Helium Price: Understanding HNT Price, Trends, Updates, and Insights

Get the latest insights on Helium (HNT) price, trends, trading volume, market cap, and updates. Understand factors affecting HNT value and stay informed.

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About helium

Helium is a decentralized wireless network designed to provide connectivity for Internet of Things (IoT) devices using blockchain technology. Its native token, HNT, powers the ecosystem, rewarding users for expanding and maintaining network coverage.

Coin Website

This coin is available on Newton.

What is helium?

The Helium Network's unique approach involves individuals deploying nodes, known as hotspots, that provide network coverage and earn HNT tokens in return. This enables a community-driven alternative to traditional wireless networks.

With a circulating supply in the millions, the amount of coins available affects the current price and the fully diluted market value of Helium. The network’s growth and the increasing number of hotspots have made HNT an attractive cryptocurrency.

The helium price chart reflects its journey, showing fluctuations tied to market trends and the network’s adoption rate. As demand for IoT connectivity grows, so does interest in Helium's innovative ecosystem.

Overall, Helium is transforming how data travels across devices by leveraging blockchain, enabling efficient and scalable connectivity solutions for IoT applications.

Frequently asked questions

How does helium work?

Helium works by allowing users to set up nodes, or hotspots, that provide network coverage for IoT devices in exchange for HNT tokens. These hotspots use low-power, long-range radio signals to transmit data across the Helium Network.

The network uses proof-of-coverage, a system that verifies if hotspots are genuinely providing coverage in their claimed location. Other nearby nodes challenge and confirm the coverage, ensuring the integrity of the network.

As IoT devices connect and send data across the network, hotspots earn rewards in the form of the native token HNT. This incentivizes users to contribute to expanding and maintaining the network.

Helium also incorporates Data Credits, a tool for paying for network usage, which are tied to the burning of HNT, supporting the token’s value. The helium price chart often reflects activity levels and the utility of these credits.

Through this decentralized model, Helium delivers a reliable and cost-effective alternative to traditional connectivity solutions, fueling the growth of IoT applications worldwide.

What are Helium markets?

Helium markets are platforms where Helium (HNT) can be traded for other cryptocurrencies or fiat currencies. Here's a breakdown:

  • Helium markets allow users to buy, sell, and track the value of HNT in real-time.
  • These markets offer liquidity for Helium, where coins that are circulating are exchanged between traders.
  • The value of Helium can fluctuate depending on market demand, technological advancements, and investor sentiment.
  • Investors can track live price updates and trends on platforms like Newton.

How is Helium related to crypto?

Helium is a cryptocurrency that uses blockchain technology to power a decentralized wireless network for IoT devices. Here's its connection to crypto:

  • Helium operates on its own blockchain, using the HNT token as its native cryptocurrency.
  • Just like other cryptocurrencies, Helium’s supply is finite, and it has a specific number of coins that are circulating, with new coins being mined over time.
  • For those who are new to crypto, Helium provides an opportunity to earn HNT by operating Hotspots that support the network.
  • As with most cryptocurrencies, Helium's value is influenced by market demand and investor participation.

What are some similar coins to Helium?

Several coins share similarities with Helium in terms of technology or purpose. Here’s a list of coins that are similar:

  • IOTA: Like Helium, IOTA is focused on IoT connectivity but uses a different protocol called the Tangle.
  • Siacoin: Decentralized cloud storage, similar to Helium’s approach to decentralized wireless networking.
  • Filecoin: A decentralized storage network, offering services in the same spirit as Helium's decentralized infrastructure.
  • The Graph: A decentralized indexing protocol, also based on blockchain technology, similar to Helium in its decentralized approach.

How many Helium (HNT) coins exist in the lifetime of the network?

Helium (HNT) has a finite supply of coins that will eventually reach a maximum limit. Here’s what you need to know:

  • The total supply of Helium (HNT) is not infinite, and there is a cap on the total number of coins that can be mined.
  • New Helium coins are generated through mining and Hotspot operation, but the total number of coins that exist in the lifetime of the network will eventually be capped.
  • The number of coins that are circulating affects the overall market capitalization and price of HNT.
  • Investors should track the supply and inflation rate of Helium to understand its long-term value.

What are the potential uses of helium?

Helium provides network coverage for various IoT applications, ranging from smart agriculture to asset tracking. In agriculture, sensors can monitor soil health, temperature, and moisture levels across expansive farmland.

