Helium (HNT) Price Prediction 2023-2030: Will HNT Price Hit $10 Soon?

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Helium-(HNT)-Price-Prediction 2022
  • Bullish Helium (HNT) price prediction ranges from $6 to $12.
  • Analysis suggests that the Helium price might reach above $10.
  • The Helium bearish market price prediction for 2023 is $2.5.

Helium is a decentralized connectivity platform called “The Peoples Network”. Its native token is denoted as HNT.

Helium investors are bullish on the token since it has had a return on investment (ROI) of over 16 times in the past two years. The crypto bubble of 2021 led to an increase in the price of HNT to its present all-time high (ATH) of $55.22, attained in November 2021. Irrespective of the recent crypto winter, which led to a dip in the price of most cryptocurrencies, HNT investors are confident that the future of HNT is bullish.

If you are interested in the future of Helium (HNT) and would want to know the price analysis and price prediction of HNT for 2023, 2024, 2025, 2026, up to 2030, keep reading this Coin Edition article.

Helium (HNT) Market Overview

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What is Helium (HNT)?

Helium is a decentralized connectivity platform known as “The Peoples Network”. It has its blockchain, and its native token is denoted as HNT. It was launched in July 2019, although it was founded in 2013. It is the world’s fastest-growing wireless network, with over 950,800 hotspots at the time of writing.

Helium was founded by Shawn Fanning, Amir Haleem, and Sean Carey. It uses the internet of things (IoTs) technology to allow low-capacity wireless devices to send data and communicate with each other within its network.

Helium uses the proof of coverage (PoC) consensus mechanism to reward its users for their mining activities. The PoC mechanism is based on the HoneyBadger Byzantine Fault Tolerance (BFT) to ensure its node security for the validators.

Some of the top users of the Helium open-sourced decentralized platform include mimic, myDevices, careband, digital matter, airly, AGULUS, and others. The two units of exchange on the Helium platform are HNT and Data Credit. HNT is earned as a mining reward, while Data Credit is used to send data from one user, and another is made by burning HNT.

Helium (HNT) Current Market Status

The maximum supply of Helium (HNT) is 223 million HNT, while its circulating supply is 143,934,821 HNT, according to CoinMarketCap. At the time of writing, HNT is trading for $5.26, representing 24 24-hour increase of 23.99%. The trading volume of HNT in the past 24 hours is $40,258,053, representing a 40% increase.

Some top cryptocurrency exchanges for Helium (HNT) trading are Binance, Kucoin, FTX, Gate.io, and others.

Now that you know what HNT is and its current market status, we shall discuss the price analysis of Helium (HNT) for 2023.

Helium (HNT) Price Analysis 2023

Will the Helium blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect sentiment over time? Read more to find out about Helium’s 2023 price analysis.

Helium (HNT) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

HNT/USDT 1-Day Chart Showing Bollinger Bands (Source: Tradingview)

The above chart shows that Helium has been abruptly rising lately while hugging the upper Bollinger band. Since HNT is overbought, there is a high chance that the prices could fall down. And there could be a session where the gaping Bollinger bands could contract and as a result, HNT could go through a period of consolidation. 

As such HNT might fall and seek support from the SMA and thereafter might rebound off of it. However, if the SMA is too weak then HNT might stray into the lower half of the Bollinger bands. Nonetheless, when the prices are low, the buyers might step in and uplift the prices.   

Helium (HNT) Price Analysis- Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

HNT/USDT 1-Day Chart Showing Relative Strength Index (Source: Tradingview)

The above chart shows that the RSI reads a value of 88 and it is extremely overbought. As such, there could be a trend reversal that could happen in the near future. There could be already spotted the formation of a red candlestick. 

As more traders sell HNT and make a profit, there will be a surplus of HNT in the market and this will dismantle the demand and bring it low. Consequently, the price of HNT will also be reduced shortly. 

Helium (HNT) Price Analysis – Accumulation and Distribution Line 

The Accumulation and Distribution Line (ADL) is an indicator that relies upon the price and the volume of the cryptocurrency to find out how strong the current trend is. Generally, if there is a price rise then the ADL should also rise along with the price. 

When the preceding happens, there is assurance that the price rise is supported by volume. However, when the ADL falls while the price rises, then, it shows that the price change is not supported by volume and the trend is weak. 

HNT/USDT 1-Day Chart Showing Accumulation/Distribution Line (Source: Tradingview)

The ADL reads a value of -2.83M and the line tends to be moving in the downward direction. The negative sign shows that the selling pressure is increasing and as a result, the price of HNT is also reducing. If this selling pressure keeps increasing, then, the ADL value will keep increasing in the negative direction. However, buyers will step in at the right moment when the prices are lower and this might help HNT reach a higher price.  

Helium (HNT) Price Prediction 2023

HNT/USDT 1-Day Chart (Source: Tradingview)

When looking at the chart above, we can note that since the beginning of 2023, HNT has been moving vertically up and down as it would have liked to. It has been fluctuating within a tight space between $ 1 and $3.5. However, lately, HNT seems to have gained some momentum, and it is on the rise. If HNT continues its motion in the upward direction, it could reach $10 in no time. 

