jumping with a bullish tendency between $11 and $19 per token. At the beginning of August, the bullish tendency had strengthened and the token price reached $26. After a series of price corrections, the value stabilized around the level of $21 per token.
According to the Helium price prediction, a long-term price increase is expected and the coin is considered as a profitable long-time investment. Overall Helium cryptocurrency has a positive outlook and potentially will continue growing in the future.