Helium’s HNT token has gained almost 50% over the past week on news that two leading US telecommunication companies have initiated tests to transfer traffic to the Helium Mobile Network. According to a statement, the first carrier’s subscribers total 185,378, up from 5,122 since June 18.
This is the number of people connected to the Helium Network through hotspots. In that period, they also transferred 2,612 GB of data (messages, media, etc.) through the Helium Network.
Twenty-three hotspots serve the first carrier. There are 205 subscribers per hotspot daily, showing the utility of one hotspot.
Carrier Has Arrived 👀🥁
2 large US carriers have initiated tests to offload their traffic onto the @Helium MOBILE Network, and the results are lighting up the charts!
Decentralized networks are here to support existing telcos, and the big players are in. Let's go! 🔥 pic.twitter.com/h2qIEkRGML
— Helium🎈 (@helium) August 9, 2024
During the carrier offload beta period, subscribers from several other carriers can transfer data through Helium Mobile Hotspots. One hundred twenty-two thousand four hundred eighty-two customers of the second carrier connected to Helium, moving 1,686 GB in total. Sixty-three hotspots serve the second carrier, with 96 daily users per hotspot.
In related news, the Helium Foundation has opened Proxy Voting registration. Users of the network can now nominate themselves as a proxy voter, giving other wallets the option to assign their voting power to them.
According to an August 12th announcement, interested network users must add an entry with the necessary files. The entry includes the nominee’s name, image, description, detailed biography, and the networks they choose to participate in the proxies.json file.
Proxy Voting Update – Registration is Now Open
HIP 110—Proxy Voting has passed, and now Helium Network users have the opportunity to nominate themselves as proxy voter, allowing other wallets to assign their voting power to them. 🗳️
To get started, please review the… pic.twitter.com/mhpyS119EE
— Helium Foundation 🎈 (@HeliumFndn) August 12, 2024
Moreover, nominees must place all the assets and files required in a folder under the proxies’ directory so voters can find and select them.
Helium price prediction
HNT continues gathering momentum, with an increase of almost 12% in the last 24 hours, as per CoinGecko. Helium Mobile surpassed 100,000 subscribers earlier this month. The trading volume of HNT is $24,854,721 in the last 24 hours, representing a 50% increase from yesterday. Helium is currently trading for $6.80.
According to technical indicators, HNT is a strong buy at press time. HNT has formed a golden cross with a 50-day EMA at 4.798 and a 200-day EMA at 4.655. A golden cross is a strong, bullish sign. The relative strength index is still neutral at 65.731, but if it reaches 70, the asset will become overbought, and the bullish trend might reverse.
HNT has broken past the first and second Fibonacci resistance levels. The next resistance level to watch is 7.687.
