Helium crypto is trading 14% higher today as enthusiasm for its proposed migration to the Solana blockchain picks up steam.
Currently priced at $4.92 on CoinGecko, HNT has seen trading volumes surge 164% to $182 million in the past 24 hours.
Helium is building a decentralised wireless network but the bold vision hasn’t been matched by product development progress.
Part of the reason for that may be the real practical difficulties of rolling out a network that can at minimum connect hundreds of thousands, if not millions, of Internet of Things (IoT) devices without problematic latency issues.
The initial news that the project had finally settled on a solution to those difficulties through the proposal to adopt the high throughput Solana blockchain was initially greeted negatively.
Helium token price has been trading in an acute descending channel since early August, but that started to turn around yesterday and today.
Is Helium stepping back from blockchain tech for its core product...
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