Smaller cryptocurrencies are attracting more attention from investors, while larger well-known cryptocurrencies are taking a break after significant increases. One of the lesser-known altcoins is making a lot of noise: Helium Mobile (MOBILE) is up about 1,000% over the past seven days.
Leading the cryptocurrency market’s dynamic trend toward smaller-cap cryptocurrencies is Helium Mobile, whose price has risen 32% to $0.0072 over the past day. The altcoin’s trading volume has increased by almost 200% to $20 million, mirroring its recent spike. The market valuation of the currency is 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 due to the strong relationship between the two.
MOBILE Token Rises With Helium Expansion
The issuance and launch of the MOBILE token took place on August 12, 2022. However, it did not start trading on public exchanges until 2023, when its starting price was approximately $0.0002821. Until the first week of December, the MOBILE token traded in a similar range.
Helium’s recent introduction of its competitively priced $20 per month 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 integration of blockchain technology into Helium Mobile’s service is a distinguishing feature that gives users the opportunity to receive ‘mapping prizes’.
According to data on the platform, there are currently more than 363,000 Helium hotspots worldwide, and as the price of HNT tokens grows, this trend may continue.
About 34,000 users have downloaded the app and opted to chart, but have not yet subscribed to Helium’s services, compared to 8,000 who have already done so. It is remarkable to reach these remarkable figures within a few days for a new application.
Source: HeliumGeek
Helium Mobile Surge Defies Crypto Downturn
Helium Mobile and its mapping service won thousands of new customers as a result of the explosive price increase of MOBILE this month, it has increased by more than 2,000%. According to data portal Helium geekmore than 6,700 wallets received MOBILE prizes on Sunday – more than twice as many as a week earlier.
Helium Mobile’s value is simply outperforming most of its competitors, despite the overall decline in the cryptocurrency market.
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