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28 March 2024
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Altcoin Project Targeting WiFi Revolution Outpaces Bitcoin and Crypto Markets, Soaring 82% in Seven Days


An altcoin project aiming to merge blockchain technology and wireless networks is in the midst of a rapid rise, far outperforming Bitcoin (BTC) and the altcoin markets at large.

Helium (HNT) shot from a low of $29.60 last Thursday to $54.05 in just seven days – a staggering 82% rally.

The token is now the 43rd-largest crypto asset on the market, with a $5 billion market cap.

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Helium aims to build a fully decentralized and global wireless network powered by open-source technology.

The platform is designed to allow people and organizations to operate WiFi hotspots and earn HNT as a reward for powering the network.

HNT’s rally comes as the platform completes its first on-chain governance vote, allowing owners of the crypto asset to play a role in shaping the project’s future.

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It also follows an announcement from DISH Network late last month detailing a new partnership with Helium.

The internet service giant says it will be the first major carrier to utilize Helium’s blockchain-based incentive model and allow customers to install their own 5G hotspots.

DISH Network is an early adopter of blockchain technology and first began accepting Bitcoin back in 2014.

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DISH also announced a partnership with IOHK, the company behind Cardano (ADA), in September.

The two organizations are exploring strategic ways to further leverage blockchain technology with wireless communications.

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