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HNT price explodes: How long will the rally last?
Helium (HNT) price rises by more than 15% - new innovations give investors hope. Will the rally continue? Find out more about the innovative cryptocurrency.
HNT price explodes: How long will the rally last?
The price of Helium (HNT) is up more than 15% in the last 24 hours, making it one of the few winners in an overall weak cryptocurrency market. Helium is a blockchain platform that aims to support the Internet of Things (IoT) by building a decentralized wireless network. By operating hotspots - physical devices that provide wireless coverage for IoT devices - operators can earn HNT by enabling data transfers and contributing to network security.
The increasing number of users and subscribers to Helium's paid plan has resulted in thousands of dollars worth of HNT being burned daily, reducing the circulating supply and potentially increasing the price. The platform has successfully forged partnerships with major companies such as AT&T and Google Orion, contributing to increasing mass adoption of cryptocurrencies and blockchain technology.
Although Helium's price is still below its all-time high, there are analysts who suggest that the rally could continue. Constant development and partnerships could make cryptocurrency more relevant than ever. By successfully decoupling from the development of the Bitcoin price, Helium shows strength in a weak market environment and could have further growth potential.
In addition to Helium, there are also other promising cryptocurrencies such as 99Bitcoins that are available for pre-sale and have a lot of room for growth. 99Bitcoins is a learning platform that has helped millions of users learn how to use cryptocurrencies. The in-house $99BTC token offers access to exclusive learning content, trading signals and the opportunity to earn above-average returns through staking. Analysts predict that the price could quickly rise 10-fold after the start of trading on crypto exchanges.
Both cryptocurrencies, Helium and 99Bitcoins, offer investors exciting opportunities to participate in the future of IoT and cryptocurrencies. With continuous innovation and growth prospects, they could prove to be promising investment opportunities.