- Helium is showing bullish signs and has surged almost 30% in 24 hours.
- HNT recovered from the market slump faster than most other altcoins.
- HNT charts are forming a bullish ascending scallop pattern.
Helium (HNT) shows bullish signs, rising almost 30% in the last 24 hours. At the time of writing, HNT is trading at $13.97 according to CoinMarketCap.
What is Helium?
Helium is a blockchain that powers decentralized wireless infrastructure. In fact, the decentralized technology behind Helium allows individuals to host a simple device in their home or office. In turn, the device can provide the surrounding community with low-power network coverage. Thus, providing internet access to billions of devices, while earning HNT as a reward.
HNT, like all cryptos, dipped along with the crypto market, however, the crypto recovered faster than most. In fact, HNT has been trading upwards for over a week. In comparison, most coins only started recovering in the last 24 hours.
This article was first published on coinquora.com