Helium refers to itself as a “decentralized network with devices based on the Internet of things (IoT).” This Helium price prediction explores the project details, the scope, and market price movement in the year 2022 and beyond.
Amir Haleem, Shawn Fanning, and Sean Carey incepted the company back in 2013 when the Web3 and cryptocurrency sphere were still a new concept. The 2007 high had already been observed, and the industry was booming; Helium was well received to the point that more than 14 businesses adapted the technology along with Helium, SalesForce, and Line. The startup then hit a snag when major cloud-based software companies denied collaboration owing to the uncertain future of blockchain technology back in the day; electric scooter rentals followed suit.
Helium’s success in the world of the Internet of Things (IoT) depends on the number of networks and devices connected to its nexus, and although a worthy technological advancement, the startup didn’t get enough traction in its early days to be as big as Ethereum is today.
Helium (HNT) Fundamental Analysis
There aren’t many blockchain startups working on IoT, and Helium is among the top few. The project leverages Blockless technology along with the Tangle network to connect the IoT devices to its nexus. The newly incepted consensus mechanism, Proof of Coverage, speaks of the project’s dedication to bringing new advancement and enhancement in the IoT sphere. The specially devised PoC consensus mechanism used the Honey Badger Byzantine Fault Tolerance (BFT) protocol as the backbone. The PoC mechanism enables Helium to allow agreement between network nodes with varying connection rates.
Node operators are responsible for managing the nodes or Hotspots that comprise the network. Node operators are essentially HNT holders forming a community of HNT owners to derive blockchain decentralization and build trust. Community members from across the globe come together through their IoT devices to maintain the blockchain network. HNT users can earn the currency through mining or by owning hotspots.
The network operates on radio frequencies, which are periodically validated after every 240 blocks on the Helium nexus. Challengers are responsible for validating the frequencies while the process shifts the verification challenge to the transmitting nodes. The third layer of nodes, dubbed the Witness nodes are responsible for verifying the authenticity of the challenge put forth.
The process pretty much defines the details of the Proof of Coverage consensus mechanism where the Challengers put forth the challenge to verify a radio frequency; the Transmitter acts as the first level verification, and the Witness finally closes the verification after verifying the authenticity of the challenge. The rewards are distributed based on the network validation position one holds, while non-exchangeable Data Credits are also disseminated to be used as gas fees.
Although the Helium blockchain depends on miners for the security and sustainability of the network, just like the Bitcoin blockchain, Helium does not operate on the Proof of work (PoW) consensus. However, the blockchain leverages the BFT variation of the PoW concepts in addition to the PoC-based operation necessary for its coverage and security of the protocols. Although, unlike other blockchains nodes, Helium has another dependability. The very nature of the blockchain and IoT using radio frequencies require the mining equipment of each node to be placed at least 300 meters from the other to ensure optimal performance and no interference.
Helium miners can get their mining gear and equipment from the official Helium website, which would allow them to plug into the Helium PoC mechanism-based blockchain network. Miners are required to establish their frequencies to enter the network, and now that the IoT sphere is expanding rapidly, Helium is also expected to grow significantly.
The @Helium Network is now at..
… and growing.
— Helium (@helium) August 24, 2022
Helium blockchain nexus is certainly driving a revolution in the blockchain for the IoT arena that drives not only the cryptocurrency sphere but also the IoT-based solutions for the global population. While users can earn the native HNT cryptocurrency, being part of the network, they also enable various solutions in agriculture, smart cities, environment monitoring, supply chain, and safe water monitoring areas. The beauty of it all is the fact that powered by much smaller battery-based devices; the electricity usage is also comparably lower than conventional blockchains.
Helium has recently jumped onto the 5G bandwagon as well, making it one of the fastest IoT-based blockchain networks across the globe. Although users can still connect through the less secure WiFi technology since the blockchain security protocols are able to keep it secure, the blockchain network has a much higher rate of delivery than a WiFi network as it is.
The contribution of usefulness, technical ability, and project relevance adds value to Helium. Most people view Helium’s intrinsic value as a result of its practicality and technology. Mining is made with just a basic gadget available at Helium and 5 Watts of power. This happens through a protocol that was specially developed to provide a connection at lower power levels. In this way, the Helium network promotes the connections between devices and operates efficiently.
