Analytics

HNT Price Prediction – Technical Analysis

Helium (HNT) is a blockchain-powered network for Internet of Things (IoT) devices.

The network is created by gateways who also double as miners on our network. These gateway operators can earn tokens based on coverage they provide as well as transaction fees gained from machines connecting to their gateway Helium is a new cryptocurrency. Hotspots earn for providing and validating wireless coverage and when devices on the network connect to the internet through Hotspots. HNT is mined and distributed to Hotspot Owners, Helium Inc, and investors. There is no pre-mine of Helium, and every month approximately 5,000,000 new Helium are minted. This has led to an increase in HNT price.

People – Powered Networks

Powered by the Helium Blockchain, The People’s Network represents a paradigm shift for decentralized wireless infrastructure. The People’s Network is the world’s fastest growing wireless network ever.

Mine

By deploying a simple device in your home or office, you can provide your city with miles of low-power network coverage for billions of devices and earn a new cryptocurrency, HNT.

No GPUs

Mining HNT with Hotspots is done via radio technology, not expensive or wasteful GPUs.

Build Networks

Hotspots work together to form a new global wireless network and undertake ‘Proof-of-Coverage’.

Choose your hardware

Hotspots are built by a variety of vendors to suit your needs.

Massive Decentralized Connectivity

Hundreds of companies and thousands of developers are already building on The People’s Network, the world’s largest, and fastest growing LoRaWAN network. Thousands of existing solutions, sensors, devices and gateways can be easily configured to run LongFi – a powerful blend of LoRaWAN and blockchain technologies.

Let us review HNT price

HNT Price Prediction

HNT is currently trading close to the support zone of $9.18. If it can stay above this support zone, we could start seeing a move towards $11.32, $12.67, $13.76, $14.85, $16.40 and $18.37. If the resistance of $18.37 breaks, we could start seeing a bigger move towards $24.08, $33.31 and $42.54. Failure to hold $9.18 could lead to a drop towards $7.00.

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Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

   

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