Helium (HNT) Price Prediction for the Near Future

The HNT price prediction differs on many platforms. However, cryptopreneurs can grasp a trend, dynamics of the price movements, and once added the expertise in reading the charts, chances become bigger for a good gain. In this piece, we’ll outline the most probable price variations for the coin and what has an impact on its value in the future. Without further ado, let’s get started. 

Technical Overview of Helium (HNT)

HNT, as a cryptocurrency, serves to operate on Helium’s blockchain-based network, made to help IoT devices interact with each other. The network runs on a unique Proof of Coverage (PoC) consensus mechanism, which plays a vital role in maintaining the network’s integrity, securing transactions, and incentivising participants. 

HNT is mined and earned by users who operate Hotspots, which serve as the physical nodes of the network. The technical aspects of Helium’s blockchain and tokenomics add several layers of innovation to the cryptocurrency space. The coin is something needed to it, which directly affects how positive the HNT price prediction can be.

Proof of Coverage (PoC) Mechanism

A cornerstone of Helium’s technical infrastructure is its Proof of Coverage (PoC) consensus. PoC verifies the location and network coverage of Hotspots, ensuring that each node is providing reliable wireless connectivity to IoT devices. This system differs from traditional Proof of Work (PoW) as it focuses on validating coverage through radio frequencies rather than computational power, making it more energy-efficient.

The PoC mechanism supports three critical roles within the network:

• Challengers: Create challenges to validate Hotspot locations.
• Transmitters: Respond to these challenges by broadcasting radio signals.
• Witnesses: Validate that the transmissions occurred successfully.

Rewards in the form of HNT tokens are distributed to Hotspot operators based on their role in the network, which keeps the system functional and decentralised. Let’s keep naming what else has an impact on the potential of a good HNT price prediction.

Mining and Token Supply

Helium mining requires specialized devices that generate radio frequencies and validate network coverage. These devices consume minimal power, making Helium mining more efficient than traditional cryptocurrency mining. 

Mining is done through radio transmissions instead of high-energy computation of Bitcoin (for example), allowing Hotspots to be placed in homes and businesses with relatively low operating costs.

HNT has a capped supply of 223 million tokens. The Helium network follows a Burn-and-Mint Equilibrium tokenomics model, where HNT tokens are burnt to create non-exchangeable Data Credits used for transaction fees and network operations. The system ensures that new HNT is continually mined while maintaining a balance through token burns, controlling inflation, and ensuring a stable supply over time.

Data Credits

In any Helium price prediction, you’ll find technical features that make the coin unique. Another unique technical feature is the use of Data Credits, a secondary, non-transferable token. Data Credits are created by burning HNT and are required to transfer data across the Helium network. This dual-token system ensures the continuous use of HNT for network participation while keeping transaction fees low and affordable for IoT device operators.

Blockchain Security and Scalability

The Helium blockchain is secured by its decentralised structure, where the PoC mechanism ensures that no single entity controls the network. The blockchain relies on the HoneyBadger Byzantine Fault Tolerance protocol, which ensures secure consensus even with varying connection rates between hotspots. This advanced security protocol allows Helium to scale efficiently while maintaining high levels of security.

Forecast for Helium Tomorrow and Next Week

As for now and the next days in terms of Helium price prediction,  Helium’s cost (HNT) is expected to experience a slight decrease of approximately -0.45%, potentially reaching $8.07 by September 13, 2024. Despite this minor short-term drop, market sentiment remains bullish, indicating optimism among traders. Additionally, the Fear & Greed Index currently sits at 29, reflecting a state of fear in the market. Over the past 30 days, Helium has shown relatively balanced performance, recording 50% green days, and displaying moderate price volatility of 7.44%.

As of today, the price of Helium stands at $8.11, with a 24-hour trading volume of $11.58 million and a market capitalization of $1.31 billion. The token has shown mixed short-term movements, with a slight decline of 0.2519% in the last hour and 0.5694% over the last 24 hours, but a notable weekly increase of 12.06%.

