HNT Token Beats Bitcoin With 40% Surge as Helium Mobile’s Subscriber Count Tops 100K

HNT has only lost to dogwifhat in the last seven days.

To one observer, Helium Network is a strong example of real-world use of blockchain technology.

Helium Network’s HNT token has seen a market-outpacing surge amid growing adoption of its wireless phone service Helium Mobile.

According to data source Coingecko, the price of HNT has increased by over 40% in seven days to $5, placing it in second place on the list of top 100 coins by market cap, just behind meme coin dogwifhat (WIF). Bitcoin {{BTC}}, the largest cryptocurrency by market cap, is up 7%, as is the broad market benchmark CoinDesk 20 (CD20) Index.

Helium Network is a decentralized blockchain network for the internet of things (IoT), allowing devices to communicate and share data through small devices called access points. These access points serve as wireless gateways and incentivize their owners with HNT tokens for providing network coverage and verifying connectivity.

Helium Mobile uses the Helium network by connecting to hotspots, enabling data sharing, communication and tracking without having to rely on traditional centralized cellular networks or Wi-Fi networks.

The number of Helium Mobile subscribers, or organizations using mobile devices or sensors that communicate over the Helium Network, surpassed 100,000 earlier this month. The number has increased more than 300-fold in one year, according to Helium Mobile data.

The phone service released its roadmap progress report on July 12, announcing the launch of a pilot program with major U.S. telecom companies to transfer data to the Helium Network.

The report also announced a licensing program to increase compatibility with third-party hardware manufacturers and OpenRoaming compatibility to expand data transfer options for access point owners. This will enable connectivity for Helium users and subscribers of any service provider that supports OpenRoaming.

According to Delphi Ventures founder Tom Shaughnessy Jr., Helium is a powerful example of blockchain technology solving real-world problems.

“5G offers retailers better consumer pricing because reselling home internet offers a cheaper mobile price than a mobile plan directly with a carrier,” Shaughnessy wrote on X. “A home internet service costs $50-$100 a month, and you can resell that to many users for less each ($20 a month helium plans) compared to each person paying $50-$100 for their own mobile plan. 100,000 subscribers and counting is incredible,”

Helium Mobile subscribers. (Helium Mobile)

12:12 UTC: Correction from Helium’s Mobile Subscriber Count to “Helium Mobile Subscriber Count”. As discussed in the article, the two are separate entities.