HNT, Helium ecosystem's native token, has surged 21% over the last two days as Helium Mobile's subscriber count continues to grow.
HNT Price Surge
Data from Cointelegraph Markets Pro and TradingView shows that HNT price rose from $7.5 on Sept. 5 to an intraday high of $8.35, levels last seen on March 14, 2024. This latest rally places HNT at the top spot among the biggest gainers in the top 100 cryptocurrencies by market value.
Helium Mobile Subscriber Growth
Helium Mobile has reinforced its position in the telecommunication sector, meeting several milestones. The number of Helium Mobile subscribers exceeded 100,000 in early August and stood at 112,709 as of Sept. 4. This represents a 300-fold increase in one year. The number of hotspots worldwide has also grown from 11 in September 2023 to 18,355 at the time of publication. Helium Mobile network usage has also grown in the last 30 days, with daily total usage reaching 3,033 on Sept. 5.
Future Price Prospects for HNT
From a technical point of view, HNT is trading within an ascending parallel channel, suggesting the continuation of the uptrend. The token’s price is above all major moving averages, indicating robust support. Bulls will aim to push the price above the middle boundary of the channel at $8.50. If the price remains within the channel, it could reach the chart pattern target of $10.50.
In conclusion, the upward trend in HNT prices is fueled by the expansion of the Helium Mobile ecosystem. However, any investment decisions should be made based on thorough research.
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