Helium Token (HNT): What is it? The HNT cryptocurrency gained 2645% in just 12 months
- Over the past 12 months, Helium (HNT) token has gained 2645%.
- Token prices reached an all-time high of US$55.22 in November 2021.
- On January 4, it was trading flat at around US$40.
Helium (HNT) has seen its value increase after its impressive run in 2021, gaining 2645% in just a year’s time. On Tuesday morning, it was trading flat at US$40.12.
What is Helium (HNT) token?
In the world of Internet of Things (IoT) devices, Helium is a decentralized network powered by blockchain technology. It was launched in July 2019.
Helium’s mainnet allows low-powered wireless instruments and devices
Nodes came to existence in the form of traditionally named Hotspots. It is a combination of a wireless gateway and a blockchain mining device. Helium nodes are therefore primarily operated by users who earn rewards in the native token, HNT.
In recognition of the insufficiencies of the current infrastructure, Helium’s main aim is to develop IoT communication for the future.
The firm was founded in 2013 by Amir Haleem, Sean Carey, and Shawn Fanning.
There are a number of exchanges where HNT can be traded, such as Binance, FTX, etc. By the end of 2022, the number of coins in circulation was over 105.45 million, based on CoinMarketCap.com.
Source: *Data provided by CoinMarketCap.com
Helium (HNT) token; Price Analysis
On Tuesday, Jan 4, Helium tokens were priced at US$40.12 at 9:15 am ET, down 0.30%. Market capitalization is $4.23 billion, and fully diluted market capitalization is $8.94 billion. The coin’s last 24-hour trading volume through Tuesday morning was US$34.82 million.
In the last 52 weeks, HNT’s price peaked at US$55.22 and fell to US$1.18. On Nov 12, 2021, the price peaked at US$55.22. The coin gained 2645.18% in one year.
The cryptocurrency market hit the global headlines in 2021 after its valuation skyrocketed, helped by gains in Bitcoin prices, which had briefly breached the US$65,000 mark. Investors, however, should closely evaluate the market before investing in digital assets.