CandleFocus Here’s why Helium Mobile surged over 100% in 24 hours
2024-12-02
Author: Content Editor
Helium Mobile, a decentralized mobile and wireless network, experienced a surge of 142% in its token price on December 2. This increase was attributed to growing network activity and a rise in its mobile subscriber base. The rally coincided with a spike in the usage of Helium Data Credits (DC), leading to increased burning activity. The surge in price could also be linked to traders seeking an arbitrage opportunity with Helium's primary utility token, HNT. Additionally, the altcoin market as a whole has seen bullish sentiment, with altcoins outperforming Bitcoin. Technical indicators suggest that Helium Mobile could continue to rally in the short term.
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