Can HNT crypto explode in 2021 after hitting ATH? Know price prediction

October 28, 2021 09:51 PM AEDT | By Raza Naqvi

Can HNT crypto explode in 2021 after hitting ATH? Know price prediction — Image source: © Jirsak | Megapixl.com

Why is Helium (HNT) crypto soaring?

The surge in the price of the HNT token after giant internet services provider DISH announced that it is partnering with Helium to build a wireless network powered by users.

Dish aims to build a next-generation 5G network to become a leader in the wireless industry. The company is partnering with Helium as it is a decentralized internet network and has more than 250,000 hotspots.

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The deal would mark the first collaboration between DISH and Helium, and the internet service giant is reportedly looking to hire a Blockchain Product and Digital Currency lead.

HNT crypto and its price prediction

Helium's network allows users to connect devices to the internet using LoRaWAN. A protocol that was developed to connect battery operated things to the internet.

HNT is the native token mined by the network's hotspots. Helium network could attract more crypto enthusiasts in future as it claims that it has 3.5 million additional hotspots back-ordered, and several manufacturers are waiting for approval to build Helium-compatible software.

Bottom line

At the time of writing, the one-day volume of HNT crypto had jumped 6.4 per cent to US$ 88.7 million. The market cap surged by 10 per cent to US$ 2.6 billion.

HNT crypto is in a strong bullish momentum, and it has reached record levels. In the last 14 days, the cryptocurrency surged by 32.4 per cent, and the latest DISH backing could prove vital for the Helium Net.

If the Helium crypto remains in a bullish momentum for the remainder of this year and attracts new investors, HNT crypto could reach new highs in future.

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