Helium (HNT) Price Analysis
The Helium price on August 26, 2022, is $6.53, with a trading volume of $13 million and a market cap of $815 million. It is ranked number 55 according to CoinMarketCap. It has 124.76 million HNT tokens in circulation out of a total of 223 million HNT coins. It can reach heights of the price at a faster rate in upcoming years.
Helium Price Prediction – Crypto Academy
We have predicted the possible range prices of Helium from the year 2022 to 2030, based on their best features.
Helium Price Prediction 2022
In 2022, The expected price of Helium can reach a minimum level of $6, with an average price of $7. The Helium price might hit a maximum level of $8 through the popularity it gained for being one of the few blockchains using IoT.
Helium Price Prediction 2023
For 2023, we predict the price of Helium to reach a minimum level of $7 and an average level of $9. The expected maximum price is $11 in 2023 by using blockless technology to connect devices to IoT.
Helium Price Prediction 2024
Our predictions for 2024 say that the price of Helium might reach a minimum level of $8, with an average trading price of $10. The Helium price can reach a maximum level of $12 due to its specially designed Proof of coverage mechanism.
Helium Price Prediction 2025
We forecast the price of Helium to hit a minimum level of $10, with an average price of $13 throughout 2025. The Helium price might have a maximum level of $16 by making an agreement between network nodes irrespective of varying connection rates.
Helium Price Prediction 2026
We expect the minimum possible price of Helium to be $12 in 2026. The Helium price may hit a maximum level of $22 with an average level of $17, while they provide a more functional and decentralized infrastructure of the network.
Helium Price Prediction 2027
We anticipate the price of Helium to be around a minimum value of $14 with an average trading value of $19 throughout 2027. The Helium price value can reach a maximum of $26 by incentivizing the users to run nodes and contributing to the network operations.
Helium Price Prediction 2028
In 2028, we expect the price of Helium to reach a minimum level of $15 and a maximum level of $30 by rewarding users with HNT for maintaining and securing the network. The Helium price can hit an average trading price of $22 throughout 2028.
Helium Price Prediction 2029
We anticipate the price of Helium to reach a minimum level of $18 in 2029. The Helium price can reach a maximum price value of $43 with an average value of $30 as their mining equipment makes the users mine more effectively with lesser electricity consumption.
Helium Price Prediction 2030
In 2030, we expect the price of Helium to reach a minimum value of $24 and a maximum level of $64. The average trading price of Helium can be $48 as the owning community of HNT helps in building a globally trustful and decentralized network.
Helium Price Prediction – Market Overview
Following are the Helium price predictions as projects by some of the authoritative cryptocurrency analysis websites.
PricePrediction.net analysts and experts have anticipated the maximum possible price of Helium to be $11.60 in 2022. Within the same time, an average possible price of $10.56 is expected. For the next five years, they have estimated the price of the token to hit the $52.34 mark easily. Its price can continue to grow to the maximum price of $388.02 by 2030.
Digital Coin Price
Digital Coin Price experts predict the lowest and highest Helium prices to be $8.72 and $33.82 in the future. Within a year, the price of Helium can be $8.72 to $10.22, with insignificant growth. Three, four, and five years from now, the prices might reach $10.52, $11.90, and $17.27. During the next six and seven years, the price could be $21.04 and $26.72, respectively.
Coin Codex analysts have forecasted the Helium price to stand between $11.35 to $19.67 in 2024 and from $14.53 to $43.64 in 2025. By the end of 2026, the price can stay between $18.60 and $96.80. Hence the profit made during the years 2024, 2025, and 2026 can be 219.34%, 608.40%, and 1,471.45%, respectively.
Tech News Leader
Tech News Leader experts expect the Helium price to be $15.25 within the year. The price of Helium can hit an average level of about $44.12 in five years. During the next ten years, there is a significant chance that the price of Helium to hit $311.75. They expect the minimum possible price to be $301.33 in the next eight to ten years, while the maximum possible value can be $350.42.
Wallet Investor analysts consider Helium to be a nonprofitable investment in terms of returns. The price might fall to $0.924 by the end of 2022 and $0.320 by the end of years 2023. The prices might reach $0.591 and $0.448 by the end of 2024 and 2025. In 2026 and 2027, the maximum possible price can be $0.376 and $0.153.
