Helium Crypto: Worthy Investment Or Just Another Bubble?

Helium (HNT) is a blockchain and cryptocurrency designed to support the Internet of Things (IoT) devices. It is a decentralized wireless network built on blockchain technology that uses Helium LongFi hotspots to create a low-powered, wide-area network connecting IoT devices to the internet. The Helium network incentivizes participation through its native token, HNT. Miners earn HNT by verifying data and providing network coverage. The current price of Helium is $7.12 and it is the 46th-largest cryptocurrency by market cap, valued at about $3 billion. The HNT token has seen a rise in value recently, and some predictions suggest that it could cross $10 by the end of 2025 and reach $18.66 by the end of 2030.

The volatility of Helium crypto

Helium (HNT) is a blockchain-based network that connects Internet of Things (IoT) devices. It is one of the few cryptocurrencies that tap into the new sector of IoT. As of July 2024, Helium is one of the top-performing IoT-based networks in the market.

Helium is a volatile asset. In 2024, it experienced a downturn but recovered as interest in decentralized physical infrastructure (DePIN) saw it move up from a low. On July 23, 2024, HNT was worth about $5.15. As of September 2024, it is the 46th-largest cryptocurrency by market cap, clocking in at about $3 billion.

Helium's price predictions are largely positive, but it is important to remember that they often turn out to be inaccurate. Technical analysis suggests a potential increase for Helium in 2025. The minimum HNT price expected for 2025 is $10.88, while the maximum is $13.09. The average forecast suggests it may reach $12.11.

Helium's volatility is due to several factors, including the United States Securities and Exchange Commission (SEC) suing the Binance and Coinbase exchanges, and market sentiment, the flow of assets on exchanges, and the economy in general. The price of HNT is also affected by the demand for Data Credits and the number of people using the Helium blockchain.

Helium's consensus mechanism, known as Proof of Coverage, is responsible for distributing rewards to HNT holders and node operators. This mechanism is based on the HoneyBadger BFT protocol, which allows nodes in a network to reach a consensus when the connection quality is highly variable.

Helium's unique approach to the market has introduced a new concept called WHIP, an open-source and standards-compliant wireless network protocol. These networks operate as decentralized wireless networks (DWNs).

The Helium blockchain provides a decentralized ledger and smart contract capabilities to the platform, offering high throughput and security via the Helium Consensus Protocol. This protocol takes the Proof of Work (PoW) concept and improves upon it, with miners conducting network-necessary functions instead of random mathematical equations.

Helium's asset-tracking capabilities are another standout feature, easily tracking items leveraging a variety of technologies, including IoT, GPS, and more.

In conclusion, Helium is a volatile asset with a lot of potential. Its unique features, wide adoption, and growing prevalence of connected devices make it an attractive investment for risk-tolerant investors.

The benefits of Helium crypto

Helium (HNT) is a blockchain and cryptocurrency designed to support Internet of Things (IoT) devices. It enables users to secure rewards by providing connectivity or verifying data. Here are some of the benefits of investing in Helium crypto:

• Decentralization and Security: Helium mining embraces the principles of decentralization, ensuring that no single entity has control over the network. This decentralized approach enhances network security and resilience, making it less susceptible to cyber-attacks.
• Community Engagement: Helium mining fosters a sense of community among miners and IoT enthusiasts. It provides an opportunity to engage with like-minded individuals, share experiences, and stay updated with the latest developments in the helium ecosystem.
• Environmental Friendliness: Unlike traditional mining, helium mining is relatively energy-efficient. The low-power requirements of helium miners make them environmentally friendly.
• Passive Income: Helium mining allows individuals to earn passive income by setting up and running a helium miner. As the miner validates and relays data, individuals are rewarded with helium tokens (HNT), which can be converted into other cryptocurrencies or fiat currencies.
• Scalability: Helium was designed to address scalability issues that previous blockchains faced. It can support high transaction throughput, processing one block every 70 seconds, with each block holding around 140 transactions.
• Low-Powered Wireless Device Communication: Helium supports low-powered wireless device communication, enabling almost any smart device to send data securely across Helium nodes.
• Open-Source: The entire Helium system is open-source, allowing users to review the source code and get a firm understanding of every process. Open-source projects are considered better investments because the community can vet the code.

The drawbacks of Helium crypto

While there are several benefits to investing in Helium crypto, there are also some drawbacks and risks to consider.

Firstly, Helium crypto is highly volatile. While it has seen impressive gains, it is also susceptible to significant price drops. For instance, it was up over 500% during a year but simultaneously experienced a more than 50% drop from its 52-week high. This volatility makes it a risky investment, particularly for those who are not risk-tolerant.

Secondly, there is a risk that internet service providers (ISPs) may prohibit their customers from using Helium hotspots. This is because reselling their bandwidth could violate the terms of service for these customers. If Helium becomes widely adopted, ISPs could potentially crack down on users who are capitalising on their bandwidth, taking a piece of their pie.

Thirdly, the HNT token, which is the main crypto and utility token of the Helium network, migrated from the old Helium blockchain to the Solana blockchain in 2023. This move did not result in the expected boost for HNT, and it has struggled to gain momentum since.

Finally, there are environmental concerns associated with crypto mining in general, and these apply to Helium crypto as well. Crypto mining often involves high energy usage and a large carbon footprint, contributing to climate change and global warming.

In conclusion, while Helium crypto offers several advantages, investors should carefully consider these drawbacks and conduct thorough research before deciding to invest in this cryptocurrency.

The future of Helium crypto

Helium is a blockchain-based wireless network that connects people and devices, particularly those underserved by traditional telecom companies. It uses LongFi hotspots to create a low-powered, wide-area network that can connect IoT devices to the internet over distances of up to 10 miles. This provides a more energy-efficient and cost-effective alternative to traditional cellular or WiFi connections. The Helium network also prioritises decentralisation, providing secure and censorship-resistant data storage.

The native token of the Helium network is HNT, which acts as an incentive for participation. Miners earn HNT by verifying data and providing network coverage, and it can also be used to access premium features in the Helium app. The HNT token has seen recent gains in value, and price predictions suggest continued growth in the long term. By 2025, the token is expected to reach a maximum price of $8.72, and by 2030, it could trade at a maximum of $18.66.

The Helium network has also seen notable adoption, with partners including DISH Network and the city of San Jose, California, using it to expand internet access to all residents. This real-world use case and growing adoption could further drive up demand for the HNT token.

However, it is important to note that the crypto market is highly volatile, and there are risks associated with investing in cryptocurrencies. The future of Helium crypto will depend on continued adoption, regulatory changes, and competition from other blockchain and wireless network providers.

How to buy Helium crypto

Helium (HNT) is a custom-built blockchain and cryptocurrency designed to support Internet of Things (IoT) devices. It is available on several exchanges, including:

• Coinbase (US only)
• FTX Exchange (US only)
• Binance.US (US only)
• Uphold (not Germany or the Netherlands)
• KuCoin (not the US)
• WazirX (India)
• Gate.io (Australia and UK only)

To buy Helium, you will need a smartphone or computer, photo identification, and a means of payment. Here is a step-by-step guide to buying Helium:

• Compare crypto exchanges and choose one that offers Helium (HNT) and is available in your region.
• Create an account on your chosen exchange and verify your email address and identity.
• Make a deposit into your account using a debit card, credit card, wire transfer, or Bitcoin.
• Use your funds to buy HNT.

It is important to note that purchasing cryptocurrencies like Helium comes with risks and the value of your investment may decrease.

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