The total crypto market cap is up nearly 1%, reaching over $3.7 trillion in the last 24 hours. Although Bitcoin still commands a 56.2% market share, it’s struggling to keep pace with altcoins.
BTC has increased by 3.7% in the past week, but HNT
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, the token for the Decentralized Physical Infrastructure Network (DePIN) Helium, has surged by a massive 15% over the last trading day.
Following more than ten trading days of consistent declines, this revival has put Helium and HNT in the spotlight, attracting attention from both speculators and investors.
(Source)
The recent spike is attributed to a series of positive internal developments that further solidify Helium’s role in the DePIN space.
What is Helium Crypto?
Helium is building a decentralized wireless network for the Internet of Things (IoT) on Solana.
IoT devices can communicate on this platform, offering broader coverage than traditional WiFi providers. A major advantage of Helium is its decentralized approach, which ensures that communication is private and community-led, and free from corporate interests.
The Helium ecosystem relies on hotspots, which act as network nodes providing public wireless coverage to achieve this. These nodes are rewarded with HNT for their service.
HNT Price Explodes Thanks To Upgrades and Strategic Partnerships
According to trackers, Helium now has over 400,000 daily active users, many of whom utilize the platform’s carrier offload services.
@helium crossed 400k DAUs for carrier offload.
This is traffic coming from subscribers of several carriers in the US that automatically get connected when entering an area covered by hotspots pic.twitter.com/aRg96dVZ99— Mario Di Dio
(@didiomario) January 29, 2025
This solution allows subscribers of various mobile carriers in the United States to connect to Helium’s network of hotspots, enhancing network coverage and performance.
In the coming weeks, users can expect even better services.
Following the approval of HIP 138 in November 2024, Helium can now integrate with existing wireless networks in the United States.
Most importantly, this integration means guest users will enjoy increased coverage, while hotspot owners can earn HNT rewards without needing additional hardware from February 1.
Crucially, HIP 138 stopped the platform from emitting sub-network tokens, such as IOT and MOBILE. Instead, everything will be reverted to HNT, a decision set to boost token demand.
The recent passage of HIP-141 on January 29 also further paves the way for protocol improvements and decentralizes decision-making.
The team is now free to establish a clear roadmap for future upgrades and allows holders of veIOT and veMOBILE to convert their positions into HNT.
Beyond platform enhancements, Helium is expanding through partnerships, notably with DAWN, a platform aimed at decentralizing broadband services.
In a press release, DAWN said this collaboration will work towards creating a “decentralized last-mile internet.”
Big news! @helium_mobile & @dawninternet are teaming up to bridge mobile and broadband services like never before.
8,000 DAWN nodes will be added to the Helium Network, with even more rolling out in 2025.
Together, they’re building a telecom model that prioritizes… pic.twitter.com/GGmkpxrNjp
— Helium
Through this partnership, Helium will support DAWN’s broadband services and, in return, will receive 8,000 nodes.
DEPIN Is Back: Will HNT Price Rally in 2025?
With Helium improving and strategically striking key partnerships, it is clear that the HNT rally may just be starting.
It has found support at July 2024 lows and has been under pressure in recent days.
(HNTUSDT)
If bulls build on this momentum, HNT may spike to $5 and even $10 in the coming weeks.
However, before this, HNT must break above $5.5, a level which marks November 2024 lows.
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The post What’s Going on With Helium Crypto? HNT Price Explodes +15% – Is DePIN Meta Next? appeared first on 99Bitcoins.
