Binance and Helium Have Good Information for HNT Holders – AMBCrypto Information

Helium, the decentralized wireless network has seen a few dark days in the past. To date, the price of the token continues to struggle below the $5 mark. But investors can be happy to know that some changes could dampen momentum.

Helium has experienced a massive uproar regarding Social Media Engagement and Mentions. Over the past month, Helium’s community engagement has grown by 231.9%. And his social mentions have seen a 171.6% increase.

Sentiment surrounding the token has been very volatile as can be seen from the image below. However, positive sentiment for helium has strengthened over the past few days.

The weighted sentiment metric was 3,854 at the time of writing. It indicated a positive outlook for HNT.

However, the crypto community could see a change of heart in the near future.

Source: Santiment

Furthermore, it can be observed that Helium holders have benefited from the recent surge in the token’s positive sentiment.

The circulating market cap of Helium is up +11.60% over the past week. The coin has also expanded its presence across the crypto market. Notably, its market cap dominance grew by 8.82% over the past seven days.

Source: Messari

However, there are a few factors that traders should consider when considering going long the HNT token.

The volume of helium is declining. It has lost 73.51% in value over the past week. Helium has also shown high volatility as can be seen in the chart below.

This spike in volatility suggests that the future of the token remains uncertain.

Source: Messari

That being said, it’s important to note that Binance’s fiasco hasn’t halted Helium’s technological advances. On 20 announced its new phone, which will soon be available to consumers.

It remains to be seen whether the new developments in Helium will affect the price of HNT. HNT was trading at $4.60 at press time, up 8.83% over the past week.

That is, on September 20th binance, a leading crypto exchange by market cap, announced for which it will resume transactions helium Withdrawals and Deposits.

With HNT’s now resumed transactions, could the tide turn in Helium’s favor? Well, only time can give a perfect answer.


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