Helium (HNT) Surges By Almost 6% In 24 Hours, Now Trading At $5.5
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Key Points
- Helium (HNT) surged by almost 6% in the past 24 hours, and the coin is now trading at $5.5.
- HNT also managed to see significant gains during the past week as well, up to 33% on CoinMarketCap.
Helium (HNT) surged by about 6% in the past 24 hours on CoinMarketCap, and the token HNT is now trading at around $5.5, according to our data.
The total market cap of HNT is approximately $891.4 million.
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A few hours ago, the team behind the Helium project addressed the fact that the Helium community participated in a social contest, submitting photos of their sensor setups running on the Helium IoT Network.
In a post on X, the team shared the fact that the Foundation shortlisted the top 4 submissions based on their stories and eligibility.
Vote for the most novel IoT sensor setup.
The@helium community participated in a social contest and submitted photos of their sensor setups running on the Helium IOT Network! The Foundation team has shortlisted the top 4 submissions based on their stories and eligibility.…
— Helium
(@helium) April 29, 2024
Last week, on April 25, the Helium COO Scott Sigel spoke with Blockworks and addressed DePin and the ways in which the Helium community is able to solve real connectivity problems.
What is Helium (HNT)
Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. The Helium mainnet was launched back in July 2019, and it allows low-powered wireless devices to communicate with each other and send data across the network of nodes.
The network’s nodes are called Hotspots, and they are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes are basically mining and earning rewards in Helium’s native token, HNT.
According to the team behind the project, the goal of Helium is to prepare IoT communication for the future and to identify inadequacies in the current infrastructure.
Helium’s three co-founders are Amir Haleem, Shawn Fanning, and Sean Carey. They started the company back in 2013.
The current Helium team now includes members who the company says have experience in radio and hardware, manufacturing, distributed systems, peer-to-peer, and blockchain technologies.
