This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
What happened
As of 1:30 p.m. ET, Helium (CRYPTO: HNT) had surged 8.1% higher over the past 24 hours. Interestingly, at today's intraday high, this token surged nearly 15% over a 24-hour period, as momentum in this little-known crypto has picked up.
Currently No. 53 in the cryptocurrency rankings by market capitalisation, Helium is a decentralized blockchain project aimed at promoting integration between the Internet of Things (IoT) and the blockchain. It appears upcoming announcements tied to this project's "HeliumHouse" event on Sept. 20 in New York is driving speculative investor interest in this token.
At this event, it's expected Helium may provide community demos and various updates about the project's roadmap and growth prospects.
So what
Helium's focus on integrating blockchain technology with the high-growth area of IoT is compelling from a long-term perspective....
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