Helium, the decentralized wireless network, has seen some dark days in the past. Even to this date, the token price continues to struggle below the $5 mark. But investors can be happy to know that some changes may hinder momentum.
Helium is seen as a massive uproar In terms of Social media engagement and mentions. In the last month, Helium’s social engagement has increased by 231.9%. And, its social mentions increased by 171.6%
The sentiment around the token has been very volatile, as can be seen from the image below. However, in the past few days, positive sentiment for helium has increased.
Its weighted sentiment metric stood at 3.854 at press time. This suggested a positive outlook for HNT.
However, the crypto community may have a change of heart in the near future.
Moreover, it can be observed that Helium holders continue to capitalize on the recent increase in positive sentiment of the token.
Helium’s circulating market cap increased by +11.60% in the last week. The coin has expanded its presence in the overall crypto market. Notably, its market cap dominance increased by 8.82% in the last seven days.
However, there are some things that traders should keep in mind if they are considering going long in the HNT token.
The volume of helium is reduced. It has depreciated by 73.51% in the last week. Helium is also exhibiting high volatility as can be observed in the chart below.
This spike in volatility indicates that the future of the token remains uncertain.
That being said, it’s important to note that Binance Fisco has not hindered Helium’s technological progress, September 20, Network announcement Its new phone which will be available for customers soon.
It remains to be seen whether the new development of helium will affect the price of HNT. HNT, at press time, was trading at $4.60 with a price increase of 8.83% over the past week.
With HNT now starting to trade again, could the tide turn in Helium’s favor? Well, only time can give a perfect answer.