Currently, some altcoins are seeing strong and consistent bullish sentiment among traders, and Helium is one of them. The latest market data shows that the token is up nearly 41% since last week. This surge is primarily driven by ongoing efforts to make the network robust and usable in everyday life. Its entry into the telecommunications industry is also playing a key role in maintaining this momentum.
Helium’s mobile division has been the driving force behind its impressive performance this week. On July 16, the Helium Mobile X account announced that the platform had reached 100,000 subscribers. This influx of users has generated significant interest across the Helium network. According to the company’s website, the company has deployed approximately 15,000 hotspots in the same period to coincide with the increase in subscriber numbers. Helium Mobile also has a carrier offload program, which, although in beta phase, is showing great promise, having already attracted over 190,192 offload subscribers.
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The carrier offload program allows non-Helium Mobile users to connect to hotspots that are part of the beta deployment. This initiative contributes to the development of the network by gradually introducing it to the general public. Currently, HNT is trading at $5.02. Even if the carrier offload program is discontinued, Helium Mobile’s aggressive pricing of $20 per month will remain competitive for the average consumer, integrating more users into the Helium ecosystem.
Despite the current bullish trend, market analysts predict that HNT’s price surge may eventually lose momentum and fall. Long-term holders may see this surge as an opportunity to sell, pushing the token down to the support line at $4.465. This scenario will pose a challenge for the bulls; they will have to decide whether to hold on or ride the bearish wave. If HNT falls to the $4.465 line and the bulls defend this level, the token could hit a ceiling of $8. However, if the bears win in the coming days, the token could plummet to $3 or even $2.
Still, market volatility could see the stock reach the $8 mark if the company is lucky. Helium’s continued innovation in the communications space is expected to boost investor confidence and help it weather the uncertainties ahead.
