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As one of the growing cryptocurrencies. Helium was the talk of the crypto streets for the whole of 2021 after one of the greatest gains it had. Dubbed the spectacle of the internet things(IoT) its aim is to make the communities better. One of the main goals of Helium(HNT) is to create a decentralized network that is cellular and that one can be able to touch.
Users are paid by Helium using its original token HNT to use the LoRaWan which is a cellular network that uses low power in a wide range of areas and the IoT devices can get linked to the web. They use hotspots so as to engage the cellular internet connections. Instead of using the links.
Helium was first started in 2013 but officially launched in 2019. Amir Haleem, Shawn Fanning, and Sean Carrey are the three co-founders of Helium. They are not new in the mainstream or the technology industry since Amir is the founder of Napster which is a music-sharing service and the first of its kind to be developed in the late 90s. Shawn and Carrey also worked in different companies before they founded Heliumand have a wide experience.
As stated earlier In 2021, It had one of the most successful years since it recorded a surge of close to 705%. Additionally, it had an increase in value of $52.71 the highest one to be ever recorded in the Helium coin.
In the USD chart, the coin started the month of February by having a massive gain of $30.86 and a 24-h trading volume of $39.25M.Following the news that Helium is in collaboration with X-Telia in Canada the prices shot up and in the days to follow the coin was only gaining.
However, the February uptrend did not last that long as the Helium token dropped to $20.75 by the 24 th of February 2022 this was during the start of the Ukraine-Russia war and there was tension experienced in the market over how the market has not been gaining.
HNT continued to lose in the next month. It showed wave-like processes in the midst of gaining and losing. As per the time of writing Helium is trading at $16.45 and trading at a volume of 24h of $17.19M.
At the start of the month of February, the Bollinger band was narrow and squeezed up together. showing low volatility but as the expert says it is that when there is low volatility it is preceded by high volatility.
The beginning of February, started on a low note since it started the month by losing but gained its pace and gained for a weak or so.
The MacD bars are starting to gain steadily but slowly. The RSI is at a neutral level since it has not crossed the 70 mark this means that as of now we are not certain whether the price will gain or lose.
As of the 28th of April, Helium is trading at $16.29 USD. Is trading at a volume of $20,359,156 USD in the last 24 hours. Additionally, helium is down 1.26%. However, it has had a high of $16.97 and a low of $15.95.
Technical Analysis
According to trading view, in the last 24 hours. The total overview summary indicates that 6 out of 26 indicate buy and it had a strong sell of 14 out of 26. On the moving average 1 out of 26 indicate buy and has a strong sell of 14 out of 26. However, the oscillators have a strong buy of 5 out of 26 and 1 out of 26 shows sell.
Finfluencers view on the Helium price prediction 2022?
According to the YouTube channel, the Art of marketing blog https://www.youtube.com/watch?v=cBVycXQgjZI that by the end of 2022 the market will have gained. At a price of $25-$30 and the market will be bullish in the long run. Moreover, those who also invest in Helium for a short period of time will also benefit.
YouTube crypto buzz https://www.youtube.com/watch?v=bmYHRVBKH24 says that Helium could possibly hit $30.17 by the end of the year. Additionally, it could hit $113.62 by the end of 2030.
Here are some of the reasons why you should invest in Helium?
Helium is in collaboration with communication companies hence there will be growth from the mutual partnership.
All of its data is encrypted meaning that Helium is secure to use and has privacy.
It has less or no competition in the crypto world.
It has a committed team to make sure that it propels to better places.
Helium is one of the largest 5G networks in the USA.
In conclusion, Helium is one of the growing cryptocurrencies. For the above reasons, it is good to invest in it for the long run or even for the short run. Whether or not to invest in Helium depend on whether you are risk-averse. Additionally, before investing in the coin first do your own research.