{"id":321126,"date":"2021-08-11T03:25:07","date_gmt":"2021-08-11T00:25:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\/"},"modified":"2021-08-11T03:25:07","modified_gmt":"2021-08-11T00:25:07","slug":"helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\/","title":{"rendered":"# Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40e905b8f9f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40e905b8f9f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\/#The_%E2%80%9CPeoples_network%E2%80%9D_hits_100000_nodes\" >The &#8220;People&#8217;s network&#8221; hits 100,000 nodes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\/#New_data_partners_join_the_network\" >New data partners join the network<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\/#Multiple_factors_reduce_HNTs_circulating_supply\" >Multiple factors reduce HNT&#8217;s circulating supply<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Among the more than 11,000 listed cryptocurrencies exist a few projects that offer a revolutionary use case capable of improving the way society operates through the integration of blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.\u00a0<\/p>\n<p>One such project is Helium (HNT), a decentralized peer-to-peer 5G wireless network that made headlines on Aug. 10 thanks to the successful completion of a token sale that raised $111 million from multiple investors, including Andreessen Horowitz. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that HNT price spiked 30% from a low of $14.03 to an intraday high at $18.14 following the fundraise announcement. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/c9d3abcf-7f9e-46d5-94b3-9a97acd8522d.png\"><figcaption style=\"text-align: center;\"><em>HNT\/USDT 1-day chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/HNTUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Three reasons behind the growing strength of the Helium network include a continually expanding ecosystem of nodes that provide coverage for the network, new companies and partners that utilize the Helium network to track and store data and the recent issuance halving that the protocol underwent. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_%E2%80%9CPeoples_network%E2%80%9D_hits_100000_nodes\"><\/span>The &#8220;People&#8217;s network&#8221; hits 100,000 nodes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the biggest factors boosting the legitimacy of the Helium network is its expanding network of nodes that surpassed 100,000 in July. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There are now 1\u20e30\u20e33\u20e3K Hotspots connected to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium?ref_src=twsrc%5Etfw\">@Helium<\/a>&#8216;s Network to mine <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HNT<\/a> and provide <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LoRaWAN?src=hash&amp;ref_src=twsrc%5Etfw\">#LoRaWAN<\/a> coverage for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/IoT?src=hash&amp;ref_src=twsrc%5Etfw\">#IoT<\/a> devices around the world. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oybU6crpK0\">pic.twitter.com\/oybU6crpK0<\/a><\/p>\n<p>\u2014 Helium Hotspots (@HeliumHotspots) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/HeliumHotspots\/status\/1421179529364660240?ref_src=twsrc%5Etfw\">July 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Increasing demand for hotspots has resulted in more than 50 hotspot manufacturer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications being submitted through the Helium Improvement Proposal (HIP) 19 process and this signals that the number of hotspots could continue to rise for the foreseeable future.<\/p>\n<p>The network&#8217;s growth is further bolstered by the introduction of a new types of hotsposts which include a \u2018<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium\/status\/1424785045387051008\">Light<\/a>\u2019 hotspot and data-only hotspot. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/9c9cfecf-38cb-44d9-a693-d506f218cdbb.png\"><figcaption style=\"text-align: center;\"><em>Map of all hotspots on the Helium network. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/explorer.helium.com\/hotspots\"><em>Helium<\/em><\/a><\/figcaption><\/figure>\n<p>As of August 10, there are 117,377 nodes operating on the Helium network with the highest concentrations found in the United States, Europe and China.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_data_partners_join_the_network\"><\/span>New data partners join the network<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another bullish factor behind HNT&#8217;s recent move is the expanding list of data partners using the low-cost network. <\/p>\n<p>The latest company to join the Helium network for its data management needs is Invoxia, a company that develops GPS trackers for individuals and businesses. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium?ref_src=twsrc%5Etfw\">@Helium<\/a> is honored to welcome <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/invoxia?ref_src=twsrc%5Etfw\">@Invoxia<\/a> to its open-source ecosystem in order to protect valuables and loved ones,\u201d said <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fmong?ref_src=twsrc%5Etfw\">@fmong<\/a>. From GPS tracking to location history, anti-theft alerts, &amp; more, learn about the Invoxia LongFi Tacker from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/iotbusinessnews?ref_src=twsrc%5Etfw\">@iotbusinessnews<\/a>: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/TghRXrqInw\">https:\/\/t.co\/TghRXrqInw<\/a>.