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Coinspeaker HNT Token Surges Over 48% as Helium Hits 100K Mobile Subscribers HNT, the native token of Helium Network, has recorded an impressive surge of over 48% in seven days. This surge was driven by a recent milestone achieved by Helium Mobile, an innovative wireless phone service powered by the decentralized blockchain. The smartphone service reached 100,000 subscribers for the first time since its launch in December 2023. This milestone propelled HNT to new heights, positioning the token as one of the top-performing digital assets in the past week, even surpassing Bitcoin (BTC) and Ethereum (ETH). Market Performance According to data from CoinGecko, HNT’s market value reached $5.21 on Monday morning, with nearly a 10% increase in the past 24 hours and a 48.2% increase over the week. The token’s market capitalization also saw a 9.8% increase over the past day, reaching $846 million. Despite being the leading crypto asset in the industry, Bitcoin saw a modest performance of 8.2% in the last seven days and only a 1.11% increase in a single day. Ethereum had a similar performance to BTC, with approximately a 5% gain over the same period. HNT’s attractiveness lies in its underlying blockchain technology. The decentralized protocol is designed specifically for the Internet of Things (IoT). Unlike traditional networks, Helium operates through a decentralized system of small devices known as hotspots. These hotspots serve as network nodes, enabling devices to communicate and share data while rewarding hotspot owners with HNT tokens for their contribution to network coverage and connectivity verification. 100k Milestone Achievement Last year, the protocol expanded its offering by introducing its mobile business into the market. Currently, the Helium Mobile service contributes up to 90% of the network’s total revenue. The mobile arm of the blockchain provides a wireless service that does not rely…

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Filed under: News - @ July 23, 2024 2:12 am