- Impact of HIP130 and HIP131 proposals
- Helium network partnerships and testing
- Technical analysis and forecasts
Helium, one of Solana's largest decentralized networks, saw significant growth in August, outperforming many other altcoins in the market.
Impact of HIP130 and HIP131 proposals
Helium (HNT) increased by over 51% in the last 30 days, reaching an intraday high of $7.33. The price rise is connected to the community's support of HIP130 and HIP131 proposals, which allow for the setup of compatible Wi-Fi access points for operators like Helium Mobile. HIP130 was supported by 96.62% of votes, and HIP131 by 99.37%.
Helium network partnerships and testing
Helium also gained attention by starting network trials with two major US telecom companies. Over 500,000 users are participating, which could help operators reduce costs and improve coverage by offloading some traffic to Helium's network. Presently, the Helium network includes around 20,680 active hotspots and deploys its IoT solution across 357,359 locations.
Technical analysis and forecasts
Technical analysis of HNT reveals strong bullish momentum, highlighted by the golden cross of 50-day and 200-day moving averages. The rise in open interest by 65% and positive dynamics on platforms like CoinGecko and CoinMarketCap also support the current growth. The formation of a 'cup and handle' pattern adds to the optimistic outlook for further growth.
The community's decision on HIP130 and HIP131 proposals, along with successful trials with major telecom companies, potentially form a solid foundation for further growth of Helium. The combination of technical analysis and network expansion could contribute to strengthening HNT's market position.
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