Helium (HNT) Price Down 10.9% This Week

Helium (HNT) traded 7.8% lower against the dollar during the 1 day period ending at 13:00 PM Eastern on May 5th. One Helium coin can currently be purchased for $14.29 or 0.00038669 BTC on major exchanges. Over the last week, Helium has traded 10.9% lower against the dollar. Helium has a market cap of $1.67 billion and $36.77 million worth of Helium was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

  • Avalanche (AVAX) traded 3.7% lower against the dollar and now trades at $58.94 or 0.00159449 BTC.
  • NEAR Protocol (NEAR) traded 6.3% lower against the dollar and now trades at $11.21 or 0.00030327 BTC.
  • Cronos (CRO) traded down 5% against the dollar and now trades at $0.29 or 0.00000779 BTC.
  • Algorand (ALGO) traded 4.4% lower against the dollar and now trades at $0.63 or 0.00001704 BTC.
  • Hedera (HBAR) traded down 3.3% against the dollar and now trades at $0.14 or 0.00000370 BTC.
  • Elrond (EGLD) traded 4.7% lower against the dollar and now trades at $125.45 or 0.00339387 BTC.
  • Kava (KAVA) traded down 4.8% against the dollar and now trades at $3.95 or 0.00010675 BTC.
  • Theta Fuel (TFUEL) traded down 5% against the dollar and now trades at $0.13 or 0.00000345 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Divi (DIVI) traded down 0.1% against the dollar and now trades at $0.0621 or 0.00000168 BTC.

Helium Coin Profile

Helium 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 117,013,973 coins. Helium’s official website is heliumchain.org. Helium’s official Twitter account is @HeliumChain and its Facebook page is accessible here. 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 presently possible to buy alternative cryptocurrencies such as Helium directly using U.S. dollars. Investors seeking to acquire Helium should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Helium using one of the exchanges listed above.

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