.jpg)
- Helium is experiencing a growth resurgence that can be linked to its collaboration with traditional transportation companies.
- HNT bulls appear, but signs point to a possible natural correction.
Helium is one of the crypto projects that supports decentralized physical infrastructure (DePIN). However, despite being a pioneer in its sector, the network’s growth has long been constrained by the pace of adoption.
Despite the slow start, Helium Adoption is now starting to grow at a faster pace. This is particularly evident in user growth figures. In fact, the latest data reveals that the pace of adoption has accelerated over the past 12 months.
Helium’s subscriber count has also seen tremendous growth. The network had less than 1,000 unlimited plan subscribers 12 months ago. By contrast, Helium now has over 108,000 unlimited plan subscribers – a sign that it is in a strong growth phase.
Mobile prepaid billing also showed significant revenue growth, a sign of Helium’s strong customer retention.
Source: Dune.com
Discharge of subscribers who pump helium
Now, Helium is exploring growth opportunities by supporting incumbent carriers. The total load offloading service allows incumbent carriers to use Helium’s mobile hotspots to decentralize their offerings. This approach represents an opportunity for Helium to rapidly scale adoption.
The network is It is said We are already working with two carriers to test the feature.
Helium’s physical infrastructure has also expanded rapidly. In fact, the network revealed on its website: Official website It has deployed nearly 16,000 hotspots so far.
Source: Hellohelium.com
The hotspot data highlighted a strong correlation with subscriber counts – confirmation that the network was adapting to accommodate more users.
Alternatively, we can also view it as an indication that the network’s expanding infrastructure is bringing more users on board.
Impact on HNT performance
Native symbol of helium HNT Gold price has been on a general uptrend since the second week of July. This is a clear sign of its recovery after it previously went through a brutal bearish period that saw it fall from its 2024 high of $11.06 – a 74% discount to the lower range below the $3 price level.
HNT is trading at $6.74 at the time of writing. This price point represents a 133% recovery from its lower range.
Source: TradingView
Our analysis suggests that HNT stock may be under selling pressure. This is because its price is not only overbought, but it also shows divergence between the price and the RSI. The RSI recorded a lower high compared to the previous peak towards the end of June, while the price is now higher than it was at its peak in June.
While a downward pullback could be possible, it is difficult to say whether it will be sharp or whether it can maintain its current price. This may be because the new growth rate may encourage HNT holders to hold onto it for a longer period in anticipation of a price increase.
