What is Helium (HNT) token? HNT crypto gains 2645% in 12 months

2 min read | January 05, 2022 05:57 AM AEDT | By Rupam Roy

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What is Helium (HNT) token? HNT crypto gains 2645% in 12 months — Image source: Lukas Gojda,Shutterstock

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Highlights

The Helium (HNT) token gained a whopping 2645% in the last 12 months.

The token price hit an all-time high of US$55.22 in November 2021.

It was trading flat at around US$40 on January 4.

The Helium (HNT) token has been gaining traction lately following its incredible run in 2021, gaining around 2645% in 12 months. On Tuesday morning, it was trading flat at US$40.12.

What is Helium (HNT) token?

Helium is a decentralized network powered by blockchain designed for Internet of Things (IoT) devices. It was launched in July 2019.

The Helium network’s mainnet enables low-powered wireless instruments or devices to communicate with one another while sending data across its network of nodes.

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Nodes came to existence in the form of traditionally named Hotspots. It is a combination of a wireless gateway and a blockchain mining device. Hence, users who operate the nodes are primarily mining and earning rewards in HNT, the native crypto token of Helium.

Helium’s primary aim is to develop IoT communication for the future by recognizing the insufficiency in the current infrastructure.

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Amir Haleem, Sean Carey, and Shawn Fanning started the firm in 2013.

HNT is a tradable token available on exchanges, like Binance, FTX, etc. Its circulation was over 105.45 million as of Jan 4, 2022, according to CoinMarketCap.com.

Also Read: Why Keep Network (KEEP) crypto jumped over 12% today?

Source: *Data provided by CoinMarketCap.com

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Pricing of Helium (HNT) token

The Helium token was priced at US$40.12 at 9:15 am ET on Tuesday, Jan 4, down 0.30%. Its market cap is US$4.23 billion, and its fully diluted market cap is US$8.94 billion. The coin's last 24-hour trading volume through Tuesday morning was US$34.82 million.

HNT saw the highest price of US$55.22 and the lowest price of US$1.18 in the last 52 weeks. It touched an all-time high of US$55.22 on Nov 12, 2021. The coin gained 2645.18% in 12 months.

Also Read: Why is Yearn.finance (YFI) token rising?

How did Helium (HNT) crypto gain over 2600% in 12 months?

Bottomline

The cryptocurrency market hit the global headlines in 2021 after its valuation skyrocketed, helped by gains in Bitcoin prices, which had briefly breached the US$65,000 mark. Investors, however, should closely evaluate the market before investing in digital assets.

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