Will Helium reach 1,000?Helium Price Prediction 2023-2030

Latest Helium HNT Price

Performance in the last 12 Months

• Last 5 days: +6.0%
• Last 30 days: -7.7%
• Last 6 months: +56.5%
• Last 5 days: -88.6%

Will Helium reach 1,000? Is HNT a Good Investment?

Helium is a decentralized wireless network built on blockchain technology that aims to solve the problems of expensive and unreliable connectivity and security. The protocol token incentivizes a two-sided marketplace between coverage providers and consumers. The Helium Consensus Protocol and Proof-of-Coverage ensure the integrity of the network, and the Helium Wireless protocol provides a bi-directional data transfer system between wireless devices and the internet. Devices pay to send and receive data and geolocate themselves, while miners earn tokens for providing network coverage and fees for transactions and network validation.

Current Statistics

• Total Hotspots: Nearly a Million
• Number of Hotspots rewarded in the last 24 hours: 400k
• Data Only Hotspots: 2700

There are several apps in the Helium ecosystem that are designed to work with the Helium network. These include

• The Helium Hotspot app, which allows users to set up and manage their Helium hotspots
• The Helium Console provides users with real-time data on network performance and coverage.

The HNT token is used in the Helium network as the native cryptocurrency

• It is used to incentivize network participants to provide coverage to the network
• to pay for data transmission on the network
• HNT can also be used to purchase and sell data credits, which can be used to send data over the network.

The main competitors of Helium are other IoT networks such as Sigfox and LoRaWAN.

Overall, Helium appears to be a moderate case for Investment given the easy availability of Hotspots and wifi across the Globe.

Will Helium reach 1,000?

To reach $1000, Helium’s price will have to rise 437 times. At $1,000, HNT will have a market cap of $139 Billion. If Helium price were to rise at the rate of 25% every year, HNT would reach $1000 in 27 years. Given that Helium is only a moderate case of investment, none of these targets are likely to be met and Helium will not reach 1000. However, what happens if 75% of the Tokens were burnt?

If 75% of the Tokens were burnt, To reach $1000, Helium’s price will have to rise 87 times. At $1,000, HNT will have a market cap of $28 Billion. If Helium price were to rise at the rate of 25% every year, HNT would reach $1000 in 21 years. This looks a lot more feasible but it is difficult to imagine that 80% of the tokens will be burnt so overall, it is impossible for Helium to reach $1000.

Helium Price Prediction 2023-2030

• Helium Price Prediction 2023 is $4.2
• Helium Price Prediction 2023 is $8.0
• Helium Price Prediction 2023 is $52.1

Helium Price Prediction Today

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.