Helium (HNT) Price Prediction 2023-2040
The economic downturn has led to growing interest in low-cost, reliable digital currencies. One solution that addresses these needs is blockchain technology. The development of this technology has been a gradual process, with the emergence of cryptocurrencies and the Helium blockchain being key milestones. So, what is Helium, and what Helium (HNT) price predictions do analysts and cryptocurrency experts share for 2023 and beyond? We'll discuss this in detail in this article.
What is Helium (HNT)?
Helium (HNT) is the official currency of the People's Network, a rapidly expanding wireless network.
Founded in 2013 by Shawn Funning, Amir Haleem and Sean Carey, the project's goal is to make connecting devices easier. A team of experts with backgrounds in radio, hardware, manufacturing, distributed systems and blockchain technology is working to develop the world's first peer-to-peer wireless network.
The Helium token (HNT) serves two main purposes in the Helium blockchain ecosystem: supporting the maintenance of Hotspot Hosts and paying network operators. To earn HNTs, users can install a simple device on their computer and provide miles of wireless network coverage for Helium LongFi to numerous devices. In return, they receive HNTs as a reward.
The Helium network enables low-powered wireless devices to communicate by transmitting data through nodes. It utilises a unique proof-of-work model called Proof-of-Coverage, which allows hotspots to consume only 5 watts of energy. Instead of using costly and energy-intensive GPUs, HNT tokens are mined using radio technology. The network operates at a low cost, with contracts costing just pennies per year. Additionally, the network is based on open-source technology and governed by an open alliance.
Since its launch, the Helium project has seen significant adoption as thousands of companies have built on the People's Network using various solutions, sensors, devices and gateways that can be easily configured to run LongFi, a combination of LoRaWAN and blockchain technologies. Recently, the project was updated to Console 2.0, a web-based tool for managing devices, which allows for registration, verification and management of devices on the Helium network.
Before discussing Helium (HNT) price predictions, let's look back at its history.
Amir Haleem, Sean Carey and Shawn Fanning developed the Helium network in 2013. The three shared the goal of creating the world's first peer-to-peer decentralised wireless network, the People's Network, to make it easier for devices to connect to the Internet. Without the application of blockchain technology, this task would have remained a mystery.
Helium is a remarkable example of a decentralised, blockchain-powered network for the Internet of Things (IoT) devices. On this platform, nodes are "hotspots" that combine a wireless gateway and a blockchain mining device. This allows users to mine while operating nodes and earn rewards from Helium's native cryptocurrency token, HNT.
Helium raised $38,800,000 in ICO.
According to the whitepaper, Helium offers a modern alternative to "current network solutions such as cellular, Wi-Fi and Bluetooth," stating that such technologies "are suboptimal: they are too expensive, too power-hungry or too limited in range".
Helium is described as a decentralised wireless network that allows devices worldwide to connect to the Internet and determine their location without consuming much power through satellite location hardware or incurring high cellular plan costs.
The Helium whitepaper presents the Helium Consensus Protocol as: "Satisfying the design requirements of being permissionless, decentralised, byzantine fault-tolerant, based on useful work, and with a very high-rate, censor-proof transaction mechanism."
The Helium Network is a revolutionary decentralised wireless network that allows devices to connect wirelessly to the Internet anywhere. This innovative network is built on open-source technology and powered by blockchain, enabling developers to create low-power, Internet-connected devices at a more affordable and efficient rate. With its unique proof-of-coverage consensus mechanism, users can earn rewards through the native HNT token for operating and maintaining hotspot nodes on the network. The Helium Network is revolutionising the Internet of Things (IoT) industry, making it easier and more cost-effective for devices to connect and communicate with each other.
The Helium Network offers several key advantages to its users. These include maintaining consensus even during failures, a decentralised structure that prevents censorship or manipulation of transactions, and cost-effective data transfer that becomes cheaper as more access points join the network. Additionally, the network uses end-to-end encryption to protect sensitive information, and the sensor technology helps to conserve battery life for IoT devices. Overall, Helium's blockchain technology is well-suited for building low-power, internet-connected devices at a faster and more affordable rate.
