Helium Price Prediction: HNT Pumps Another 24% On Big Announcement, But The Smart Money Is On This Bitcoin Halving Play That Might 10X

ByEvans Karanja

Updated: 08 December 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Helium price has experienced a 22% increase in the last 24 hours to trade at $5.33 as of 7:45 a.m. EST, as its trading volume jumped 40% to $31.58 million.

The surge comes as Helium announced the introduction of a new cost-effective cell phone plan on its network, now accessible to individuals in the United States.

📶 Leveraging the #Helium Network, @helium_mobile launches a nationwide phone plan for $20/month.📱 https://t.co/s5sA3X2w38

— Helium🎈 (@helium) December 5, 2023

The Helium Price Encounters Rejection On The Year High At $5.95

The Helium price surge hit a 13-month peak at $5.95, followed by a correction to $5.0. Nevertheless, it continues to maintain its position at a year-high level.

Helium Price Chart Analysis. Source: Tradingview.com — HNTUSD Chart Analysis. Source: Tradingview.com

The HNT price shows a dynamic recovery, evident in the joining of buyers at the $1.36 support level, ultimately leading to a decisive breakthrough past the $2.31 resistance, reaching $3.06.

Despite a short retracement, the bulls have exhibited resilience, indicating a strong, sustained bullish trajectory reaching $5.95.

The HNT price has surpassed the 200-day and 50-day Simple Moving Averages, reinforcing confidence in the bullish outlook, with these moving averages serving as immediate support levels.

The golden cross at $1.49 emphasizes the prevailing bullish dominance, as the Relative Strength Index (RSI) remains bullish at 89, above the overbought region of 70, indicating sustained momentum and buying pressure.

The overall sentiment is bullish, targeting a high of $7.25 as the next significant resistance, representing a potential 35% upside from the current price.

However, bears may continue the corrective phase, taking control and prompting a drop toward the $4.25 support zone. A breach below this level would have the bulls retreat to $3.50 support.

If you missed the earlier surge in HNT price, consider that there’s a lot of smart money being placed on the presale of Bitcoin-halving Play BTCMTX, which some say has the potential for a 10X return on investment.

BTCMTX Presale Hits $5 Million Mark

Bitcoin Minetrix (BTCMTX) presale has successively raised $5 million as the presale enters stage 12, closing on the targeted $5.8 million.

Investors can acquire BTCMTX tokens now at a discounted rate of $0.0121 per token. However, it’s crucial to act quickly, as the token price is set to increase in less than five days with the progression of the presale to its next stage. Ultimately, the presale will conclude when the price reaches $0.0129.

#BitcoinMinetrix Stage 12 has now begun! ⛏️

What's the most common misconception about #Cryptocurrency that you encounter? pic.twitter.com/sWHYbtczQB

— Bitcoinminetrix (@bitcoinminetrix) December 7, 2023

Bitcoin Minetrix offers innovative alternatives to traditional cloud mining, prioritizing increased transparency and reducing financial risk for its users.

Bitcoin Minetrix’s roadmap lays out ambitious objectives, commencing with listings on cryptocurrency exchanges and initiating a comprehensive multimedia marketing campaign.

#BitcoinMinetrix is paving the way for a fresh approach to cloud mining, integrating stakeholding and cloud mining.

By prioritizing transparency, independence, and safety, #BitcoinMinetrix pioneers tokenized cloud mining, providing a reliable path for $BTC mining. 🌐⚒️ pic.twitter.com/Itz9l8vO89

— Bitcoinminetrix (@bitcoinminetrix) December 6, 2023

The concept of earning money passively without active involvement has long been linked to Bitcoin. Initially, crypto miners could obtain substantial rewards by mining substantial quantities. However, profits diminished over time, and market pressures marginalized smaller investors.

Earn Passive Income, Rewards, Win In $30,000 Minedrop Airdrop

BTCMTX holds various benefits, including the potential for post-launch price gains and participation in a $30,000 minedrop giveaway. Ten lucky participants stand a chance to each win $3,000 worth of BTCMTX. 21,652 entries have already been made, with about 207 days left to end the airdrop.

You can earn passive income by staking your BTCMTX tokens, offering a 120% annual percentage yield (APY), which will gradually decrease as more individuals engage. Currently, over 346 million tokens have already been staked.

Jacob Bury, a YouTuber and crypto enthusiast boasting over 26,000 subscribers, has identified BTCMTX as a “New 10x Potential Presale,” highlighting how it would help many investors mine Bitcoin with ease. Jacob has also participated in the presale and continues to drum up support for BTCMTX.

To buy BTCMTX tokens early, go to the official BTCMTX website. Connect your Web3 wallet and exchange ETH, BNB, USDT, or MATIC for BTCMTX. You can also buy tokens directly with a bank card.