Categories: CryptoNews

Helium Price Up 17%, Partnership With Dish Keeps Investors Excited

Helium price is up 17% today setting a new all time high @ $35.21. Since testing support @ $27 two days ago, HNT has been on an upwards trajectory setting new all time highs every day. Let’s check out Helium and see what all the hype is about.

What Is Helium?

Launched in July 2019, Helium is a decentralized blockchain-powered network for the Internet of Things.

The Helium Network allows for wireless devices to communicate with one another across their network of nodes and participate in what they call “The People’s Network.” Check out this awesome YouTube video from Helium to find out more:

In other words, it’s a network of long-range wireless hotspots. These “hotspots” are a combination of a wireless gateway and a blockchain mining device, allowing node operators to earn a reward.

Why Is Helium Price Rising?

Last week, Dish announced a partnership with Helium to Leverage the Helium Network’s Blockchain Model using CBRS Spectrum. Dish said:

Related Post

“DISH will be the first major carrier to utilize the Helium Network’s unique blockchain-based incentive model with customers deploying their own 5G CBRS-based hotspots.”

If you aren’t familiar with CBRS-based hotspots, those are essentially private 5G wireless networks. Dish customers will be able to provide / strengthen their 5G coverage by using CBRS spectrum and in return get compensated with $HNT.

Helium Price

In response to this announcement, Helium’s price has been on a major bull run as investors gain confidence in the project.

At the time of writing Helium’s market cap is $3.16B earning it 52nd place. It seems the excitement from last week’s announcement is not quite over yet.

Follow us on twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Originally Published on The VR Soldier

Paul Brabus

Paul Brabus is a crypto journalist and enthusiast. He loves reading and writing about all things crypto.

Published by
Paul Brabus

Recent Posts

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on…

13 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

18 hours ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

19 hours ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

21 hours ago

Top 5 Meme Coins to Watch for Short Term Profit

With all the meme coins coming out, if you're looking to make short term profit…

2 days ago

Helium Price Up 11%, Is HNT Ready for a Breakout?

Helium price is up 11.81% today, making it the third biggest gainer on, following…

2 days ago

This website uses cookies.