Helium (HNT) Price Analysis
When writing the Helium (HNT) price prediction on 29 January 2023, the cryptocurrency was $2.89, with a market capitalisation of $396,924,728 and a $3,171,929 daily trading volume. The current circulating supply of Helium is 137,178,080 HNT, with a maximum supply of 223,000,000. The experts have a very optimistic opinion of the Helium coin, claiming it has a brighter horizon.
Helium (HNT) price statistics (as of 29/01/23)
Daily trading volume
HNT price history
Let's now continue discussing Helium price predictions by casting our eyes over the HNT price history.
When the Helium token (HNT) was first made available to the public in July 2019, its value was approximately $0.27. However, it hit its lowest point at $0.2534 on 10 June 2020. But in August, the sentiment around the token changed, and it exceeded $1 for the first time.
In the first half of 2021, the price of HNT, the native cryptocurrency of the Helium network, experienced a significant increase, reaching a peak of over $15 in April and May. However, following this high, the market trend shifted, and HNT's price dropped. In November 2021, HNT reached its peak value due to positive developments such as Helium's partnership with the 5G carrier DISH and a strong overall market trend. However, the coin's value dropped later in the year due to market downturns caused by concerns surrounding the Omicron variant of COVID-19, ultimately closing the year at $37.86.
In 2022, the crypto market faced challenges, and the Helium Network Token (HNT) was no exception. Despite a strong start to the year, with a high of $45.06 on 5 January 2022 and positive news of a $200 million funding round in February, HNT's price dropped to $28.31 on 17 February 2022. Market turmoil caused by the de-pegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency further impacted HNT's price, causing it to drop to $6.59 on 12 May 2022. Despite some attempts at recovery, HNT's price remained largely unimpressive and fluctuated around $10 throughout the rest of the year.
The coin struggled to recover, although occasionally trading above $10 in the following months. The news of Binance delisting HNT further impacted the price, which reached $4.47 on 14 October 2022. The market downturn caused by the collapse of the FTX exchange hit HNT hard. Even positive news (such as Pershing Square CEO Bill Ackman's support) could not prevent a low of $1.59 on 20 December 2022 before a spike to $2.38 on 21 December 2022.
In 2022, the value of HNT faced a significant decline, despite positive developments such as a successful funding round. The delisting of HNT from Binance and the collapse of the FTX exchange further contributed to the coin's plummeting value, which saw a loss of more than 95% over the year. The trend continued into 2023, with the coin hitting a low of $1.49 on New Year's Day before showing signs of recovery to reach $1.82 on 6 January 2023. At that time, there were 136,571,136 HNT in circulation out of a total supply of 223 million, giving the coin a market cap of approximately $248.5 million and ranking it as the 95th largest cryptocurrency by market capitalisation.
HNT technical analysis
According to the current Helium (HNT) Price Prediction (as of 29/01/2022), the value of Helium is expected to decrease by -11.15% and reach $2.57 by 2 February 2023. Indicators show a neutral sentiment with a Fear & Greed Index of 52. Helium has had 19 out of 30 green days, with price volatility of 26.13% over the last 30 days.
According to data from 29 January 2023, the general sentiment for Helium's price prediction is neutral. Out of 28 technical analysis indicators, 15 are signalling bullish signals, while 13 are signalling bearish signals. Helium is trading below the 200-day simple moving average (SMA), signalling a SELL for the past 350 days. Similarly, the 50-day SMA is also indicating a SELL. The most recent Death Cross in the market occurred 339 days ago. Based on these indicators, it is estimated that Helium's 200-day SMA will drop in the next month and reach $3.84 by 27 February 2023, and the 50-day SMA is expected to hit $3.57 by the same date. Additionally, the Relative Strength Index (RSI) is currently at 62.54, indicating a neutral position in the market.
Is Helium coin a good investment?
