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Helium Price Prediction 2024: HNT Pumps Thanks to DePIN Links

Last Updated April 2, 2024 5:48 AM
Peter Henn
Last Updated April 2, 2024 5:48 AM

Key Takeaways

  • The HNT token migrated from the old Helium blockchain to Solana in 2023. 
  • It enjoyed success in late 2023, but it slumped in 2024 before rallying. 
  • HNT’s links to DePIN may have sparked interest.
  • One Helium price prediction says HNT can reach $65.65 in 2025. 

The Helium cryptocurrency is a rare beast – a coin that became a token. The old Helium blockchain became moribund in 2023 when HNT migrated to the Solana (SOL) blockchain.

Since then, market events – such as the United States Securities and Exchange Commission (SEC) suing the Binance and Coinbase exchanges – have prevented HNT from using the migration as a launchpad, although it managed to rally later on last year. 

However, it experienced a downturn in 2024. There was, however, a recovery as interest in decentralized physical infrastructure (DePIN) saw it move up from a low and, on April 30, HNT was worth about $5.60.

Helium did not immediately respond to a request for comment.

But what is Helium (HNT)? How does Helium work? Let’s see what we can find out, and also take a look at some of the Helium  Price Predictions that were being made as of April 30, 2024.

Helium Price Prediction

Let’s examine some of the Helium price predictions being made on April 30, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $12.12 $13.66 $41.07
Prediction #2 $7.02 $65.65 $164.12
Prediction #3 $6.94 $10.28 $66.56

First, CoinCodex  had a Helium price prediction that saw it climb to $7.76 by April 30 before rocketing to $19.53 by May 30. The site’s technical analysis was bullish, with 24 indicators sending positive signals and just eight making bearish ones. 

Helium Price Prediction for 2024

DigitalCoinPrice  said that Helium would be worth $12.48 this year. CaptainAltCoin  had HNT climb to $7.02 in December. PricePrediction.net  said that the crypto would trade at $6.94 in 2024. 

Helium Price Prediction for 2025

Moving on, DigitalCoinPrice’s Helium price forecast said it would trade at $14.06 in 2025. CaptainAltCoin said HNT would get to $65.65 that year. PricePrediction.net thought it would reach $10.28 next year.

Helium Price Prediction for 2030

Looking at a more long-term Helium price prediction, DigitalCoinPrice said it would reach $41.07 in 2030. CaptainAltCoin had it hit $164.12 that year. PricePrediction.net’s HNT price prediction said it would be worth $77.61 at the start of the next decade.

Google BardAI Price Prediction for Helium (as of April 30)

Google’s BardAI platform gave the following price prediction for Helium on April 30. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short-Term (Next 6 Months):

  • Possible Range: $3.09 – $10.32
  • Reasons for Potential Increase:
    • Helium’s ongoing network expansion and growing hotspot adoption could drive demand for HNT.
    • Increased use of the Helium network for Internet of Things (IoT) devices and the rise of the Helium ecosystem with new applications could lead to price appreciation.
    • Broader positive sentiment in the cryptocurrency market could also lift HNT’s price.
  • Reasons for Potential Decrease:
    • Regulatory crackdowns on cryptocurrency or the Helium network itself could negatively impact the price.
    • A general downturn in the cryptocurrency market could cause HNT to fall along with other digital assets.

Medium-Term (Next 1-2 Years):

  • Possible Range: $6.34 – $20.26
  • Reasons for Potential Increase:
    • Continued network growth and adoption are likely to solidify Helium’s position in the IoT space.
    • Potential partnerships with major corporations or integration with established IoT platforms could significantly boost demand.
    • Advancements in the Helium network, such as the upcoming Helium 5G rollout, could bring further value and user base expansion.
  • Reasons for Potential Decrease:
    • Failure to gain significant traction in the competitive IoT market could hinder price growth.
    • Technological advancements from competing blockchain projects focusing on IoT could pose a threat.

Long-Term (5+ Years):

  • Possible Range: $46.54 – $85.81
  • Reasons for Potential Increase:
    • Widespread adoption of Helium for various IoT applications could lead to significant token demand and price appreciation.
    • Integration with smart cities and large-scale infrastructure projects could further drive Helium’s value.
    • Helium’s potential role in the future of decentralized wireless networks could significantly impact its long-term price trajectory.
  • Reasons for Potential Decrease:
    • The long-term success of Helium heavily relies on its ability to maintain a robust and secure network, facing potential technical challenges.
    • Regulatory hurdles or a shift in the technological landscape of IoT could limit Helium’s long-term growth.

It’s important to remember that cryptocurrency price predictions are inherently speculative and can be influenced by various unforeseen events.

Recent Updates from Helium

The most notable thing involving HNT recently has been its price surge, which has seen it gain nearly 65% in just five days. However, there have been other things involving Helium in 2024.

For instance, on March 29, a proposal to ban gaming on Helium’s MOBILE network failed  to pass. Although it received 59.52% votes in favor, this was below the 67% passing threshold.

Back in January, Helium announced  that it was working with telecommunications service provider Telefónica and Helium’s founder Nova Labs to install mobile hotspots in Mexico.

