Blockchain

Helium Price Prediction: HNT Soars 13% As This World-First AR/VR Crypto Presale Charges Toward $6 Million

Join Our Telegram channel to stay up to date on breaking news coverage

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.

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.

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.

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.

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.

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.

Helium price

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.

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.

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.

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:

Smog (SMOG) – Meme Coin With Rewards

Smog tokenSmog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards – 42% APY
  • 10% OTC Discount – smogtoken.com

Smog tokenSmog token


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author

Comments are closed.

Please enter CoinGecko Free Api Key to get this plugin works.