Looking forward, the value of Helium might be shifting a bit, with a 7-day forecast indicating a small uptick to $8.14, representing a 0.43% increase. Though far below its all-time high of $55.17 from November 2021, Helium’s consistent performance and growing network suggest potential for future growth in the longer term. Current trends suggest it could be a favorable moment for buyers looking for short-term opportunities.

Analysis of Helium’s Price Trends

The Helium price prediction is a matter of trends. The value itself has exhibited several distinct trends over time, shaped by both internal developments and broader market events. A key moment in Helium’s history was the migration of its blockchain to the Solana network in 2023, which initially slowed due to external factors like regulatory challenges. 

Events such as the United States Securities and Exchange Commission’s (SEC) actions against major exchanges like Binance and Coinbase delayed Helium’s ability to leverage this transition for price growth. However, after overcoming these obstacles, the price rallied toward the end of 2023.

In 2024, Helium’s price faced a downturn but recovered as interest in Decentralized Physical Infrastructure (DePIN) spurred renewed attention to the project. By July 2024, Helium rebounded from a low point, reaching $5.15, after previously declining during the earlier part of the year. This demonstrates how shifts in technological trends and project visibility can influence Helium’s market performance.

Historically as any Helium price prediction said at a time, Helium has been unstable. It reached an all-time high of $55.17 in November 2021, before dropping substantially, reflecting the volatility of the broader cryptocurrency market. 

By July 2024, Helium’s value was down 85.29% from that peak. However, the alignment of price movements with volume shifts and the presence of a double bottom formation have signaled upward momentum, with resistance at $5.60 posing a potential challenge for future price growth.

The combination of regulatory influences, technological shifts, and market patterns illustrates Helium’s price volatility. Nonetheless, the coin has shown resilience by recovering from lows, reflecting strong interest in its underlying technology.

Historical Data on Helium Prices

Let’s outline again historical data on Helium price movements and the Helium price prediction in the past. First, we heard about Helium (HNT) in July 2019, and it had a price of approximately $0.27. The coin then reached its all-time low of $0.2534 on June 10, 2020. By August of the same year, market sentiment shifted, pushing the token above the $1 mark for the first time. 

The real breakthrough, however, came in 2021, when the broader cryptocurrency bull market happened. By April and May 2021, HNT had surged to over $15, although a market-wide downturn followed, pulling prices back down.

In late 2021, HNT saw its all-time high of $55.22, thanks to positive news about Helium’s partnership with 5G carrier DISH and an overall bullish market. Despite this peak, concerns around the Omicron variant of COVID-19 caused a market contraction, and HNT ended the year at $37.86.

In 2022, Helium, like many other cryptocurrencies, faced a challenging year. Despite a high of $45.06 in January, market turmoil led by events like the collapse of the UST stablecoin and LUNA cryptocurrency saw HNT drop to $6.59 by May 2022. 

While HNT did trade above $10 in some months, it faced continuous challenges. The proposal to migrate to the Solana blockchain in August 2022 deterred investors, leading to a price of $5.26 by the end of the month and a low of $3.28 by September. Analysts stayed positive about the Helium price prediction for the following year.

The delisting of HNT by Binance in October, followed by the collapse of the FTX exchange, further worsened the token’s situation. By December 2022, HNT had dropped to a low of $1.59 before briefly recovering to $2.38. It ended the year at $1.53, marking a significant loss of over 95% for the year.

The downward trend continued into 2023, with a low of $1.16 by March, before modest recovery attempts saw it hovering around $1.31 by April. These price movements highlight the volatility and external factors affecting Helium price prediction over the past few years.

Predictions for Helium This Year

As we approach the latter part of 2024, Helium (HNT) is expected to see varied price movements, influenced by market conditions and the broader cryptocurrency landscape. Here’s an outlook for the fall and early winter seasons based on current analysis:

Fall 2024 (September to November)

In fall 2024, Helium’s price is expected to see steady growth. By mid-September, HNT’s price is projected to range between $8.09 and $9.30, with an average around $8.70. As we move toward the end of September, the price might rise slightly, fluctuating between $8.44 and $9.71, with an average of $9.07.

By October, the analysis shows a potential price range between $8.54 and $9.83, with an average of $9.19. Another prediction suggests that during the mid-autumn period, prices could vary from as low as $6.16 to $9.89, indicating some volatility but with the possibility of growth.

