🟣 While the cryptocurrency market continues its downtrend, the HNT token of the Helium platform has surged nearly 90% in the last 30 days. This increase is driven by growing demand due to new partnerships and network updates. Two major U.S. telecom operators have begun testing traffic offloading on the Helium Mobile Network.
🟣 Changes in token issuance have also impacted the market. The Helium Foundation announced a reduction in the issuance of HST tokens and other updates. The boom in decentralized physical infrastructure (DePIN) at the start of 2024 attracted over $246 million, increasing the market capitalization by 400%. Currently, HNT holds the 63rd position in market capitalization among cryptocurrencies.
🟣 The growth trend of HNT continues to attract investors, but a reversal is possible if the price fails to stay above the $6 level.