Helium Price Reaches $2.40 on Exchanges (HNT)

Helium (HNT) traded 3.8% lower against the U.S. dollar during the one day period ending at 0:00 AM E.T. on November 24th. One Helium coin can now be purchased for $2.40 or 0.00014604 BTC on popular cryptocurrency exchanges. Over the last week, Helium has traded down 3.8% against the U.S. dollar. Helium has a total market capitalization of $319.90 million and $1.90 million worth of Helium was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded down 11% against the dollar and now trades at $0.38 or 0.00002291 BTC.
  • Aidi Finance (BSC) (AIDI) traded 6.8% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.6% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 1.6% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 5.1% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • Terra (LUNA) traded down 3.8% against the dollar and now trades at $1.52 or 0.00009277 BTC.
  • 2G Carbon Coin (2GCC) traded up 3% against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded 1.6% higher against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded 3.1% higher against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded down 15.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.

Helium Coin Profile

HNT uses the hashing algorithm. It was first traded on August 1st, 2019. Helium’s total supply is 223,000,000 coins and its circulating supply is 133,487,285 coins. Helium’s official message board is chat.helium.com. 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 website for Helium is www.helium.com.

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 purchase alternative cryptocurrencies such as Helium directly using U.S. dollars. Investors seeking to trade Helium should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Helium using one of the exchanges listed above.

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