For logistics and supply chains, Helium uses its decentralized infrastructure to track the location and movement of goods, vehicles, or equipment. This is especially useful for maintaining transparency and efficiency in operations.

The network is also ideal for environmental monitoring, enabling devices to gather data about air quality, water levels, or weather conditions in urban or remote areas. Cities use Helium for smart applications like parking sensors and traffic management.

Wearable technology and pet trackers benefit from Helium’s low-cost connectivity, offering seamless data transmission without relying on traditional wireless providers. Developers and businesses find it easy to integrate Helium into IoT solutions.

With its scalable and efficient approach, Helium enables endless possibilities for IoT innovation, enhancing both consumer and industrial use cases.

What is the history of helium?

The history of Helium began in 2013 when Amir Haleem, Shawn Fanning, and Sean Carey co-founded the project with a vision to build a decentralized wireless network. All three founders brought unique development roles prior to Helium, combining their expertise to create something revolutionary.

Initially focused on IoT solutions, the Helium Network officially launched in 2019, introducing the proof-of-coverage system and its native token HNT. This mechanism allowed users to earn rewards by providing network coverage through hotspots.

Helium gained attention from prominent investors, including those excited by its potential to disrupt traditional telecom models. As the network grew, it shifted to open-source technologies, attracting a broader community of developers.

The helium price chart reflects the journey of HNT, from its initial release to becoming a widely traded cryptocurrency. The network's increasing adoption and the expanding amount of coins circulating contribute to its valuation and global growth.

Today, Helium continues to innovate under the leadership of its founders and community, driving advancements in IoT connectivity and decentralized infrastructure.

What is Helium, and how does it function as a blockchain-based cryptocurrency?

Helium is a blockchain-based cryptocurrency designed to support decentralized wireless networks and IoT communication through unique consensus mechanisms. Here’s how it operates:

  • Helium utilizes Proof-of-Coverage (PoC) to verify wireless coverage, decentralizing the network and ensuring reliable IoT connectivity.
  • Hotspot operators deploy coverage to earn rewards in Helium tokens (HNT), which are distributed as compensation.
  • Helium is a blockchain-based network that relies on decentralized wireless mining to connect millions of IoT devices globally.
  • Data Credits act as internal transaction fees within the Helium ecosystem, supporting network usage.
  • HNT tokens are mined and circulated in the market to maintain the network's decentralized operation.
  • The HNT price is influenced by market trends, circulating in the market, price history, and investor activity.

How are HNT tokens valued and traded in the Helium ecosystem?

HNT tokens play a key role in the Helium blockchain-based network by rewarding users, supporting network fees, and contributing to the marketcap. Here's how they are valued and traded:

  • The HNT price fluctuates based on market demand, 24-hour trading volume, and investor activity on crypto exchanges.
  • HNT tokens are tradable assets that are monitored in real-time through live price updates and live charts.
  • The total market value reflects the amount of HNT tokens circulating in the market and investor confidence.
  • Helium is valued based on the market cap, price live trends, and shares in the stock market influenced by blockchain demand.
  • Data Credits, derived by burning HNT tokens, affect the lifetime of the cryptocurrency by stabilizing market trends.
  • The price history shows that the HNT price has experienced fluctuations over time, influenced by investor behavior and market trends.
  • HNT today represents a dynamic price point based on trading activity in the last 24 hours and changes in market demand.

How do Data Credits support the Helium network and wireless IoT services?

Data Credits are a vital mechanism within the Helium ecosystem, allowing IoT devices to communicate securely and cost-effectively. Here’s their role:

  • Data Credits are generated by burning HNT tokens, reducing the number of coins circulating in the market and addressing market inflation.
  • They are used by IoT devices to send and receive messages over Helium’s decentralized wireless network, also referred to as live Helium.
  • Data Credits streamline wireless communication by offering a low-fee alternative for IoT data transfer within the Helium blockchain-based network.
  • Their usage supports millions of devices, enhancing the decentralized netwцork's scalability and efficiency.
  • They act as an internal payment system to ensure network stability and scalability without relying on traditional mobile carriers.
  • The total market value of Helium services depends on IoT devices leveraging Data Credits for secure communications.

What can you do with helium?