However, the technical indicators do not favor HNT’s further rise. In particular, the Bollinger bands have adjudicated that HNT is overbought, hence, there might be a trend reversal or at least a retracement. If it is just a retracement, we could expect HNT to test the weak support at $4 as shown in the chart. Nonetheless, if it is a reversal then, HNT might look to land on Support 1 at $2.5. But if the bears are too powerful, then HNT might crash to Support 2 at $1.5. 

Helium (HNT) Price Prediction – Resistance and Support Levels

HNT/USDT 1-Day Chart Showing Resistance and Support Levels (Source: Tradingview)

The chart above shows that HNT has been losing value since its inception. It has been falling below the 2:1 Gann line. Although the diagonal line heading from the left bottom to the top right tried to stop HNT’s fall, the bears were too strong. In particular, the 2:1, 3:1, and 8:1 Gann lines tried to interfere with HNT’s fall, but nothing could stop the bears until HNT reached almost $1. Currently, HNT is rising and may test the 4:1 line or slide along it downwards.

Helium (HNT) Price Prediction 2024 

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum Helium based on the previous halving. Hence, we could expect HNT to trade at a price, not below $15 by the end of 2024.

Helium (HNT) Price Prediction 2025

Helium may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, HNT will continue to rise in 2025 forming new resistance levels. It is expected that HNT would trade beyond the $35 level.

Helium (HNT) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, HNT could tumble into its support regions. During this period of price correction, HNT could lose momentum and be way below its 2025 price. As such it could be trading at $19 by 2026. 

Helium (HNT) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in HNT. As such we could expect HNT to trade at around $23 by the end of 2027. 

Helium (HNT) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, HNT may reciprocate its past behavior during the BTC halving. Hence, Helium would be trading at $27 after experiencing a considerable surge by the end of 2028. 

Helium (HNT) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, HNT could be trading at $42 by the end of 2029.

Helium (HNT) Price Prediction 2030

After witnessing a bullish run in the market, HNT and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, HNT could be trading at $38.

Helium (HNT) Price Prediction 2040

The long-term forecast for HNT indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then HNT could fall in value. It is expected that the average price of HNT could reach $45 by 2040.

Helium (HNT) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, HNT could hit $60.

Conclusion

If investors continue showing their interest in HNT and add these tokens to their portfolio, it could continue to rise. HNT’s bullish price prediction shows that it could reach the $10 level. 

FAQ

What is Helium (HNT)?

Helium is a decentralized connectivity platform known as “The Peoples Network”. It has its blockchain, and its native token is denoted as HNT. It was launched in July 2019, although it was founded in 2013. It is the world’s fastest-growing wireless network, with over 950,800 hotspots at the time of writing.

How to buy Helium (HNT) Tokens?

Like other cryptocurrencies, Helium (HNT) can be traded in cryptocurrency exchanges like Binance, FTX, Kucoin, Gate.io, and others.

Will HNT Token surpass its present ATH?

HNT has a low possibility of surpassing its present all-time high (ATH) price of $55.22 in 2022. However, due to the positive sentiments of its investors, this could be reached by 2024.

Can HNT reach $10 soon?

HNT is one of the few cryptocurrencies that has performed well in recent times. If HNT spikes it could rise to $10.

Is HNT a good investment?

HNT has been one of the most suitable investments in the crypto space. It is highly volatile, as such, it has quite a margin when its price fluctuates. Hence, traders may be allured to invest in HNT. It’s a good investment in the short term and in the long term as well.

What is the current all-time low price of HNT?

Helium has a current all-time low price of $0.2534.

Who are the co-founders of Helium?

Helium was co-founded by Shawn Fanning, Amir Haleem, and Sean Carey.

What is the maximum supply of HNT?

HNT has a maximum supply of 223,000,000 HNT.

When was HNT launched?

It was launched in 2019.

Where can HNT be stored?

HNT can be stored in private and cold and hot wallets of centralized exchanges.

What will be the HNT token’s price in 2023?

HNT is expected to reach $10 by 2023.

What will be the HNT token’s price in 2024?

HNT is expected to reach $15 by 2024.

What will be the HNT token’s price in 2025?

HNT is expected to reach $35 by 2025.

What will be the HNT token’s price in 2026?

HNT is expected to reach $19 by 2026.

What will be the HNT token’s price in 2027?

HNT is expected to reach $23 by 2027.

What will be the HNT token’s price in 2028?

HNT is expected to reach $27 by 2028.

What will be the HNT token’s price in 2029?

HNT is expected to reach $42 by 2029.

What will be the HNT token’s price in 2030?

HNT is expected to reach $38 by 2030.

What will be the HNT token’s price in 2040?

HNT is expected to reach $45 by 2040.

What will be the HNT token’s price in 2050?

HNT is expected to reach $60 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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