As we enter November, the Helium price prediction would place the coin somewhere between $8.65 and $9.95, with an average price of $9.30. However, alternative predictions suggest a more conservative price outlook, where the coin might fluctuate between $6.13 and $6.46, with an average of $6.30. These differing forecasts highlight varying market sentiments, with some experts projecting a downturn in November.

Early Winter 2024 (December)

In December 2024, predictions suggest that Helium’s price could range between $8.76 and $10.07, with an average of $9.42. This reflects a potential for continued growth as the year closes. However, contrasting opinions indicate that HNT could face a dip, with prices between $6.11 and $6.62 and an average of $6.37. This forecast presents a less optimistic view, possibly due to market uncertainty or external factors.

Other Opinions

As seen, there are differing perspectives on HNT’s price. Some experts are bullish, expecting consistent growth through fall and early winter, while others predict a more cautious scenario with lower price ranges, especially as we near the end of the year.

In conclusion, while the overall outlook for Helium in 2024 remains positive, with potential gains in fall, there are mixed opinions about the Helium price prediction and its performance in early winter, making it crucial to monitor the market closely.

Helium Price Prediction for 2025-2030

We’ll outline all possible scenarios for Helium (HNT) from 2025 to 2030, providing a span of minimum, maximum, and typical values based on various projections.

2025

In 2025, the value of Helium is anticipated to fly between $6.34 and $17.16, depending on the source. There’s a more conservative outlook, estimating HNT to get to a $6.34 price tag, while other analysts are more optimistic, predicting a higher cost of $17.16. The typical price for Helium in 2025 is believed to hover around $12.

2026

By 2026, Helium’s price could experience more substantial growth. The coin is likely to trade between $9.38 and $10.14, with a median value of $12.68. Some experts foresee even higher numbers in the Helium crypto price prediction between $18.56 and $22.20, hinting at considerable upward movement.

2027

In 2027, a continued increase can happen in Helium’s value. The projected price spectrum spans from $11.55 to $17.32 while more optimistic sources suggest it could climb as high as $26.99 to $31.93. The typical trading cost is believed to be around $14.44 or $27.75, depending on the analysis referenced.

2028

By 2028, a strong upward trend is what experts believe in for this coin. HNT could be shifting somewhere between $13.19 and $19.79, with a standard value around $16.49. On the higher end, some analysts predict the price reaching as much as $47.50, with a minimum of $38.82, indicating the possibility of a significant leap in value.

2029

Some analysts calculate the price to span from $17.40 to $26.11, with a standard figure of $21.75. However, more aggressive forecasts propose that the median price could climb to $60.29, with values fluctuating between $58.70 and $67.56.

2030

We don’t know what the future brings for Helium crypto price prediction the very next year, not to mention six almost five years from now. Projections suggest HNT could trade between $14.88 and $22.32, with a typical price of around $18.60. More bullish scenarios foresee a much higher scope, with the coin potentially reaching between $86.05 and $104.31, and a standard value of $88.46, signalling substantial long-term growth.

FAQ

What is the future of the Helium coin?

Helium (HNT) reached its all-time high of $55.17 in November 2021. This price surge was driven by positive news, including its partnership with 5G carrier DISH and an overall bullish market.

What was the highest price of HNT Helium?

While Helium has shown significant growth potential, including a price increase to $55.17 in 2021, its performance has fluctuated. The market outlook for Helium remains positive, but like all cryptocurrencies, it comes with volatility, so profitability depends on market timing and investor strategy.

Is investing in Helium profitable?

While Helium has shown significant growth potential, including a price increase to $55.17 in 2021, its performance has fluctuated. The market outlook for Helium remains positive, but like all cryptocurrencies, it comes with volatility, so profitability depends on market timing and investor strategy.

Will Helium reach $100?

Some predictions suggest that Helium could potentially reach between $86.05 and $104.31 by 2030. However, reaching $100 would depend on various market factors and developments in the cryptocurrency space.

What is the current price of 1 Helium?

As of the most recent analysis, the price of 1 Helium (HNT) stands at $8.11 with a 24-hour trading volume of $11.58 million.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.