Helium Mobile, HNT tokens rally as market rebounds

Helium Mobile (MOBILE) and Helium (HNT) witnessed significant gains over the past day as the market saw a notable boost.

MOBILE is up by 227% in the past 24 hours and is trading at $0.003 at the time of writing. Following the rally, the asset has emerged as the top gainer among the top 300 cryptocurrencies, per data provided by CoinGecko.

HNT tokens rally as market rebounds - 1">

MOBILE price – Dec. 14 | Source: CoinGecko

You might also like: CFTC Chair clarifies crypto assets as commodities amid regulatory struggle

Helium Mobile’s market cap surged to $220 million, making it the 210th largest cryptocurrency at reporting time. The token’s daily trading volume surged from around $3.8 million to $15.7 million over the past day.

On Dec. 5, Nova Labs, the creator of the open-source Helium network, launched a nationwide data plan in the U.S. Per a crypto.news report, Nova Labs partnered with T-Mobile to launch a $20 per month unlimited phone plan.

MOBILE’s sister coin, HNT, also recorded a 26.3% surge in the past 24 hours and is currently trading at $5.99. HNT’s recent rally helped it gain the 77th spot among the top cryptocurrencies with an $850 million market cap.

The surge comes as the global crypto market sees a significant gain and Bitcoin (BTC) gets close to the $43,000 mark.

Helium’s price witnessed a 50% decline in mid-March after Binance and Binance.US decided to delist the asset.

Read more: Nasdaq repurposes crypto tech for wider financial service uses