Helium’s native token, HNT, has surged by 21% over the past two days, fueled by the rapid development of its ecosystem.
While many cryptocurrencies have been stuck in a prolonged downtrend, HNT has managed to stand out, making significant gains. Recently, it has frequently appeared on the “Top Gainers” list, often securing the top spot. This upward momentum has sent a strong signal of optimism to both the ecosystem and its investors.
According to data from TradingView, HNT reached a notable price of $8.35 on September 5. CoinMarketCap shows that this impressive performance made HNT the best-performing altcoin among the top 100 cryptocurrencies for the day.
Helium Mobile has hit several milestones as it continues to solidify its position in the telecommunications sector. The platform leverages the Helium network to connect to hotspots worldwide, enabling data sharing, tracking, and communication without relying on centralized cellular or WiFi networks.
As of early August, Helium Mobile had over 100,000 subscribers, and by September 4, that number had climbed to 112,709. Over the past year, the subscriber base has grown by more than 300%. Similarly, the number of global hotspots, which stood at just 11 in September 2023, has skyrocketed to 18,355 in recent days.
Data from Helium’s website highlights the network’s expansion across the U.S. and Western Europe, with growing footprints in Latin America and Asia. In the last 30 days alone, Helium Mobile’s network usage has increased, with daily usage reaching 3,033 as of September 5.
This ecosystem expansion has naturally had a positive impact on HNT’s price. In a bear market where most cryptocurrencies are struggling, HNT has captured the attention of investors looking for opportunities.
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