Helium Price
(HNT)
USD($)
Helium (HNT) Live Price Chart
Overview
About
Analysis
FAQ
Helium Live Price Data
The live price of Helium is $6.76, with a total trading volume of $ 836,588 in the last 24 hours. The price of Helium changed by +0.47% in the past day, and its USD value has decreased by -21.72% over the last week. With a circulating supply of 175,165,534 HNT, the market cap of Helium is currently 1.21B USD, marking a --% increase today. Helium currently ranks #64 in market cap.
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Note: This data is for reference only.
Helium(HNT) Profile
Rank64
BBBExpand 
Website
Documentation
Explorer
Contract
- Solana hntyVP6Y...Wux
Audited By
- --
Code & Community
Investors
- a16z (Andreessen Horowitz)
- Alameda Research
- Pantera Capital
- Multicoin Capital
- Union Square Ventures
- FTX Ventures
- Tiger Global
- Ribbit Capital
- Khosla Ventures
- Slow Ventures
$6.67
$7.51
- ATH
- $55.2
- Price Change (1h)
- -1.29%
- Price Change (24h)
- +0.47%
- Price Change (7d)
- -21.72%
- Market Cap
- $1.21B
- 24h Volume
- $836,588
- Circulating Supply
- 175,165,534
- Max Supply
- 223,000,000
About HNT
How can I buy Helium (HNT)?
Buying HNT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Helium (HNT) for more information. What Is Helium (HNT) Crypto?
Helium (HNT) Crypto, also known as The People's Network, represents a significant innovation in decentralized wireless infrastructure. Powered by blockchain technology, Helium allows users to deploy devices, known as Hotspots, to provide network coverage and earn HNT cryptocurrency as a reward. This decentralized approach enables widespread network coverage at a reduced cost compared to traditional wireless infrastructure, benefiting telecom businesses and individual users alike.
The Helium Network operates on a unique model where participants can build coverage by deploying compatible Hotspots, earning HNT tokens in return. This model not only enhances network accessibility but also fosters a community-driven approach to network expansion. The Helium Hotspots are instrumental in enabling this decentralized network, providing secure and affordable wireless connectivity.
The HNT cryptocurrency is a pivotal element of the Helium ecosystem, with a maximum supply of 223 million tokens. These tokens are distributed among Hotspot operators, the company, and investors, functioning as the primary incentive mechanism within the network.
Moreover, Helium's recent decision to transition to the Solana blockchain and its partnership with T-Mobile for a $20/month unlimited phone plan in the U.S. has been crucial in driving the network's expansion and the HNT value.
How Does Helium Network Work?
The Helium blockchain represents a paradigm shift in decentralized wireless networks, empowering network participants to contribute actively. By installing compatible Hotspots, users extend The People’s Network coverage, an innovative approach driven by Helium's unique protocol. The network conducts Random Proof-of-Coverage tests, a critical mechanism ensuring network integrity and rewarding active participants with HNT cryptocurrency.
Helium Hotspots
Hotspots play a dual role in the Helium ecosystem. Besides participating in Proof-of-Coverage, they facilitate data transfer across the network, earning HNT crypto proportional to the data volume they handle. This model incentivizes coverage expansion and enhances the network's capacity, directly impacting the HNT price and Helium IoT price.
Data Credits (DCs)
A critical aspect of the Helium blockchain is the use of Data Credits (DCs). Devices connecting to The People’s Network expend DCs for internet data transmission, maintaining network equilibrium. These DCs are generated by 'burning' HNT, a process pivotal in regulating the Helium coin supply. This token-burning mechanism aligns with the network's growth, reflecting in the Helium coin price and the broader Helium crypto market.
Transition to Solana, Partnership with T-Mobile
The Helium blockchain has recently undergone significant updates, including the transition to the Solana blockchain and a partnership with T-Mobile for an innovative data plan. These developments have impacted the HNT value, Helium spot price, and the overall Helium token price, making the Helium cryptocurrency a focal point in the IoT and blockchain sectors.
Innovation in IoT
For local businesses, deploying a Helium Hotspot not only offers a potential revenue stream in HNT tokens but also drives innovation in IoT applications. The People's Network is at the forefront of enabling hardware and software solutions that leverage decentralized wireless infrastructure, a key factor influencing the Helium network tokens market.
History of Helium Network and HNT Coin
Founded in 2013 by Amir Haleem, Shawn Fanning, and Sean Carey, Helium has established itself as a pioneering force in decentralized wireless technology. With backgrounds ranging from eSports and game development (Haleem) to creating the revolutionary music-sharing platform Napster (Fanning) and experience in developer roles, including at an advertising optimization firm acquired by PayPal (Carey), the team brought diverse expertise to the table.
