While the cryptocurrency market is currently experiencing a retracement, Helium’s performance has remained excellent.
Two week growth, HNT Token up 150%
During the past two weeks, Helium (HNT) has been among the best performing cryptocurrencies. Due to the team’s partnership with telecommunications company Dish, the coin has gained nearly 150% in value during this time.
In an effort to develop a user-powered wireless network, Helium and Dish partnered on October 26. During the partnership, Helium will supply DISH with 3.5 million hotspots, and DISH plans to deploy the hotspots to its customers.
In total, there are more than 250,000 hotspots on the Helium network. This token has done extremely well in the weeks following its announcement. Since the announcement, HNT has gained nearly 150%, and could continue to rise.
HNT reached a new all-time high of $54.20 roughly two hours ago. At the time of writing, HNT is trading at $51.390, down by less than 4% from the all-time high it achieved a few hours ago.
HNT/USD chart. Source: FXEMPIRE
Helium coin $60 potential
HNT has been one of the top-performing cryptocurrencies since the start of the year. Its technical indicators show that the cryptocurrency is currently bullish and could rally higher over the coming hours and days.
Year-to-date, HNT’s value has gone up by 212,887%, outperforming numerous cryptocurrencies during that period. If the coin continues with its current momentum, then it could set a new all-time high above $60 over the next few hours and days.
The RSI of 65 shows that HNT is close to the overbought region and could rally higher over the coming hours and days. The coin’s MACD line is also deep within the bullish region. HNT could test its all-time high of $54 again over the coming hours and might attempt to move towards the $60 psychological level in the next few hours or so.
Original article can be found at; //www.fxempire.com/forecasts/article/helium-hnt-has-surged-by-nearly-150-since-dish-announcement-805387
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