Store

To store Helium tokens, you can use secure options like a ledger hardware wallet or keep your HNT with trusted platforms like Newton. These options help keep your HNT safe and minimize transaction fees.

Stake

You can stake your HNT within the Helium mainnet to help maintain its blockchain-based network. This is a great way to reward Helium miners and support the network's reliability while earning rewards.

Spend

Some merchants are accepting Helium tokens as payment. Spending your tokens is seamless, affordable, and efficient thanks to the crypto prices and low fees.

Send

Helium transactions are affordable and fast, with low transaction fees. You can send HNT securely within the Helium ecosystem to peers or businesses anytime.

Donate

Many charities accept Helium for donations. These contributions are processed quickly and securely, ensuring funds are sent efficiently while maintaining transparency throughout the network.

Swap

Currently, Helium (HNT) swapping for other cryptocurrencies is not available on Newton. Please stay tuned for any future updates regarding this feature.

*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.

Where do I buy helium in Canada?

Direct Purchase

When you want to trade Helium (HNT) directly, you need to be cautious. Peer-to-peer transactions can be risky, as they might lead to scams or lost funds. It’s safer to stick with reputable and regulated cryptocurrency platforms to ensure security.

Newton makes buying HNT in Canada both safe and simple by offering access to over 70+ cryptocurrencies, including HNT. With features like real-time price tracking and secure crypto trading, Newton facilitates a smooth and informed trading experience.

Trade hnt with Newton.

Newton UI on web and iOS

Why you'll love trading helium on Newton

Some of the Best Prices in Canada

Newton offers competitive Helium pricing, making it an efficient choice for anyone looking to invest in this innovative blockchain asset. Whether you’re purchasing Helium or monitoring its market trends, Newton simplifies the process with fair rates and easy access.

Reliable Security

Newton prioritizes security with features like device approval, login activity monitoring, and anti-phishing codes to protect your Helium assets. Multi-Factor Authentication, the Security Checklist, and trusted contact management give you additional layers of defense to secure your investments.

Low-Cost Transactions

Newton makes it affordable to buy and sell Helium, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.

Works on Any Device

Access Newton’s Helium trading and management tools from any device—desktop or mobile. Whether you’re reviewing market data, storing Helium, or checking price trends, Newton helps you stay connected wherever you are.

User-Friendly Design

Newton’s intuitive and responsive platform makes trading Helium seamless for both new users and experienced investors. Whether you’re buying Helium, tracking price movements, or exploring blockchain opportunities, the platform is streamlined for a smooth user experience.

Proudly Canadian

Newton is a reliable Canadian platform focused on supporting Helium and other cryptocurrencies in the Canadian market. With a commitment to security, ease of use, and accessibility, Newton provides a seamless way to trade and interact with the Helium ecosystem.

How to get started with helium

Create an Account

The first step is to sign up with a regulated platform like Newton. This makes it easier to trade Helium and invest in HNT with trusted payment methods.

Fund Your Account

After registration, deposit Canadian dollars using Interac e-Transfer or wire transfer. These methods are fast, and simple, and allow you to buy Helium tokens directly.

Start Buying Helium

Once your account is funded, go to Newton, look for Helium tokens, and trade Helium at the current market rate. Newton provides live HNT price updates and allows you to monitor the HNT in circulation in real-time.

Select Helium From the List

Choose Helium from the list. Alongside prominent assets like Bitcoin and Ethereum, Helium could be a versatile addition to your portfolio, valued for its role in decentralized finance.

Choose the Amount You Want to Buy

Enter how much Helium (HNT) you want to buy. You can specify this amount either in Canadian dollars or in HNT tokens based on live market rates.

Finalize Your Purchase

Review the transaction details, confirm your order, and finalize the purchase. Once the transaction is complete, your HNT will be available in your Newton account and ready to use.

Trade hnt with Newton.

Newton UI on web and iOS

Where do I keep my helium?

Wallet

A personal wallet provides full ownership of your Helium tokens, with enhanced privacy and control. However, you’ll need to manage your private keys securely, as any mishandling or loss could compromise your funds.

You can manage your HNT securely in your Newton account! Newton provides advanced security options, including multi-factor authentication, login activity monitoring, and anti-phishing protections. You can also manage trusted devices and add trusted contacts, making it easier and safer to store and manage your Helium assets through Newton’s secure platform.

How to buy other crypto assets in Canada

Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.