Helium (HNT) Market Cap Reaches $966.29 Million

Helium (HNT) traded up 6.1% against the dollar during the twenty-four hour period ending at 23:00 PM Eastern on May 19th. Helium has a market capitalization of $966.29 million and approximately $23.20 million worth of Helium was traded on exchanges in the last day. One Helium coin can now be purchased for about $8.18 or 0.00027081 BTC on popular cryptocurrency exchanges. Over the last week, Helium has traded 21.8% lower against the dollar.

Here’s how similar cryptocurrencies have performed over the last day:

  • Avalanche (AVAX) traded 1.5% higher against the dollar and now trades at $30.26 or 0.00100134 BTC.
  • Cronos (CRO) traded 4% higher against the dollar and now trades at $0.20 or 0.00000646 BTC.
  • NEAR Protocol (NEAR) traded 2.5% higher against the dollar and now trades at $6.05 or 0.00020016 BTC.
  • Algorand (ALGO) traded 0.8% higher against the dollar and now trades at $0.45 or 0.00001474 BTC.
  • Hedera (HBAR) traded 3% higher against the dollar and now trades at $0.10 or 0.00000342 BTC.
  • Elrond (EGLD) traded 2.5% higher against the dollar and now trades at $91.92 or 0.00304143 BTC.
  • Kava.io (KAVA) traded flat against the dollar and now trades at $5.62 or 0.00012724 BTC.
  • Kava (KAVA) traded up 7.9% against the dollar and now trades at $2.49 or 0.00008237 BTC.
  • Theta Fuel (TFUEL) traded up 9.8% against the dollar and now trades at $0.0674 or 0.00000223 BTC.
  • Ardor (ARDR) traded up 4% against the dollar and now trades at $0.11 or 0.00000364 BTC.

About Helium

Helium (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 118,057,741 coins. The Reddit community for Helium is /r/heliumchain and the currency’s Github account can be viewed here. The official website for Helium is heliumchain.org. Helium’s official Twitter account is @HeliumChain and its Facebook page is accessible 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. “

Buying and Selling Helium

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

Receive News & Updates for Helium Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Helium and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.