Helium Trading 18.3% Lower This Week (HNT)

Helium (HNT) traded down 5.9% against the U.S. dollar during the 24-hour period ending at 8:00 AM E.T. on February 1st. Helium has a market cap of $182.04 million and approximately $8.97 million worth of Helium was traded on exchanges in the last 24 hours. One Helium coin can currently be bought for $0.98 or 0.00001248 BTC on exchanges. Over the last seven days, Helium has traded down 18.3% against the U.S. dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 10.5% against the dollar and now trades at $78,474.12 or 0.99372946 BTC.
• SolvBTC (SOLVBTC) traded 5.3% lower against the dollar and now trades at $78,415.09 or 1.00146070 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Helium Coin Profile

Helium (CRYPTO:HNT) uses the hashing algorithm. Its genesis date was July 31st, 2019. Helium’s total supply is 186,321,438 coins. The official website for Helium is www.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 message board for Helium is blog.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.”

Buying and Selling Helium

It is usually not presently possible to purchase alternative cryptocurrencies such as Helium directly using US dollars. Investors seeking to acquire Helium should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Helium using one of the exchanges listed above.

HNT/USD price chart by TradingView