Blockchain technology is revolutionizing many aspects of our daily lives. Most people are aware of the applications of blockchain in finance. However, wireless communications represent one of blockchain technology's most exciting (albeit lesser-known) applications. Helium, a blockchain-based network, is an excellent example of this application.
Helium focuses on decentralizing wireless networks. Users can host Helium hotspots and be paid in the network’s native cryptocurrency, HNT. The Helium network is growing fast, and the HNT coin had a remarkable performance in previous years (particularly in 2021).
But what are the perspectives of this project? Will HNT increase its price in the future? Is it reasonable to invest in this digital asset? We answer these questions in the following HNT price prediction.
What Is Helium (HNT)?
Helium is a blockchain-based decentralized network for the Internet of Things (IoT). It utilizes the LoRaWAN networking protocol to attain low-power, long-range connectivity. The Helium network consists of Hotspots providing public network coverage. Network users can host a Helium hotspot and get paid for the service with HNT tokens. For this sake, the Helium communication network is integrated with the Helium blockchain. As of October 2022, the Helium network comprised more than 25,000 global Hotspots, making it the largest LoRaWAN network in the world.
Helium Overview
According to CoinMarketCap, Helium is the 94th most valuable cryptocurrency by market capitalization. The most relevant statistics of this coin as of January 26, 2023, are summarized below.
HNT’s Price History
The first Helium token was generated on July 29, 2019. There was no pre-mining for HNT. For more than a year after its creation, the HNT token traded at less than $1. In August 2020, the price spiked, finally going over $1. Despite some ups and downs, the HNT token ended 2020 at around $1.3.
The HNT token performed very well in the following year. Its price skyrocketed in April 2021, breaking the $15 barrier. For the next four months, the HNT price fluctuated roughly between $10 and $18. In the second half of August, the HNT experienced another sharp price increase, exceeding $25. But the best was yet to come. On November 12, 2021, the HNT price reached its all-time high at $55.22. However, it dropped within the following day. The HNT token traded at around $38 toward the end of 2021.
In 2022, the HNT price progressively declined. By the end of May 2022, HNT traded at around $7. The price downtrend did not stop in the year's second half. The HNT token ultimately traded at approximately $1.6 by the end of 2022. During the first month of 2023, the HNT price has shown some signs of recovery. It has steadily increased. As of January 26, 2023, the HNT price was around $2.9.
Helium (HNT) Technical Analysis
Helium has had impressive growth in the few years after its launch. Yet, the network must grow even more to attain significant coverage in most urban centers of the United States and Europe. Despite massive growth in some parts of Asia (including China), the network has practically no presence in India and Southeast Asia. Australia needs coverage too.
Hence, there is enormous potential for the growth of the Helium network. The technology behind the Helium Hotspots works as intended. Therefore, we will likely witness the expansion of Helium in the coming years, which might trigger the full recovery of the HNT token.
Helium (HNT) Price Prediction for 2024
In 2024, the HNT price will continue to increase, albeit at a slower pace. PricePrediction indicates an average price of $6.5 and a maximum of $7.3. DigitalCoinPrice agrees with this forecast, indicating an average price of $6.9 and a maximum of $7.3. CryptoNewsZ is much more optimistic, forecasting an average price of $15.2 and a maximum of $16.9.
Helium (HNT) Price Prediction for 2025
Several experts expect the HNT token to gain momentum in 2025, resulting from the expansion of the Helium network. In this scenario, PricePrediction expects an average HNT price of $9.2 and a maximum of $10.9. DigitalCoinPrice has a similar prediction, with an average and a maximum price of $10 and $10.3, respectively. CryptoNewsZ is again more optimistic, forecasting a maximum HNT price of $20.9 in 2025.
Helium (HNT) Price Prediction for 2030
Experts’ opinions differ about the long-term future of the HNT token. PricePrediction expects the HNT price to skyrocket by 2028. As a result, the average HNT price in 2030 will be $58.5, with a potential maximum of $65.6. In contrast, DigitalCoinPrice forecasts steady growth in this decade, resulting in an average HNT price of $29.1 in 2030, with a maximum of $29.5. For its part, CryptoNewsZ predicts an average price of $55.5 with a maximum of $60. This prediction is comparable to the forecast by PricePrediction.
Summary
Helium is a technically-sound project with excellent perspectives. It develops communication infrastructure for the IoT, a hot topic in telecommunications. The rapid growth of the Helium network is an attestation of the project’s relevance and importance. The HNT token also experienced impressive growth in 2021. Unfortunately, the general crypto winter of 2022 hurt the HNT price. However, most price predictions picture an optimistic future for this digital asset.
FAQs
Is Helium (HNT) a good investment?
It likely is. True, the performance of this cryptocurrency was poor in 2022, but it resulted from a generalized bear market affecting practically all digital coins. In contrast, most price predictions indicate the HNT price will grow in the coming years. But it would be best to research this coin beyond price predictions before making an investment decision.
Will Helium go up?
Yes, most price predictions indicate the HNT price will go up in the coming years.
Where can I buy HNT?
Several crypto exchanges list HNT for trading. However, your best option is LetsExchange.io, where you can buy this token at competitive rates and without registration.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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