Helium is one of the crypto-projects that are championing decentralized physical infrastructure (DePIN). However, despite being a pioneer...
It’s time to finally pay pay more attention to Helium now that it is flashing robust growth in key metrics.Helium is one of the crypto-projects that are championing decentralized physical infrastructure . However, despite being a pioneer in its segment, the network’s growth has for a long time remained constrained by the pace of adoption.adoption is now starting to grow at a faster pace. This is particularly evident in its user growth figures.
Healthy mobile pay bill pre-payments indicated noteworthy revenue generation too. It is also a signal of Helium customer retention being strong.Now, Helium has been exploring growth by bootstrapping existing carriers. Its new total carrier offload service allows existing mobile carriers to use Helium’s mobile hotspots to decentralize their offerings. This approach presents a chance for Helium to rapidly scale up in terms of adoption.
Alternatively, one could also view it as an indicator that the network’s expanding infrastructure has been bringing more users onboard.has been on an overall bullish trajectory since the second week of July. This is a clear sign that it is recovering after previously going through a harsh bearish period that saw it fall from its 2024 high of $11.06. – A 74% discount to the bottom range just below the $3 price level.
HNT was valued at $6.74, at the time of writing. This price point was a 133% recovery from its bottom range.Our analysis indicated that HNT could be due for some sell pressure though. This, because its price was not only overbought but, it also demonstrated price-RSI divergence. The RSI had a lower high compared to the previous peak towards the end of June, while the price is higher now than it was in its June peak.
While a bearish pullback could be on the menu, it is hard to tell whether it will be an intense one or whether it can hold its current price. This may be because the new found pace of growth could encourage HNT holders to hold on for longer in anticipation of higher prices.Michael is a full-time journalist at AMBCrypto. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments.
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