Helium Hits Market Capitalization of $382.72 Million (HNT)

Helium (HNT) traded 1.8% higher against the U.S. dollar during the one day period ending at 19:00 PM ET on January 25th. One Helium coin can now be bought for approximately $2.79 or 0.00012058 BTC on popular exchanges. In the last week, Helium has traded 9.2% lower against the U.S. dollar. Helium has a market cap of $382.72 million and approximately $3.57 million worth of Helium was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • Aidi Finance (BSC) (AIDI) traded 2.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 3.7% higher against the dollar and now trades at $0.0611 or 0.00000264 BTC.
  • CareCoin (CARES) traded 3.7% higher against the dollar and now trades at $0.0759 or 0.00000328 BTC.
  • OmniaVerse (OMNIA) traded 3.6% lower against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded up 3.7% against the dollar and now trades at $93.95 or 0.00406323 BTC.
  • Lunar (LNR) traded down 2.6% against the dollar and now trades at $0.0278 or 0.00000120 BTC.
  • Hokkaidu Inu (HOKK) traded 11.6% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 3.7% against the dollar and now trades at $6,594.55 or 0.28520853 BTC.
  • 2G Carbon Coin (2GCC) traded 0.3% higher against the dollar and now trades at $135.76 or 0.00587151 BTC.
  • Lego Coin (LEGO) traded 5.8% lower against the dollar and now trades at $0.0406 or 0.00000175 BTC.

Helium Profile

Helium uses the hashing algorithm. It was first traded on August 1st, 2019. Helium’s total supply is 223,000,000 coins and its circulating supply is 137,164,529 coins. Helium’s official Twitter account is @helium and its Facebook page is accessible here. The Reddit community for Helium is https://reddit.com/r/heliumnetwork and the currency’s Github account can be viewed here. The official website for Helium is www.helium.com. Helium’s official message board is chat.helium.com.

According to CryptoCompare, “With a Helium Hotspot, anyone can earn cryptocurrency by building a wireless network in their city and creating a more connected future. It provides wireless coverage for low power Internet of Things (IoT) devices and earns a new cryptocurrency, Helium, from the users' living room. HNT is mined and distributed to Hotspot Owners, Helium Inc., and Investors. Helium uses algorithm called “Proof-of-Coverage” (PoC) to verify that Hotspots are located where they claim (as established in the assert_location transaction when they are first deployed).There is no pre-mine of HNT, and a max supply of 223M HNT. HNT supply comes from mining with a compatible Hotspot that both mines HNT and creates network coverage for IoT devices.All HNT was mined from genesis, starting at a rate of 5M HNT/month and then halving every 2 years. On August 1st, 2021 the net HNT issuance will be reduced to 2.5M HNT per month. The distribution of HNT changes over time to align incentives with the needs of the network. In the early days, a higher proportion of HNT is allocated to Hotspot owners for building and securing coverage. As the network grows, Hotspots earn more for transferring device data on the network while Helium Inc. and investors earn less. After 20 years, distributions no longer adjust and remain fixed.”

Buying and Selling Helium

It is usually not presently possible to buy alternative cryptocurrencies such as Helium directly using US dollars. Investors seeking to trade Helium should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Helium using one of the aforementioned exchanges.

Receive News & Updates for Helium Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Helium and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.