Bitcoin
Bitcoin (BTC)
$60,932.00 6.7846
Bitcoin price
Ethereum
Ethereum (ETH)
$3,312.17 2.28376
Ethereum price
BNB
BNB (BNB)
$411.16 4.20027
BNB price
Solana
Solana (SOL)
$112.25 4.81036
Solana price
XRP
XRP (XRP)
$0.5667580 -1.56338
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 5.51309
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 10.09966
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058850 2.84933
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 0.61266
Bonk price
Bitcoin
Bitcoin (BTC)
$60,932.00 6.7846
Bitcoin price
Ethereum
Ethereum (ETH)
$3,312.17 2.28376
Ethereum price
BNB
BNB (BNB)
$411.16 4.20027
BNB price
Solana
Solana (SOL)
$112.25 4.81036
Solana price
XRP
XRP (XRP)
$0.5667580 -1.56338
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 5.51309
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 10.09966
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058850 2.84933
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 0.61266
Bonk price
Bitcoin
Bitcoin (BTC)
$60,932.00 6.7846
Bitcoin price
Ethereum
Ethereum (ETH)
$3,312.17 2.28376
Ethereum price
BNB
BNB (BNB)
$411.16 4.20027
BNB price
Solana
Solana (SOL)
$112.25 4.81036
Solana price
XRP
XRP (XRP)
$0.5667580 -1.56338
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 5.51309
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 10.09966
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058850 2.84933
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 0.61266
Bonk price
Bitcoin
Bitcoin (BTC)
$60,932.00 6.7846
Bitcoin price
Ethereum
Ethereum (ETH)
$3,312.17 2.28376
Ethereum price
BNB
BNB (BNB)
$411.16 4.20027
BNB price
Solana
Solana (SOL)
$112.25 4.81036
Solana price
XRP
XRP (XRP)
$0.5667580 -1.56338
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000112 5.51309
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000030 10.09966
Pepe price
El Hippo
El Hippo (HIPP)
$0.0000000058850 2.84933
El Hippo price
Bonk
Bonk (BONK)
$0.0000151 0.61266
Bonk price

Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

helium-mobiles-90-price-increase-in-24-hours-caps-altcoin-surge
Edited by
News
Helium Mobile’s 90% price increase in 24 hours caps altcoin surge

Helium Mobile (MOBILE) is spearheading a dynamic shift in the crypto market towards smaller-cap altcoins, with its price surging by 90% in the last 24 hours to $0.0072.

The altcoin’s surge is mirrored in its trading volume, which has escalated by 243%, reaching $19.8 million.

Helium Mobile's 90% price increase in 24 hours caps altcoin surge - 1
MOBILE price chart | Source: CoinMarketCap

The driving force behind Helium Mobile’s rapid price increase is attributed to the recent launch of its nationwide unlimited mobile services, priced competitively at $20 per month. This strategic move has led to the mobile virtual network operator (MVNO) amassing an estimated 8,000 subscribers.

A unique aspect of Helium Mobile’s service is the integration of blockchain technology, offering subscribers the chance to earn ‘mapping rewards.’

Subscribers who opt to share their phone’s session connection data with Helium are rewarded with a non-fungible token (NFT) minted into their Helium wallet based on the Solana blockchain. These NFT holders receive a proportion of the MOBILE mapping rewards, which accounts for 20% of all $MOBILE rewards.

The approach not only incentivizes users but also aids Helium Mobile in collecting valuable location data, ultimately reducing network usage costs and enhancing service efficiency.

Salvador Gala, co-founder of Escape Velocity Ventures, a firm investing in decentralized web technologies, provided insights into Helium Mobile NFT issuance. According to Gala, approximately 8,000 individuals have received the Helium Mobile NFT, a figure that closely mirrors the company’s subscriber count.

Additionally, about 34,000 individuals have engaged with the app for mapping purposes, though they may not have subscribed to the service yet.

This surge in Helium Mobile’s value comes amid a general downturn in the broader cryptocurrency market. The total market capitalization currently stands at $1.55 trillion, having experienced a 2.52% decline.

Leading the market, Bitcoin (BTC) is trading at $41,012, with a 2% decrease in the last 24 hours, while Ethereum (ETH) has seen a 2.67% fall, currently priced at $2,156.82.

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