• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, May 9, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Helium Network Hits 300k Live Nodes, Making It the Largest Operating IoT Blockchain

margin707 by margin707
November 9, 2021
in News
Reading Time: 3 mins read
0
helium network
11
SHARES
Share on TwitterShare on Facebook

After last week’s phenomenal performance, Helium continues to show strong support at the $46 level. Currently trading at $45.9, HNT is keeping investors excited amid a recent partnership with Dish.

Last week HNT managed to nearly double in price, rising from $26 and peaking at $51. The big announcement came straight from Dish, stating that they have partnered with Helium’s network allowing customers to deploy their own 5G CBRS-based hotspots.

What Is Helium?

The Helium Network is a blockchain-powered decentralized network for IoT. Helium allows communication between wireless devices across their network dubbed “The People’s Network.”

Helium News

300,000 Hotspots are now on the @Helium Network globally 🌏!

Just the biggest real-world blockchain. Nothing to see here 🎈. pic.twitter.com/havIlzF1aJ

— Helium🎈 (@helium) November 9, 2021

In recent news, looking at the official helium explorer we can see that there are over 300,000 hotspots currently live on the Helium Network. This milestone makes Helium the largest operating IoT blockchain.

helium nodes

In addition, we can see that there are 27.73M HNT currently staked. With a max supply of 223M, this means over 10% of all HNT tokens are locked up.

How to Mine Helium?

If you’re looking to start mining HNT yourself, you would need to purchase a miner. There are several companies that make Helium miners, but from what I gathered most of them were being sold on eBay with a huge markup, some priced at over $1000.

helium miners

How to Stake Helium?

When it comes to staking helium, you have 2 options. If you have over 10k HNT the best option is to just set up the validator node yourself on Digital Ocean or AWS.

The other option is for those that have under 10k HNT and don’t want to deal with the technical side of  setting up a node. Independent staking providers are available which offer competitive pricing on your HNT, and will handle all aspects of maintaining the node.

Helium Price & Tokenomics

At the time of writing Helium is trading at $45.9 dipping slightly below the $46 support level.

The big reason for HNT’s current bearish pressure is most likely due to the fact that Bitcoin and Ethereum are both struggling with momentum. It seems that no matter the news, BTC is still king when it comes to dictating bullish or bearish sentiment.

Helium’s market cap is a whopping $4.64B ranking it the top 45th largest cryptocurrency. With a circulating supply of 50%, my long term outlook on HNT is positive.

This is not trading or investment advice, always do your own research before buying any cryptocurrency.

Follow us on twitter @thevrsoldier to stay up to date with the latest cryptocurrency news!

 

Tags: helium
Previous Post

Loopring Price Continues Astronomical Rise, up 300% In a Week

Next Post

Shiba Inu Getting Ready for a Breakout to $0.0001

Related Posts

Market Analysis

Memecoin PEPE Set for Comeback in Bull Market

May 8, 2025
Solana On-Chain Metrics Signal Bearish Turn
News

Solana On-Chain Metrics Signal Bearish Turn

May 7, 2025
News

State Bitcoin Bills Collapse, NC Moves Ahead

May 6, 2025
Featured

Fartcoin Faces Risk as Momentum Slows Down

May 5, 2025
Solana Accumulation Phase: $100 Could Be It
News

Solana Accumulation Phase: $100 Could Be It

May 4, 2025
ripple
Featured

Ripple Lawyer Explains Legal Win

May 3, 2025

Press Releases

News

State Bitcoin Bills Collapse, NC Moves Ahead

by Jordan Avery
May 6, 2025

Introduction Florida’s once-ambitious attempt to weave Bitcoin into its treasury operations has ended with barely a ripple. The state's proposed...

Read more

Bitcoin After $97K: 3 Possible Paths

May 2, 2025
WLFI Raises $1B Backed by Trump What's Next

WLFI Raises $1B Backed by Trump What’s Next?

April 29, 2025

Bitcoin for $108K as Bulls Regain Control

April 28, 2025

TRUMP Bulls Eye $21 What’s Next?

April 26, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier