Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market
Helium (HNT) increased by 13% despite a bearish market, driven by ongoing on-chain developments. The recent passing of HIP 124, which introduces rewards for veIOT holders to enhance governance participation, received over 95% approval from users. This proposal aims to lower the financial barrier for governance, potentially increasing voter turnout. Helium Mobile's network has expanded, now covering 767 hotspots and attracting nearly 200,000 non-Helium subscribers. Despite recent bullish trends, HNT faces resistance at $8.689, with predictions suggesting it may drop below $7.455 in the short to medium term. The token's relative strength index indicates waning bullish momentum, and broader market conditions could significantly impact HNT's long-term gains.
