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The Helium price soared 13% in the past 24 hours to trade for $5.141 as of 01:41 a.m. EST on trading volume that surged over 160%.
With the surge, HNT has featured on the daily top gainer’s list, alongside GTAI, NVIR, GLM, and CAW.
🔥 Top 5 gainers today
1. #CAW +45%
2. #GLM +19%
3. #NVIR +19%
4. #HNT +14%
5. #GTAI +13%View the complete list here: https://t.co/hI3ZsqAzby $CAW $GLM $NVIR $HNT $GTAI pic.twitter.com/QgrO4rp5Sq
— Coinranking.com (@coinranking) April 29, 2024
According to some, this surge for the decentralized blockchain-powered network for Internet of Things (IoT) devices is ascribed to a reawakening among altcoins, citing capital rotation from the BTC market.
#ALTCOINS and #BITCOIN are making a comeback. Use Cryptolume's advanced #cryptoscreener to catch quick opportunities#BTC #ETH #HNT #KAS #THETA #LDO #AR #CRO #XMR #CKB #ICP #USDT #DAI #USDC #FDUSD #TRX #FTM #MKR #BGB #BNB pic.twitter.com/OlJkqFF27Z
— Marko Omcryptokus (@omcikusmarko) April 29, 2024
If this is true, it would be unsurprising given altcoins tend to rally from the renewed optimism in the market following the BTC halving. For BTC, however, the impact tends to be long term, felt around 518 days after the event, according to Rekt Capital, a crypto analyst on X.
If history repeats…
Next Bull Market peak may occur 518-546 days after the Halving
That's mid-September or mid-October 2025$BTC #Bitcoin #BitcoinHalving pic.twitter.com/2pZVFYmnJX
— Rekt Capital (@rektcapital) April 24, 2024
Nevertheless, the surge comes after a remark by the Helium Foundation’s COO about DePIN that indicated how the Helium community is out in the world solving real connectivity problems.
DePIN projects, short for Decentralized Physical Infrastructure, have gained momentum on the Solana chain. This is as blockchain technology actively continues to incentivize community building in the real world.
.@heliumfndn's COO @ScottSigel spoke with @_bessieLiu @blockworks_ about DePIN and how the @helium community is out in the world solving real connectivity problems.
🗞️Read in the news: https://t.co/Ypt4VK2jKG https://t.co/FlXiTpVY6j
— Helium🎈 (@helium) April 25, 2024
With the Helium price leading the Solana sector in the past 24 hours, the HNT token is in the spotlight. Presently, it has validated its support at $3.420 and is progressing towards the next target of $7.320 with significant volume. Whether this climb is sustainable or not is contingent on whether BTC stays bullish.
RootData: HNT led the Solana sector in the past 24 hours, and BRAWL ranked second in terms of growth#SOL #BRAWL #HNThttps://t.co/W8oNN1wRRA
— CryptoDrifer (@0xDrifter) April 29, 2024
More specifically, the surge in the Helium price can be attributed to several key factors. For starters, there has been a significant surge in demand for decentralized connectivity.
The popularity of the Helium Mobile is on the rise, pushing its price up. This trend is likely to continue as more industries get on board with blockchain-based solutions.
Helium Price Prediction As HNT Benefits From The Play of Supply and Demand
The Helium price is on a recovery rally after bottoming out at $3.420, following a fall of nearly 70% from the peak of the market range at $11.221. At current prices, the Helium price looks primed for an extended move north.
Evidence of this is shown by the yellow spikes on the volume profile (right), which signifies many bulls are waiting to interact with HNT once the price moves an ounce north to its Sunday peak of $5.620. If this happens, the Helium price could continue north, provided buying pressure increases to overpower seller momentum from the bears waiting to sell around the $6.000 psychological level.
The volume nodes also show that there is a significant herd of HNT bulls waiting to buy the token once the price moves above the 50% Fibonacci placeholder at $7.320. The ensuing buyer momentum above this level could send the altcoin further north, potentially as high as to reclaim its peak at $11.221. Such a move would denote a climb of nearly 125% above current levels.
Besides the volume profiles, two other significant technical indicators suggest a further upside potential for the Helium price. To begin with, the Relative Strength Index (RSI) is climbing, signifying rising momentum. If the bulls can hold it above the mean level of 50, it would reinvigorate the upside potential for the altcoin.
Also, the Awesome Oscillator (AO) indicator is climbing, and records a steady streak of green histograms that are edging toward positive territory. This suggests a growing bullish sentiment.
TradingView: HNT/USDT 1-day chart
Converse Case
On the other hand, if the bears recover the market, encouraged by early profit taking, the Helium price could drop. A candlestick close below the $4.000 psychological level would encourage more sell orders, negating the bullish thesis in the process.
Meanwhile, 5SCAPE, a world-first AR/VR crypto presale, is also making headlines alongside HNT, as it charges toward the $6 million mark in sales.
Promising Alternative To Helium
The 5th Scape AR/VR ecosystem allows the Web3 sector to step into tomorrow by unleashing the next wave of gaming innovation in the VR sector. Powered by the 5SCAPE token, 5th Scape is the industry’s first AR and VR ecosystem designed to connect the smartest minds.
🚀🌐 Meta announces the expansion of its Horizon OS to third-party hardware, meaning it's opening up to ASUS, Lenovo, and Microsoft!
This move aims to provide more options for consumers and create a larger ecosystem for developers in the mixed-reality space. Horizon OS features… pic.twitter.com/3VANaxkq0d
— 5th Scape (@5th_scape) April 25, 2024
The platform intends to become the architect of alternative realities by creating an integrated system complete with hardware and software. It also has a developer center to give builders access to the right resources to bring their worlds to life and unleash a new wave of gaming innovation. You can become an early adopter in this budding ecosystem with the presale still active.
🚀 5th Scape Presale Stage 5 is Now Live! 🚀
🔥 Dive into the virtual frontier with 5SCAPE – the gateway to limitless experiences. 🌐
🎮 Hyper-Realistic VR Gaming
🌟 Unlock Premium Content#Cryptocurency#5thScape pic.twitter.com/EFIJ4MgIs4— 5th Scape (@5th_scape) April 12, 2024
Token holders enjoy a hyper-realistic game world of virtual reality that provides a diverse array of gaming experiences. The wealth of offerings range from adrenaline-pumping battles to precision archery, high-speed racing, and immersive sports.
The early scenes of cage conquest are here. Come take a look. 👊🏼🎮#cageconquest #5thScape #vrgaming #VR #gamelaunch pic.twitter.com/QbFrLyWPOM
— 5th Scape (@5th_scape) April 17, 2024
So far, presale sales have reached upwards of $5.67 million out of a target objective of $6.25 million. Each 5SCAPE token is selling for $0.00327, but a 15% price increase is coming soon.
Visit and buy 5SCAPE on the official website here.
Also Read:
- How To Buy 5th Scape – 5SCAPE Token Presale Review
- 5th Scape Unlocks Unmatched VR Adventures With Token Presale – Why Investors Shouldn’t Miss the Opportunity
- 5th Scape Brings A Hyper-Realistic World of Virtual Reality to Web3
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now!
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