The significant milestone in Helium's journey was the mainnet launch in July 2019, followed by the first city-wide network deployment in Austin, Texas, a month later. This set the stage for rapid expansion, with the network reaching San Francisco and New York by the end of 2019.
The Helium network, dedicated to fostering innovation in the Internet of Things (IoT) sector, has made most of its components, such as the blockchain, LongFi wireless protocol, and various hardware and software elements, open-source. This approach has been instrumental in driving widespread adoption and development.
Recent advancements in Helium's journey include a substantial $200 million investment in February 2022 from Andreessen Horowitz and Tiger Capital, adding to its initial $2.8 million seed funding and subsequent investment rounds. The network's migration to the Solana blockchain in September 2022 and a strategic partnership with T-Mobile marked a pivotal transition, enhancing its scalability and efficiency.
The launch of Helium Mobile's $20 monthly phone plan in the United States, offering unlimited services, has significantly impacted the HNT token's market dynamics. This development and general optimism surrounding the Solana network have led to a remarkable increase in the HNT price.
How to Use HNT Token
HNT, the native cryptocurrency of the Helium network, plays a central role in its ecosystem, offering a range of applications:
Incentivizing Network Participation in Helium
Users operating Hotspots earn HNT by providing and validating wireless coverage and transferring device data over the decentralized network. This model encourages active network participation and expansion, directly impacting the HNT price and Helium coin price.
Token Burning for Network Stability
HNT is converted into Data Credits (DCs) through a burning process. These DCs are used for sending data over the Helium network and paying transaction fees, helping to regulate the Helium coin supply and maintain network equilibrium.
Staking HNT for Helium Network Security
Validators can stake HNT tokens to participate in the network’s consensus mechanism. By staking a minimum of 10,000 HNT, validators contribute to transaction validation and block production, enhancing the network's security and efficiency.
Trade HNT on KuCoin or HODL
HNT also functions as a tradable asset in the cryptocurrency market. Investors and traders can buy, sell, or hold HNT, leveraging market volatility for potential profits on the KuCoin Spot Market. Keeping an eye on the Helium crypto price, market cap, and trading volumes is crucial for informed trading decisions.
Helium (HNT) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.035 | 0.53% |
| 7 Days | $-1.91 | -21.94% |
| 30 Days | $1.08 | 18.94% |
| 3 Months | $0.305 | 4.69% |
24H Investment Barometer
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Helium Conversion Rate
FAQ
How much is 1 Helium (HNT) worth?
KuCoin provides real-time USD price updates for Helium (HNT). Helium price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time HNT to USD exchange rates. Is Helium (HNT) a Good Investment?
HNT's value as an investment is closely tied to the Helium Network's growth and its role in the Decentralized Public Infrastructure (DePIN) industry.
The network, powered by Nova Labs, is rapidly expanding, with over 363,000 hotspots globally, and is focused on enhancing internet connectivity using blockchain technology. This expansion has been bolstered by the recent launch of Helium Mobile, a $20 per month service in the U.S., offering an affordable alternative to traditional mobile plans, which averages around $157 per month.
The price of HNT has seen significant fluctuations, driven mainly by the launch of Helium Mobile's unlimited plan. This service utilizes Helium’s 5G network, allowing users to set up mini-cell towers and expand network coverage. The partnership between Nova Labs and T-Mobile to extend coverage for Helium Mobile in areas where the network is not present is a key factor in this growth.
What Is Helium Price Prediction?
Although making an accurate HNT price prediction over any duration is impossible, several fundamental factors you can monitor drive volatility in the Helium token price. These include:
Recent Developments in the Helium Ecosystem
Helium has made significant strides in the Decentralized Public Infrastructure (DePIN) industry. The introduction of Helium Mobile, a $20 monthly service in the U.S., has been a key driver in the network's growth, offering affordable data, talk, and text compared to traditional mobile plans. This initiative, alongside the growth in active hotspots (now over 363,000 globally), has contributed to the increasing interest and potential rise in the Helium crypto price.
HNT Market Performance
Analysts speculate that as Helium continues to expand its services and network, the HNT price could continue to rise. Following its blockchain migration, the association with Solana is also seen as a positive factor influencing the Helium token price.
Level of Adoption of Helium Network
The more users and businesses that set up Helium Hotspots and use the network, the higher the potential demand for the HNT token. As the network grows, with an increasing number of devices using its decentralized wireless infrastructure, this can drive up the HNT to USD price.
Helium Partnership Announcements
Announcements of new partnerships or collaborations can significantly influence investor perception and confidence in the Helium project, potentially boosting the price of HNT crypto. For example, Helium's partnership with T-Mobile and its recent launch of Helium Mobile are seen as positive developments.
