What’s Helium Mobile And Why Is It Exploding To Over 800%?

Christian Encila

1 year ago

2 mins read

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Smaller cryptocurrencies are drawing greater attention from investors while larger well-known ones are taking a break following significant increases. One of the lesser-known altcoins is making some big noise: Helium Mobile (MOBILE) has surged by about 1,000% in the past seven days.

Leading the way in the cryptocurrency market’s dynamic trend toward smaller-cap cryptocurrencies is Helium Mobile, whose price has surged by 32% to $0.0072 in the previous day. The altcoin’s trading volume has increased by almost 200% to $20 million, reflecting its recent spike. The market valuation of the coin has broken above $500 million.

Within the Helium Mobile Network, the Helium Mobile token is a native protocol token. Helium Network tokens (HNT) provide support for MOBILE tokens because of the strong relationship between the two.

MOBILE Token Soars With Helium’s Expansion

August 12, 2022, saw the issuance and launch of the MOBILE token. However, it didn’t begin trading on public exchanges until 2023, when its starting price was about $0.0002821. Up until the first week of December, the MOBILE token was trading in a similar range.

Helium’s recent introduction of its competitively priced $20 monthly nationwide unlimited mobile services is the reason for the company’s sharp price increase. The mobile virtual network operator (MVNO) has acquired an estimated 8,000 members as a result of this calculated approach.

HNTUSD currently trading at $8.74 territory. Chart: TradingView.com

The incorporation of blockchain technology into Helium Mobile’s service is a distinctive feature that gives users the opportunity to get “mapping prizes.”

There are currently over 363,000 Helium hotspots worldwide, according to data on its platform, and as the price of HNT tokens grows, this trend may continue.

About 34,000 users downloaded the app and chose to map, but they haven’t subscribed to Helium’s services yet, compared to 8,000 who have already done so. To reach these notable figures in a matter of days for a new application is noteworthy.

Source: HeliumGeek

Helium Mobile Surge Defies Crypto Downturn

Helium Mobile and its mapping service have gained thousands of new clients as a result of MOBILE’s explosive price increase this month—it has increased by over 2,000%. According to data portal Helium Geek, more than 6,700 wallets received MOBILE prizes on Sunday—more than twice as many as a week earlier.

The value of Helium Mobile is simply performing better than most of its peers despite the overall decline in the cryptocurrency market.

Featured image from Shutterstock

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.