An altcoin project that aims to bring blockchain technology and wireless networks together is in a period of rapid growth and outperforms bitcoin (BTC) and altcoins in general.
Helium (HNT) rose from a low of $ 29.6 last Thursday to $ 54.05 in just seven days, up 82%. The token is currently the 43rd largest crypto asset on the market with a market cap of $ 5 billion.
Source: TradingView
Helium aims to build a fully decentralized and global wireless network based on open source technology.
The platform is designed to enable people and organizations to operate WiFi hotspots and earn HNT rewards for powering the network.
The HNT rally will take place when the platform completes its first on-chain governance vote, allowing token holders to help shape the future of the project.
The profits made by HNT also follow an announcement from DISH Network late last month describing a new partnership with Helium. The internet service giant says it will be the first major vendor to leverage Helium’s blockchain-based incentive model, allowing customers to install their own 5G hotspots.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page