Can Helium Reach The Sky? Investors Eyeing $10 Mark for HNT As Price Shoots Up 48% in A Week

The price of Helium ($HNT) has been steadily piling on a lot of value over the last year, making it a more profitable investment than market leader Bitcoin ($BTC) throughout 2024.

At its current price of $7.15, Helium’s native $HNT token is up 295% from its price this time last year. In the last 30 days, it has blown up 104% and in the last week alone it has ballooned 45%.

These figures are more impressive than the world’s favourite cryptocurrency. Bitcoin added 102% in the last 365 days, and is down over the last month and fortnight, with relatively meagre gains of 5% over the last week.

Helium’s $HNT: A Primer and Price Analysis

Helium is a blockchain network for Internet of Things (IoT) devices that incentivizes people to become network hosts and serve as hotspots to enable wireless devices to connect to the network. $HNT powers the network and serves as a payout whenever Hotspots transfer connection data. The model is essentially a blockchain-based solution to enhancing the global connectivity potential of IoT devices.

According to the price chart, Helium’s steady upward march has been largely unimpeded by last Monday’s crypto crash. The token has found solid support at $3, but clearly investors are eyeing new heights. However, the token is facing stiff resistance at $7.50, having had two price spikes up to $7.47 in the last 24 hours. A stable relative strength index (RSI) of 52 gives it some headroom to potentially break the ceiling this week.

As Helium Moons, Traders Hunt Down Mega Dice

Helium’s $HNT is looking like a great investment for those who want a slice of the future early.

Investors that enjoy its premise may want to diversify their holdings with another project that’s still only in presale. This time it’s over in crypto’s emergent GambleFi sector.

One such token, Mega Dice ($DICE), has raked in $1.7 million so far in its ongoing presale.

Mega Dice launched last year as the world’s first licensed crypto casino accessible through the popular messaging app Telegram and has since attracted 50,000 players.

Then others followed suit and launched iGaming bots on Telegram, most notably TG Casino.

If Sui Network is pioneering parallel transaction processing, then Mega Dice is leading the field in GambleFi.

Mega Dice’s new $DICE turbocharges the online casino’s services to a whole new level. As the platform’s native utility token, players can use $DICE to fund games and receive payment, with some games requiring it.

$DICE is also integrated into the casino’s loyalty program, offering more generous rewards and exclusive competitions and experiences to users. It’s the only GambleFi coin that distributes a share of profits to its users on a daily basis through its novel staking system.

The casino’s buyback and burn program reduces the supply, increasing scarcity and helping stabilize value better than the unpredictable price swings of meme coins like Pepe.

In sum, $DICE is on a roll. Given the multiple ways investors can put their DICE to work, it’s obvious why fans of Helium’s $HNT are stacking Mega Dice.

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Buy now on the Mega Dice website.

The post Can Helium Reach The Sky? Investors Eyeing $10 Mark for HNT As Price Shoots Up 48% in A Week appeared first on Cryptonews.