Helium Trading 29.9% Lower Over Last 7 Days (HNT)

Helium (HNT) traded 6.1% lower against the dollar during the 24-hour period ending at 22:00 PM Eastern on May 14th. One Helium coin can now be purchased for approximately $9.65 or 0.00032152 BTC on exchanges. During the last seven days, Helium has traded down 29.9% against the dollar. Helium has a total market cap of $1.14 billion and approximately $28.89 million worth of Helium was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Avalanche (AVAX) traded 0.4% higher against the dollar and now trades at $33.01 or 0.00110022 BTC.
  • Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.19 or 0.00000628 BTC.
  • NEAR Protocol (NEAR) traded up 0.9% against the dollar and now trades at $6.79 or 0.00022649 BTC.
  • Algorand (ALGO) traded 1.4% lower against the dollar and now trades at $0.46 or 0.00001522 BTC.
  • Hedera (HBAR) traded down 2% against the dollar and now trades at $0.10 or 0.00000339 BTC.
  • Elrond (EGLD) traded 0.2% higher against the dollar and now trades at $88.20 or 0.00294005 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Kava (KAVA) traded 13.6% higher against the dollar and now trades at $2.46 or 0.00008208 BTC.
  • Theta Fuel (TFUEL) traded down 2.6% against the dollar and now trades at $0.0722 or 0.00000241 BTC.
  • Divi (DIVI) traded down 0.8% against the dollar and now trades at $0.0401 or 0.00000134 BTC.

Helium Coin Profile

HNT uses the hashing algorithm. Its genesis date was November 14th, 2018. Helium’s total supply is 223,000,000 coins and its circulating supply is 117,714,999 coins. Helium’s official Twitter account is @HeliumChain and its Facebook page is accessible here. The official website for Helium is heliumchain.org. The Reddit community for Helium is /r/heliumchain and the currency’s Github account can be viewed here.

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. “

Helium Coin Trading

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

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