In the post-surge cooldown across the crypto space (hold off on the bull run lads), Helium (HNT) and Akash Network (AKT) aren’t slowing down.
Helium shot up +11.4%, while Akash Network wasn’t far behind with a +5% rise, showing that some altcoins are breaking through despite Bitcoin’s overall price hesitancy.
These two cryptos show resilience, possibly fueled by upcoming catalysts such as Nvidia’s earnings report and US Core PCE inflation data surpassing expectations. In this article, we’ll focus on Helium. Here’s what else you should know about its rise.
The Role of Nvidia in Helium/AKT’s Growth
Helium is a maverick of decentralized IoT and is making waves, pushing its HNT token past the $7.12 barrier.
On a basic level, Helium is a physical wireless device specifically designed to provide coverage for the “Internet of Things.” It offers extensive network coverage spanning tens of square miles (elevation is a factor; as for me in Denver in a week, it’s a plus), and you will be delivered HNT tokens to provide this internet.
Think of it as crypto mining with a purpose.
The price of $HNT is inside an ascending channel formation.
This provides a simple pattern to enter longs and short on #Helium while it's still inside the channel. pic.twitter.com/cbHy3ftPXM
— CryptoJack (@cryptojack) August 27, 2024
At the start of the year Helium also began providing 5g with its own cell plan. For $20 a month this cell plan is pretty enticing. Still not sure how it’s sustainable.
As for the price action, the HNT bulls are eyeing that elusive $8.00 target as the network flexes its market muscle.
The potential for HNT to return to its 2024 highs in the $11 area remains a possibility, especially if broader market conditions improve.
Exploring Alternatives: Crypto Presales
While HNT and AKT promise to rip this bull run, some investors might seek even greater upside potential through crypto presales.
Crypto presale investing presents an alternative for those willing to explore emerging projects early on at discounted prices.
One meme coin presale that’s shaking up is Pepe Unchained (PEPU), a layer-2 meme coin that’s raised over $10 million so far.
Pepe Unchained isn’t just another Pepe knockoff. It promises lightning-fast, cheap transactions by building a blockchain network for meme coins, claiming speeds 100 times faster than Ethereum.
EXPLORE: Aave is On the Verge of Titanic Breakout As Volumes Surge into Altcoins
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