<\/p>\n<p>\u2014 Helium (@helium) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium\/status\/1422708863413915654?ref_src=twsrc%5Etfw\">August 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Some of the other companies that utilize the Helium network to track all manner of data from agricultural information to temperature readings include Salesforce, Conserv, Smart Mimic and myDevices. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/ac169624-e1a4-4a54-bad1-1dcbf14630d5.png\"><figcaption style=\"text-align: center;\"><em>Helium network partners. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.helium.com\/\"><em>Helium<\/em><\/a><\/figcaption><\/figure>\n<p>As the number of operational nodes expands to offer wider network coverage for low-cost data tracking, it\u2019s likely that more companies will use the network.<\/p>\n<p><strong><em>Related<\/em><\/strong><em>: <\/em><em>Cryptocurrency mining under proposed US policy changes<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Multiple_factors_reduce_HNTs_circulating_supply\"><\/span>Multiple factors reduce HNT&#8217;s circulating supply<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third development that has put positive pressure on HNT price is the recent halving that cut the monthly issuance of HNT from 5 million to 2.5 million. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The first <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HNT<\/a> Halving has arrived! The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium?ref_src=twsrc%5Etfw\">@Helium<\/a> Blockchain has a 2-year token halving schedule based on community-approved Helium Improvement Proposal (HIP) 20. As of today, the target goal for the issuance of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HNT<\/a> has been reduced from 5M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HNT<\/a> to 2.5M <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24HNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HNT<\/a> per month. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/YdUGhvwBgH\">pic.twitter.com\/YdUGhvwBgH<\/a><\/p>\n<p>\u2014 Helium (@helium) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium\/status\/1421621815756079106?ref_src=twsrc%5Etfw\">August 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Halving the amount of HNT issued per day comes at the same time that the network is adding partners and expands its coverage. This has the potential effect of increasing demand and leading to further price growth as network activity increases. <\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/helium\/status\/1409927612022067210\">introduction<\/a> of staking validators on July 23 is another protocol development that has led to positive price pressure on HNT. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-08\/02fe3f4c-1a67-4a1a-85f2-ee9b22ae12a6.png\"><figcaption style=\"text-align: center;\"><em>Helium network validator statistics. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/explorer.helium.com\/validators\"><em>Helium<\/em><\/a><\/figcaption><\/figure>\n<p>At the time of writing, more than 21.32 million HNT \u2014 23% of the total supply \u2014 have been removed from circulation and staked on the network.<\/p>\n<p>The recent fundraising round from venture capital giants like Andreessen Horowitz, Multicoin Capital and Alameda Research, is further proof that Helium is a fundamentally strong project that has real-world applications and the potential to see further growth in the short and long-term.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/helium-hnt-gains-40-after-111m-fundraise-and-100k-active-nodes-milestone\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Helium (HNT) gains 40% after $111M fundraise and 100K active nodes milestone &#8221; Among the more than 11,000 listed cryptocurrencies exist a few projects that offer a revolutionary use case capable of improving the way society operates through the integration of blockchain technology.\u00a0 One such project is Helium (HNT), a decentralized peer-to-peer 5G wireless&#8230;<\/p>\n","protected":false},"author":1,"featured_media":321127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvOWYyZmQ2N2YtNDk5Yi00YTljLWE3ODUtZWE5M2RlYzhjZDA3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,77473,74894,74863,74892,113917,73785],"class_list":["post-321126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-andreessen-horowitz","tag-blockchain","tag-cryptocurrencies","tag-tokens","tag-wifi","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=321126"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/321126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/321127"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=321126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=321126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=321126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}