Helium Mobile has seen a surge in its native tokens, MOBILE and HNT, as well as its IoT-focused IOT token.
This upsurge is coincides with the launch of Helium Mobile’s affordable $20 monthly smartphone plan, offering unlimited services. Leveraging T-Mobile’s 5G network, this plan is part of Helium’s nationwide U.S. rollout and has attracted significant attention due to its impact on the cryptocurrency market.
Helium Token Surge
Helium’s MOBILE token, integral to its decentralized mobile network operations, has experienced remarkable growth. Within a single day, its value soared by 60%, and over the past week, it surged an astounding 821%, currently standing at $0.00672791 according to recent CoinGecko data.
Simultaneously, Helium’s native cryptocurrency, HNT, saw a 2.4% increase, trading at $7.39. Additionally, the network’s IoT-focused IOT token surged by 11% in the last 24 hours.
Helium Mobile’s Expansion Strategy
CEO Amir Haleem highlighted the substantial growth in subscriber numbers, reaching 12,500, attributed to the introduction of the $20 monthly smartphone plan under Helium Mobile’s U.S. expansion strategy, utilizing T-Mobile’s 5G infrastructure.
Helium’s momentum has been further bolstered by the demand for the Solana Saga smartphone, which includes a complimentary 30-day Helium Mobile subscription and a BONK token airdrop. However, despite this integration, Solana and BONK have reflected the broader crypto market downturn, with Solana trading at approximately $70, marking a 1.6% decrease, and BONK falling by 2.9%.
Impact on Cryptocurrency Landscape
The impressive performance of Helium’s tokens amidst its U.S. expansion and product releases underscores the interconnectivity and dynamism of the cryptocurrency market. This trend has attracted the attention of both investors and industry observers who closely monitor these developments for their potential broader implications within the digital currency landscape.
Helium’s strategic moves in launching affordable plans, leveraging partnerships, and integrating with tech products. Solana Saga have significantly influenced its token performance, serving as a noteworthy case study in the evolving crypto market dynamics.