As expected, the user count on this metric is higher with nearly 300,000 users from several carriers using only 39 hotspots. With the average phone plan price in the United States becoming more expensive, a new alternative, albeit small and somewhat in the works like Helium Mobile remains an attractive deal for the average Joe. This translates to an increased use of the network which correlates with an uptick in data credit (DC) burning.
According to the latest market data, HNT rocketed up by 31% in the past 24 hours representing a strong flip from bearish to bullish. Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Helium’s recent performance can be attributed to a strong investor base, built over the years by constant innovation that was only overrun by market anxiety since the market’s correction phase.
With the market’s current jitters, HNT bulls face market volatility coupled with strong market anxiety. But with the similar phenomenon happening within equity markets, we might see a return to bullish attitude in the next few weeks. Investors and traders should exercise caution, keeping an eye on the performance of the broader crypto market before making a move.
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