Helium (HNT) Flocks Investors after Showing Strength Amid Market Stagnation

The token is up more than 21%, going against the market's flat trajectory. This came after a cryptic post about Helium's plans that might indicate a better future for the platform and its users.

Investors are showing a lot of interest in Helium (HNT) after it showed strength despite the market's stagnating momentum.

According to CoinGecko, the token is up more than 21%, going against the market’s flat trajectory. This comes after a cryptic post about Helium’s plans that might indicate a better future for the platform and its users.

Investors Flock To Helium (HNT) After Network Plans Surfaced For August Abhay recently posted a mysterious message that's hinting at a possible network upgrade. This sent the community spiraling into speculation, with Abhay stating that it would be a busy month for the network.

The hype this post generated is substantial as community members await an official announcement for the speculated upgrade that might happen soon.

1.0 – launch a wireless network

2.0 – scale two networks

3.0 – scale all networks

stay tuned,

— abhay

(@abhay) August 16, 2024

In other news, HIP 129 passed three days ago, allowing all Mobile hotspots to participate in the Carrier Beta. This expands the reach of the Carrier Beta which will affect the performance of the network in the long term.

With almost the entire mainland United States having Helium network coverage, the community will observe a jump in the number of users trying to offload Carrier beta. As of press time, over 58,000 users have joined since last week, a net gain of 5,122.

Data usage has also experienced an uptick with an additional 1.5 terabytes of data flowing through the platform.

Investors Win With New Opportunities For Helium

The token is currently resting above the $7.2 support with the bulls approaching the $8 ceiling confidently. Backed by a strong bullish sentiment, HNT is set to break through this ceiling in the coming hours or days.

If this occurs, investors and traders have a shot at $9 in the long term. Putting the market’s general sentiment into consideration, HNT might experience a slight pullback, possibly returning to the $7-$8 price range before a strong upward push towards $9. This represents a nearly 22% increase in price.

Investors and traders, however, should be mindful of the market as any swing of the broader market might influence the token’s trajectory in more ways than one.

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