Bittime - Helium (HNT) is the best altcoin to buy now, considering its 50% price increase.
The crypto market which is experiencing a long crash is currently requiring crypto investors to be more alert in looking for potential.
In the midst of the saturation of the crypto market, an altcoin has emerged which is projected to be a solution, namely Helium (HNT) .
What is HNT (Helium)?
Helium Network Token (HNT) is the native cryptocurrency operating on the Helium Network.
HNT is the only one that can be used to create Data Credits and send data from devices.
HNT tokens connected to subnets (IOT and MOBILE) are also supported and can be exchanged for HNT.
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Helium (HNT) Is the Best Altcoin Right Now?
Helium was one of the cryptocurrencies that made the biggest gains last week, with a price surge of 50%.
Wave analysis shows that Helium price has started wave five after completing wave four in the last three months.
Currently, HNT price is inside the resistance level. A successful break through this level could confirm an uptrend reversal.
Even though prices have decreased throughout 2024, there has been a significant increase in the last five days. In fact, HNT has become one of the best performing cryptocurrencies recently.
While the cryptocurrency market as a whole is undergoing a correction, Helium (HNT) actually saw an increase of 30% in the past week, in contrast to other top altcoins which lost around 15% of their value in the same period.
Relevance of Helium Prices (HNT) with Helium Mobile Updates
HNT is currently trading around $5.4, with a market cap exceeding $800 million.
Arman Dezfuli-Arjomandi, an analyst with 10,000 followers at
" Helium Mobile Update : Added more than 62,463 customers on unlimited plans since January 1 - Burned nearly $3,000 of $HNT per day through their data usage on Wi-Fi hotspots - Conducted initial integration testing with AT&T (223 million customers) and Google Orion for data offloading."
Source: https://en.cryptonomist.ch/
Dezfuli-Arjomandi also highlighted the launch of new features and partnerships, including a $20/month business group plan, the addition of international roaming, in-app phone plan payments with $MOBILE, and SIM card availability on Amazon. He also noted:
"They have also become one of the largest Solana wallet providers (every sub has an in-app wallet) and have added support for all SPL tokens to the wallet, opening up opportunities for non-crypto users to enter Solana and get their first crypto experience."
Also Read How to Buy Crypto:
Price Predictions for Helium (HNT) Are Inconsistent
According to DexScreener, the MACD line is currently above the MACD signal line , signaling a bullish trend for HNT.
However, it is worth noting that the current trend may change soon, with the MACD line expected to fall below the signal line, which could be a bearish signal .
The Relative Strength Index (RSI) is in the range of 45-50 across all time frames, indicating neutral market sentiment.
It is worth noting that HNT's all-time high price was over $50, and currently the coin price is far from reaching that level.
In the absence of strong indicators indicating continued increases in HNT prices, it is possible that price increases will slow down in the coming days.
Overall, there is a mixed picture regarding HNT price movements. In the weekly time frame, the price movement shows a bullish trend , but the indicator readings show a bearish trend.
Also Read: What is Homer On Solana (HOMSOL)? Will It Really Go Viral?
On the other hand, in the daily timeframe, the number of waves and indicator readings suggest a bullish trend, although the price action does not verify the reversal.
The outlook for May will be heavily influenced by whether HNT is able to break above the $5.30 level or suffers rejection.
The chances of a breakout and recovery higher are greater because the number of waves indicates potential strength.
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Final Note
Although HNT Helium is improving thanks to Helium Mobile updates and its integration with large companies such as AT&T and Google, technical indicators show possible bearish signals in the near term.
Even so, the existence of a solid coin community and its innovative features can still be a driver of its growth.
How to Buy Helium (HNT) on Bittime
You can buy and sell Helium (HNT) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Helium (HNT) is available on Bittime with the market pair HNT/IDR . To be able to buy HNT IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Helium (HNT) on Bittime .
Monitor price chart movements for Helium (HNT) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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