Crypto Market Sentiment
General market sentiment, including broader trends in the cryptocurrency market, can impact the HNT crypto price. Positive sentiment or a risk-on mood among global investors can drive up cryptocurrency prices, including HNT. In contrast, bearish or risk-averse sentiment can lead to sell-offs that weaken the price of Helium token.
How to Add HNT to Helium Wallet
Here’s how to add HNT to your Helium Wallet:
1. Create a Helium Wallet; navigate to 'My Wallet' in the wallet app to obtain your unique Helium deposit address.
2. Buy Helium on KuCoin or other supported platforms.
3. Input the deposit address you obtained from your Helium Wallet and specify the amount of HNT you wish to withdraw. Make sure to use the Helium network for the transaction.
How to Stake HNT on the Helium App
In addition to earning rewards through Hotspots, the Helium Network offers a staking mechanism where users can stake their HNT tokens. This process involves running a validator node, contributing to the security and efficiency of the network by verifying transactions.
Helium Staking Requirements
To stake HNT, a significant investment is required – a minimum of 10,000 HNT. This high threshold ensures that only serious participants contribute to network validation. Moreover, running a validator node demands technical expertise, which involves setting up and maintaining the node on a virtual server. A robust and continuous internet connection is crucial to avoid penalties and maximize earnings.
Recent Developments in Helium (HNT) Staking
The Helium Foundation's move to integrate decentralized governance post-migration to the Solana blockchain is a notable development. Staking HNT now allows token holders to earn Vote-escrowed HNT (veHNT), representing the network's voting power. This governance aspect adds a new layer of utility to the HNT staking process.
What Is Helium (HNT) Mining?
Helium (HNT) mining is a unique process compared to traditional cryptocurrency mining. It revolves around creating a decentralized wireless network. Here's a brief overview of mining Helium coin:
Network Coverage Through Hotspots
The core of Helium mining involves individuals setting up Hotspots, a combination of a wireless gateway and a blockchain mining device. These Hotspots provide wireless network coverage for Internet of Things (IoT) devices using LongFi technology, a blend of the LoRaWAN wireless protocol and the Helium blockchain.
Helium’s Proof-of-Coverage Consensus Mechanism
Unlike traditional mining, which requires significant computational power, Helium mining uses a novel consensus mechanism called Proof-of-Coverage (PoC). This mechanism validates the wireless coverage provided by the Hotspots. Hotspots actively participate in the network by transmitting and receiving test signals, proving their presence and coverage area.
Earning HNT Tokens
Hotspots earn HNT tokens for providing and validating wireless coverage and transmitting IoT device data. The amount of HNT earned depends on the network participation level and the coverage quality (e.g., the number of devices connected, the Hotspot's location, and how often it participates in PoC challenges).
Energy-Efficient HNT Mining
Helium mining is energy-efficient compared to traditional cryptocurrency mining. Hotspots use minimal electricity, making it a more eco-friendly option.
Helium mining is thus a blend of blockchain technology and wireless communication to create a decentralized IoT network. It represents an innovative approach to both crypto mining and wireless networking, allowing participants to contribute to and benefit from the expanding reach of IoT technology.
How to Cash Out Helium (HNT)
If you earn HNT through mining by operating a Hotspot, you can cash out your Helium tokens in the following manner:
1. Your HNT mining earnings are initially stored in the Helium Wallet, which is the official cryptocurrency wallet of the Helium Network. This wallet is specifically designed to handle HNT transactions and storage.
2. To convert your HNT into fiat currency, transfer it to a cryptocurrency exchange, such as KuCoin.
3. Once your HNT is in the KuCoin exchange, you can trade it for Tether (USDT), a popular stablecoin, or other cryptocurrencies. Trading for a stablecoin like USDT can minimize exposure to market volatility.
4. After converting HNT to USDT or another cryptocurrency, you can withdraw it as fiat currency. Use KuCoin P2P to sell your USDT and convert it into the fiat currency of your choice.
What is the all-time high price of Helium (HNT)?
The all-time high price of Helium (HNT) is $55.210. The current price of HNT is down 87.75% from its all-time high.
What is the all-time low price of Helium (HNT)?
The all-time low price of Helium (HNT) is $0.253. The current price of HNT is up 2,569.79% from its all-time low.
How much Helium (HNT) is there in circulation?
As of 12 21, 2024, there is currently 175,165,534 HNT in circulation. HNT has a maximum supply of 223,000,000.
What is the market cap of Helium (HNT)?
The current market cap of HNT is $1.21B. It is calculated by multiplying the current supply of HNT by its real-time market price of $1.21B.
How do I store Helium (HNT)?
You can securely store your Helium in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your HNT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Avalanche (AVAX) to cash?
You can instantly exchange your Avalanche (AVAX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert AVAX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.