Helium crypto may be considered a viable investment opportunity due to several factors. Its deflationary nature, with a limited supply of HNT and increasing demand for Helium products and services, adds to its value. Additionally, its decentralised and secure structure reduces the risk of hacking or fraud. The project's strong team of developers and advisers also increases its chances of success. Furthermore, Helium's long-term plans to launch new products and services could potentially lead to a significant increase in HNT value.
Helium (HNT) price prediction 2023-2040
Let's now take a look at some of the Helium price predictions as of 29 January 2023.
It is important to note that investing in Helium carries risk and uncertainty like any other cryptocurrency. However, Helium's unique features, such as its deflationary nature, security and strong development team, may make it an attractive investment option for some. Also, Helium has a long-term roadmap that includes plans to launch innovative products and services, potentially driving up the value of HNT.
However, conducting thorough research and considering your risk tolerance before making any investment decisions is crucial. It is worth mentioning that none of the information provided, including Helium price predictions, should be considered investment advice. It is always best to consult with a certified financial advisor before making any investment decisions.
WalletInvestor HNT token price prediction for 2023, 2025, 2030 and 2040
WalletInvestor's Helium (HNT) crypto price prediction is not as optimistic as others. The site predicts Helium may experience a significant decrease in value over the next year, potentially dropping to as low as $0.115 in January 2024. It is important to note that these predictions are subject to change and should be taken with a grain of salt.
PricePrediction Helium crypto price prediction for 2023, 2025, 2030 and 2040
According to PricePrediction's Helium (HNT) price prediction, the value of the Helium token is expected to increase in the coming years. They predict that the price of HNT will reach $2.35 in 2023, $3.35 in 2024, $4.73 in 2025, $6.80 in 2026, $9.98 in 2027, and finally, $15.07 in 2028. It's important to note that these predictions are subject to change and should not be taken as investment advice. The site suggested that Helium could close the decade at $22.54, while the site's helium price prediction for 2030 projected HNT to trade at around $32.12 before arguing that it could reach $48.51 in 2031.
CoinCodex HNT price prediction for 2023, 2025, 2030 and 2040
According to CoinCodex, Helium's value is projected to decrease by -2.21% and reach $2.88 on 3 February 2023. In the best-case scenario, the HNT price prediction for 2026 is $214.72. However, if Helium follows the growth of the Internet, the prediction for 2026 is $24.63. It is important to note that these predictions are subject to change and should not be taken as investment advice.
CaptainAltcoin Helium (HNT) price prediction for 2023, 2025, 2030 and 2040
According to CaptainAltcoin, the Helium crypto's price prediction for the next few years is relatively conservative. The site predicts that the value of HNT will increase gradually, with a predicted value of $1.85 in March 2023 and $2.90 in January 2024. However, in the long term, the predictions become more optimistic, with the site forecasting a significant rise in value, reaching $21.68 in 2025, $54.21 in 2030, and $108.41 in 2040. It's important to note that these are predictions and not guarantees of future performance.
Helium future forecast in general
Helium (HNT) is expected to have a strong performance in 2023 due to ongoing improvements in the Helium network. According to bullish predictions, the price of HNT could reach as high as $12.169 by the end of the year. However, bearish predictions suggest a lower price point of $1.47. Regardless, it is believed that with the continued development of the Helium ecosystem, the value of HNT may surpass its current all-time high of $54.88 and possibly reach $5 if investors see it as a good investment opportunity.
How high can the HNT coin go?
The Helium Network Token (HNT) is a relatively new cryptocurrency that has generated significant interest. It is used to power the Helium network, which is a decentralised wireless network that allows anyone to connect devices such as sensors and IoT devices. The network is already operational in many cities worldwide, and the Helium team has plans to expand its coverage further. As the network's adoption grows, so will the demand for HNT. Some analysts believe that HNT has the potential to become one of the top 10 cryptocurrencies by market capitalisation, with an average price of over $250 by 2030. While it is challenging to predict the future price of any cryptocurrency, HNT's strong fundamentals make it a potentially strong performer in the years to come.
HNT price prediction today
Based on technical analysis, the projected range for Helium (HNT) prices in 2023 is between $4.02 and $4.79, with an average projected price of around $4.13.