Helium (HNT) positions itself as a people-powered network to start a wireless revolution. The “people’s network” represents a paradigm shift for decentralized wireless infrastructure through the Helium blockchain. The network is currently live with over 462,000 hotspots, being the fastest growing wireless network. Moreover, it makes the concept of mining cryptocurrency more accessible to everyone, as anyone can install the necessary hardware at home or in an office.
Helium is a decentralized wireless network using low power smart devices (IoT) to transmit and receive data to and from the internet. Miners purchase a Helium Hotspot to use RF radio signals to provide coverage in return for payment in Helium tokens.
Helium (HNT) has been falling since reaching an all-time high price on November 7. The downward movement continued until January 22, when the token reached a low of $19.70.
This seemingly caused a breakdown below the $26 horizontal area, which had previously acted as the all-time high resistance level. However, HNT reclaimed this level shortly afterwards and is now in the process of validating it as support (green icon).
The overall social media sentiment toward Helium seems rather positive. Community members are to show off their mining setups and tricks to cover the largest possible area. The project’s subreddit has a lot of viable information and is home to many conversations regarding the hardware side and how earnings have evolved in recent months.
Moreover, there seems to be genuine excitement regarding how much money users can make, depending on their location. Some make as much as $50 per day, which makes it a decent passive revenue stream. Others may earn less than that, as it depends on where one lives, the coverage quality, and how many devices connect.
