HNT surges as Helium expands its mobile offering

Helium Mobile now offers unlimited packages at United States. The price of native token from Helium blockchain network a exploded in the night.

Late Tuesday, Helium Mobilethe mobile arm of American startup Nova Labsannounced the launch of $20/month unlimited packages in the United States.

Helium Mobile has until now offered plans only to Miami residents, and is now expanding its offering nationwide.

The operator takes advantage of the Helium network of hot spots powered by its own community. Users can install “mini cell towers” in their homes and in return earn cryptocurrencies.

Helium Mobile supports people-powered coverage and allows customers, not operators, to become network owners and operators. As in other sectors like Airbnb or Uber, when you reduce monopolies and let customers become owners, service improves, costs come down and everyone benefits,” Helium Mobile claims.

When hot spots are unavailable, Helium switches to the network T-Mobileaccording to a press release.

📶 Leveraging the #Helium Network, @helium_mobile launches a nationwide phone plan for $20/month.📱 https://t.co/s5sA3X2w38

– Helium🎈 (@helium) December 5, 2023

Last night, a few hours after the announcement, the price of the Helium blockchain network’s native token, HNTsuddenly jumped to over $4.8. Its price has since retreated to around $3.95, still up 43% over 24 hours. A price level still a long way from its 2021 ATH of over $50.

Helium price (HNT) – Tradingview

This year, Helium announced the migration of its network from Ethereum to Solana. The startup, which adopted the Nova Labs name in 2022, also closed a $200 million financing round last year at a valuation of $1.2 billion.

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