Helium Reaches Market Cap of $988.43 Million (HNT)

Helium (HNT) traded 2.2% higher against the US dollar during the 1-day period ending at 7:00 AM Eastern on May 23rd. Helium has a total market cap of $988.43 million and approximately $15.28 million worth of Helium was traded on exchanges in the last day. In the last week, Helium has traded down 6.1% against the US dollar. One Helium coin can currently be purchased for $8.36 or 0.00027462 BTC on popular cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

  • Avalanche (AVAX) traded up 7.3% against the dollar and now trades at $32.26 or 0.00105968 BTC.
  • Cronos (CRO) traded 4.2% higher against the dollar and now trades at $0.20 or 0.00000658 BTC.
  • NEAR Protocol (NEAR) traded 2% higher against the dollar and now trades at $6.41 or 0.00021066 BTC.
  • Algorand (ALGO) traded up 2.3% against the dollar and now trades at $0.45 or 0.00001476 BTC.
  • Hedera (HBAR) traded up 2.6% against the dollar and now trades at $0.11 or 0.00000349 BTC.
  • Elrond (EGLD) traded 1.7% higher against the dollar and now trades at $93.48 or 0.00307100 BTC.
  • Kava (KAVA) traded up 1.3% against the dollar and now trades at $2.80 or 0.00009208 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Theta Fuel (TFUEL) traded 3.1% higher against the dollar and now trades at $0.0705 or 0.00000231 BTC.
  • Ardor (ARDR) traded 2.9% higher against the dollar and now trades at $0.12 or 0.00000403 BTC.

Helium Profile

Helium (CRYPTO:HNT) uses the hashing algorithm. Its launch date was November 14th, 2018. Helium’s total supply is 223,000,000 coins and its circulating supply is 118,236,191 coins. The Reddit community for Helium is /r/heliumchain and the currency’s Github account can be viewed here. Helium’s official Twitter account is @HeliumChain and its Facebook page is accessible here. Helium’s official website is heliumchain.org.

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. “

Helium Coin Trading

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

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