Helium (HNT) Reaches Market Cap of $298.35 Million

Helium (HNT) traded down 1.5% against the dollar during the twenty-four hour period ending at 23:00 PM ET on November 20th. Helium has a total market cap of $298.35 million and $2.38 million worth of Helium was traded on exchanges in the last 24 hours. One Helium coin can now be bought for $2.07 or 0.00005530 BTC on major cryptocurrency exchanges. During the last week, Helium has traded up 7.1% against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 1.7% higher against the dollar and now trades at $0.37 or 0.00000984 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 6.2% lower against the dollar and now trades at $0.0008 or 0.00000002 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Lego Coin (LEGO) traded 0% higher against the dollar and now trades at $0.0049 or 0.00000013 BTC.
• Belrium (BEL) traded flat against the dollar and now trades at $2.51 or 0.00009565 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.

About Helium

Helium (HNT) uses the hashing algorithm. It launched on August 1st, 2019. Helium’s total supply is 223,000,000 coins and its circulating supply is 143,934,821 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 message board for Helium is chat.helium.com. The official website for Helium is www.helium.com.

According to CryptoCompare, “Helium Hotspot is a wireless network that provides coverage for low power IoT devices and allows anyone to earn the cryptocurrency Helium (HNT) by building a wireless network in their city. The algorithm used by Helium, called “Proof-of-Coverage” (PoC), verifies the location of Hotspots to ensure that they are where they claim to be. There is no pre-mining of HNT, and the maximum supply of HNT is 223 million. HNT is mined by compatible Hotspots, and the supply is halved every two years. Hotspot owners receive a higher proportion of HNT in the early days of the network to incentivize building and securing coverage, but as the network grows, Hotspots earn more for transferring device data while Helium Inc. and investors earn less. After 20 years, the distribution of HNT remains fixed.”

Buying and Selling Helium

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

HNT/USD price chart by TradingView