Helium’s token (HNT) faced a significant decline in its market capitalization in the last quarter of 2024. Despite this, Helium's network continues to expand and innovate.
Token Price Decline and Market Conditions
In the fourth quarter, the market capitalization of HNT fell by 20%, decreasing from $1.3 billion to $1.0 billion. The token's price dropped by 22%, from $7.54 to $5.88.
Helium Network Growth and Innovations
The Helium network continues to grow its hotspots and enhance functionality. The number of Helium Mobile hotspots rose 14% quarter-over-quarter. The introduction of the Discovery Mapping feature allows users to earn HNT. In emergencies, such as Hurricane Helene, Helium ensured stable network operations and support for those affected.
Helium's Past Controversies
Helium has been caught in several controversies. The founders were accused of hoarding a significant amount of tokens. Helium also faced allegations regarding false claims of partnerships with Lime and Salesforce.
Despite some challenges and market fluctuations, Helium is consistently showing growth and introducing new technological solutions. However, past controversies raise questions about the company's transparency and integrity.
