Home Crypto Analysis Price Predictions Helium Price Prediction 2023: What is Helium (HNT)?

Helium Price Prediction 2023: What is Helium (HNT)?

Peter Henn
Published November 2, 2023 10:06 AM
Giuseppe Ciccomascolo
Verified by Giuseppe Ciccomascolo
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Key Takeaways

  • The HNT token migrated from the old Helium blockchain to Solana earlier this year. 
  • The crypto has not managed to cash in on the move, with it largely operating in a range.
  • Can it make a breakthrough?
  • One Helium price prediction says HNT can reach $17.90 in two years. 

The Helium cryptocurrency is a rare beast – a coin that became a token. The old Helium blockchain became moribund earlier this year 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. 

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 November 2, 2023.

Helium Price Prediction

Let’s examine some of the Helium price predictions being made on November 2, 2023. 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.

2023 2025 2030
Prediction #1 $2.98 $5.23 $15.09
Prediction #2 $1.39 $17.90 $44.74
Prediction #3 $2.01 $4.54 $29.67

First, CoinCodex  had a Helium price prediction that saw it fall to $1.38 by November 7 before recovering to $1.64 by December 2. The site’s technical analysis was, however, extremely bearish, with 28 indicators sending downbeat signals and none making bullish ones. 

Helium Price Prediction for 2023

DigitalCoinPrice  said that Helium would be worth $2.98 this year. CaptainAltCoin  had HNT fall to $1.39 next month. PricePrediction.net  said that the crypto would trade at $2.01 in 2023. 

Helium Price Prediction for 2025

Moving on, DigitalCoinPrice’s Helium price forecast said it would trade at $5.23 in 2025. CaptainAltCoin said HNT would get to $17.90 that year. PricePrediction.net thought it would reach $4.54 in two years.

Helium Price Prediction for 2030

Looking at a more long-term Helium price prediction, DigitalCoinPrice said it would reach $15.09 in 2030. CaptainAltCoin had it hit $44.74 that year. PricePrediction.net’s HNT price prediction said it would be worth $29.67 at the start of the next decade. 

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

Helium price history
Helium is back where it started in 2023 | Credit: CoinMarketCap

So far, 2023 has been a fairly unimpressive 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. On November 2, 2023, Helium was worth about $1.50.

At that time, there were 143.9 million HNT in circulation out of a total supply of 223 million. This gave the crypto a market cap of $212 million, making it the 143rd-largest crypto by that metric. 

Helium Price Analysis

Helium has pretty much operated in a band between $1.20 and $2.30 for the last few months. Its current price is up around 25% from its June low but down by about 35% from its August high. The token is, however, down slightly since the start of the year. 

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. 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. 

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. 


How many Helium are there?

On November 2 2023, there were 143.9 million HNT in circulation out of a total supply of 223 million.

Will Helium reach $10?

It might, but not for a while. CaptainAltCoin says it can get there by 2025, while PricePrediction.net has it reaching double figures in 2028 and DigitalCoinPrice says it can get there in 2029.

Keep in mind that Helium has not traded at $10 since May 2022.

What is Helium used for?

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

Further reading

Polygon Price Prediction 2023: What is Polygon (MATIC)?

Status Price Prediction 2023: What is Status (SNT)?

UMA Price Prediction 2023: What is UMA?


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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