Nova Labs CEO and Helium co-founder Amir Haleem said: “We are excited to partner with Telefonica to integrate our Helium Mobile Hotspot technology and expand coverage for their customers. Alongside Telefónica, Nova Labs has solved one of the main challenges for telecommunications and pioneered a solution that supports secure data offload that can be implemented globally. This is a major advancement for the telco industry and will significantly reduce infrastructure cost while maintaining high quality service”.

HNT Price History

Now, let’s examine some of the highlights and lowlights of the Helium price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Helium price prediction.

HNT first came onto the open market in July 2019, when it was worth about $0.27. On June 10 the following year, it fell to an all-time low of $0.2534 before breaking past $1 for the first time in August 2020. 

Early 2021 saw HNT flourish in a booming crypto market. It climbed past $15 in April and May before dropping over the summer. HNT recovered in the autumn to hit an all-time high of $55.22 on November 12 before dropping to close the year at $37.86.

HNT struggled in 2022. A series of market crashes saw it lose more than 95% of its value and it closed the year at $1.53. 

Helium in 2023 and 2024

Helium Price History
Helium has corrected after a drop | Credit: CoinMarketCap

2023 ended up being a pretty good year for HNT. A buoyant market saw it break past $3 in January and February. The platform migrated to Solana in April, but that could not stop the token dropping to $1.18 on June 28. Since then, HNT has rallied and declined hitting a high of $2.30 on August 4 and a low of $1.34 on September 11. It rallied over the next few months and closed the year at $6.94, representing an annual rise of more than 350%.

By January 25 2024, Helium was worth about $6.80. It went on a downturn over the following few months, reaching a low of $3.42 on April 25 before recovering to about $5.60 on April 30.  

At that time, there were 160.8 million HNT in circulation, representing the total supply. This gave the crypto a market cap of about $902 million, making it the 85th-largest crypto by that metric. 

Is Helium a Good Investment?

It is hard to say. HNT has not responded as well to the move to Solana as it could have done. On the other hand, it is a long-serving platform with a fairly active community. 

As ever with crypto, you will need to make sure you do your research before deciding whether or not to invest in HNT.

Will Helium go up or down?

No one can tell right now. While the Helium crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Helium?

Before you decide whether or not to invest in Helium, you will have to do your research, not only on HNT but on other coins and tokens such as IOTA (MIOTA) and VeChain (VET). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Helium (HNT) Explained

Helium  is a platform designed to work with the Internet of Things (IoT). This means that it can connect with devices that have internet connection but are not, in effect, computers. The HNT crypto supports the network.

How Helium Works

Helium aims to create a “people’s network” by using shared internet hotspots. 

The platform employs a proof-of-coverage (PoC) algorithmic mechanism to verify the authenticity and positions of hotspots. When a user acquires a Helium hotspot, they join the People’s Network.

HNT rewards people who provide internet connectivity. It also pays users who validate wireless coverage and who monitor the system’s activity. People can also buy, sell, and trade it on exchanges.

Because Helium is now part of the Solana blockchain, it is no longer accurate to refer to such things as Helium coin price predictions. 

Who are the Founders of Helium?

Game designer Amir Haleem, Napster founder Shawn Fanning, and developer Sean Carey founded Helium in 2013. However, the Helium blockchain and the HNT crypto did not come online until 2019. 

Who Owns the Most Helium?

On April 30 2024, one wallet held more than 3% of the supply of Helium.

Richest HNT Wallet Addresses

As of April 1, 2024, the five wallets with the most HNT were

  • 6Jj8cjKe3veGe8gPAGmBAA2wHfcGrj2jY8ueKv1boY6C. This wallet held 7,632,975 HNT, or 3.42% of the supply.
  • CpyoYpaEZc8DvmkNWNZWfkQDFvGAvHp5mhtEhwGQhkTk. This wallet held 5,772,963 HNT, or 2.59% of the supply.
  • 9HucyJokt4fXXoiW4LbWuDNM1XGwiTAguK94cGAtMuCL. This wallet held 4,329,166 HNT, or 1.94% of the supply.
  • 3N1vc1HgKKSiERefvA1sGuZGCenyqVJs9dV7NGe7dZxL. This wallet held 3,961,335 HNT, or 1.78% of the supply.
  • 6NcdLPvcfMXUSfKnTFr6jrcmGvxzn7vvPfrUL87mtPmi. This wallet held 3,595,536 HNT, or 1.61% of the supply.

Fact Box

Supply and Distribution Figures
Maximum supply (as of April 30, 2024) 223,000,000
Circulating supply (as of April 30, 2024) 160,875,442 (72.14% of total supply)
Holder distribution Top 10 holders owned 17.83% of total supply, as of April 30, 2024.

Helium Attention Tracker

Helium HNT Google Search Volume
Helium HNT Google search volume | Credit: Google

Here is a chart for Helium HNT’s Google search volume for the past 90 days. This represents how many times the term “Helium HNT” has been Googled over the previous 90 days.

FAQs 

How many Helium are there?

On April 30, 2024, there were there were 160.8 million HNT in circulation, representing the total supply.

Will Helium reach $100?

It might, but not for a while. CaptainAltCoin says it can get there by 2030, while DigitalCoinPrice says it break past $100 in 2033. PricePrediction is somewhere in the middle, forecasting HNT to reach three figures in 2032.

Keep in mind that Helium has never traded at $100.

What is Helium used for?

HNT rewards people who help operate the Helium network. People can also buy, sell, and trade it on exchanges.

Disclaimer 

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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