December 8, 2022

Helium, the decentralized wireless network has seen some dark days in the past. To this date, the price of the token is still struggling under the $5 mark. But investors can be happy to know that some changes may dampen the momentum.

Helium has seen massive sensation On the one hand Share and tag social media. In the past month, Helium’s social engagement grew by 231.9%. Her social signals saw a rise of 171.6%.

Sentiment around the icon has been very volatile, as evidenced by the image below. However, in the past few days, there has been an increase in positive feelings towards helium.

The weighted sentiment scale, at the time of writing, stood at 3.854. He suggested a positive outlook for HNT.

However, the crypto community could change in the near future.

Source: Santiment

Moreover, it can be seen that helium holders benefited from the recent surge in positive sentiment for the token.

The market capitalization of helium traded has grown by +11.60% over the past week. The currency has also expanded its presence in the cryptocurrency market in general. Notably, its dominance over the market capitalization has grown by 8.82% over the past seven days.

Source: messari

However, there are some factors that traders should consider if they are considering buying on HNT tokens.

The volume of helium was declining. It has decreased in value by 73.51% over the past week. Helium also showed high volatility as can be seen in the chart below.

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

Source: messari

However, it is important to note that the failure of Binance did not stop Helium’s technological progress, on September 20, the network announce Its new phone which will be available to consumers soon.

It remains to be seen if Helium’s new developments will have an impact on the price of HNT. HNT, at the time of writing, is trading at $4.60 with a price increase of 8.83% in the past week.

However, on September 20, Binance, A leading crypto exchange by market capitalization, announce Transactions will be resumed for helium Withdrawals and deposits.

With HNT transactions now resuming, could the tides turn in favor of helium? Well, only time can give a perfect answer.

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