HNT Price Pumps: Will Helium Become the 'Backbone' of Wireless Infrastructure?

Helium's HNT is again a hot story in crypto. Just look at other altcoins – all “in red” today while the HNT price is pumping again.

Cryptocurrency prices are mostly down on Monday morning, but HNT is again an exception to the rule. The Helium token price is up 13%, making it the only major crypto in the green today.

This morning, BTC is down 0.7%, ETH is down 1.2%, BNB is down 1.5%, XRP is down 1.7%, ADA is down 1.8%, MATIC is down 2.1%, LTC is down 0.3%, UNI is down 1.9%, SHIB is down 0.3%, and DOT is down 1.3%.

However, HNT is up 13% over the past 24 hours, and the token price is now back above $7. It still has some work to do to break 2024 yearly high of $10, which was set in mid-February this year.

A community call is scheduled for tomorrow at 16 UTC where updates and discussions regarding the Helium Network will take place. This is the only development I found regarding Helium’s today that might have affected the price positively.

This monthly event provides a platform for developers, Hotspot owners, and community members to discuss protocol governance and other relevant topics within the Helium ecosystem. The call will be held on Helium’s discord channel, as announced on Reddit.

Helium Price Chart - HNT/USD 4 Hour Price Chart from Binance on TradingView.com

Discussions in the crypto community have highlighted Helium’s potential to revolutionize wireless infrastructure. Traditionally, large carriers had to build new cell towers to expand coverage, a process that required significant capital investment. However, Helium’s decentralized network of mobile nodes offers a new approach to expanding wireless coverage.

In the past, large carriers had to build new cell towers to expand coverage, which was a highly capital intensive process. However, with Helium’s network of mobile nodes, carriers could now offload data to these nodes instead of building new towers. This shift in infrastructure development aligns with the principles of Decentralized Physical Infrastructure Networks (DePIN).

By utilizing a network of individual contributors, Helium can create a more flexible and cost-effective solution for expanding wireless coverage. This shift could enable Helium to become an integral part of the wireless infrastructure landscape, allowing carriers to offload data to Helium’s mobile nodes.

As the demand for reliable and widespread wireless coverage continues to grow, Helium’s innovative approach could position it as a key player in the future of telecommunications infrastructure.

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