Helium Price Pumps 20%, Analyst Explains Bullish Outlook on HNT

Wednesday, July 17, 2024 11:07 AM

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Helium Price Pumps 20%, Analyst Explains Bullish Outlook on HNT cover

Helium’s HNT has experienced a 20% surge, reaching over $4.4, making it the second-best performing altcoin globally after WLD. Analyst ‘Agonybeard’ on Twitter is bullish on HNT due to its leading position in the DePIN narrative, clear crypto and token use case, and being one of the few Solana-based tokens that funds are comfortable buying. With a circulating supply of 75% and a market cap of $650 million, there is potential for HNT to reach multibillion-dollar levels. Agonybeard also highlights Helium’s product-market fit with its mobile phone plan and 5G network, which has seen a doubling of subscribers since late February, indicating growing adoption. Despite being over 92% below its all-time high, the analyst suggests a promising chart and a long road to recovery for HNT.

Source: captainaltcoin.com

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