The post AI Predicts 118% Helium (HNT) Price Increase After Bitcoin Halving appeared on BitcoinEthereumNews.com.

Key highlights: Helium’s network is uniquely positioned to ride the waves of the upcoming Bitcoin halving swell. With over 750,000 hotspots providing global 5G coverage, HNT sits at the center of a rapidly growing decentralized wireless platform. CoinCodex AI analysis predicts HNT will surge 118% within a month of the halving, hitting $15 – outperforming forecasts for blue chips like Ethereum, XRP, Cardano, and Solana. Since its launch in early 2020, Helium has sought to build a decentralized wireless network that connects Internet of Things (IoT) devices around the world. Powered by the HNT token, the Helium Network allows individuals to deploy wireless hotspots that provide 5G connectivity in exchange for crypto rewards. As the largest LongFi network in operation today, Helium is bringing decentralized wireless coverage to towns and cities globally. Now, as Bitcoin edges towards its next halving event in April 2024, a price prediction algorithm developed by leading crypto data site CoinCodex has issued a bullish forecast for Helium. Analyzing HNT’s historical price performance and industry fundamentals, the AI predicts Helium’s native token will surge over 118% within one month of the Bitcoin reward reduction. Let’s take a deeper look at what could be fueling this astronomical growth target for HNT. The role of Bitcoin halvings Bitcoin undergoes a halving process roughly every four years, where the mining reward per block is cut precisely in half. This programmed deflationary mechanism has historically sent ripples through crypto markets. In the months preceding and following each halving, both Bitcoin and many major altcoins saw enormous rallies. The 2024 event will mark the next mining reward reduction, expected sometime in mid-April. Precisely one month after this scheduled event, in May 2024, the AI forecast places HNT at a peak price of $15.06 – representing a mammoth 118% surge from its current $6.91 value. Past…

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Filed under: News - @ December 28, 2023 2:26 pm