How to Buy Helium (HNT)?
Helium is one of the cryptocurrencies that are available on Coinbase, and you can attain them by exchanging them with ETH.
Step 1: Login/Create an Account
Open the Coinbase app on your iOS or Android device and create or log in to an account first. Please review their privacy and user agreements. You must fill in all the required fields to make an account, including your name, an active email address, a strong password that is simple to remember, and your country. They also ask for evidence of your whereabouts.
Step 2: Select a payment method
Choose a payment option to add fiat money to your account (such as US dollars). You can employ any of the techniques that Coinbase offers in your region. Utilizing a credit or debit card is typically the quickest way to precede the process, but it is costly. Although they are inexpensive, bank transfers are generally slow.
Step 3: Set Up a Wallet
The next step for obtaining Helium is a self-custody wallet, such as Coinbase Wallet. Both browser extensions and mobile apps can use it. Open your Coinbase wallet by downloading the app or doing so in your browser. To send the cryptocurrency, other users of the Coinbase wallet must use your special login. To access your account, you also require it. Additionally, it sends 12 arbitrary words as recovery phrases that serve as the key to the crypto.
Step 4: Buy ETH
The following step is to use your coinbase account to buy Ethereum (ETH). Enter the amount of ETH you want to buy using fiat money. Create a payment schedule for transaction expenses as well, as these can vary depending on the demand on the network, the type of transaction, and the payment method you choose.
Step 5: Transfer ETH to Coinbase Wallet
Sending ETH to your Coinbase Wallet is the next process. To connect your Coinbase wallet to Coinbase, go to the settings page and tap the connect option. Follow the directions exactly to complete this process. To move your cryptocurrency from your Coinbase account to Coinbase Wallet, select “Buy or Move” from the Coinbase Wallet settings on your mobile device. Choose the cryptocurrency “ETH” and enter the amount you want to send to the wallet. Tap continue and follow their instructions to send your ETH to your wallet.
Step 6: Buy HNT
You are now ready to buy HNT. On a mobile device, you can attain this through the Coinbase wallet app. Click the “Trade” button to convert ETH into an Ethereum-based token supported by Coinbase. The “Select Coin” button can then be used to select the Helium token. To confirm the purchase and finish the deal, simply carry out the simple instructions that appear on the screen.
Users must click the “Convert” button after opening the page while using the Coinbase Wallet plugin. When you find it, enter the amount of ETH you want to exchange for Helium and leave the remainder for transaction costs in the search bar. According to the directions on the screen, confirm the purchase.
Frequently Asked Questions (FAQs)
Is Helium a Good Investment?
Yes, Helium is a very good investment in innovating with IoT devices.
Can Helium Reach $100?
No, Helium cannot reach $100 in recent years at the present pace.
Where to Buy Helium?
If you want to buy Helium from a reputed cryptocurrency exchange, you can use Coinbase, Binance, BTCEX, OKX, Deepcoin, and Bybit.
- Helium refers to itself as a decentralized network with devices based on the Internet of things (IoT).
- The company was released in 2013 by three co-founders, Amir Haleem, Shawn Fanning, and Sean Carey.
- The technology became so popular suddenly that Helium itself, along with Salesforce, Lime, and fourteen other businesses, employed the same technology.
- Helium is necessarily crucial for linking devices through the worldwide nexus of the Internet of Things.
- Helium flourishes the moniker “The People’s Network” with a worthy technology for making the process of generating and distributing radio frequency on wireless devices effortlessly for consumers.
- Helium is a very good investment in innovating with IoT devices.
- In 2022, The expected price of Helium can reach a minimum level of $6, with an average price of $7.
- In 2030, we expect the price of Helium to reach a minimum value of $24 and a maximum level of $64.
- No, Helium cannot reach $100 in recent years at the present pace.
- If you want to buy Helium from a reputed cryptocurrency exchange, you can use Coinbase, Binance, BTCEX, OKX, Deepcoin, and Bybit.
Disclaimer: The information provided on this page is most accurate to the best of our knowledge; however, subject to change due to various market factors. Crypto-Academy encourages our readers to learn more about market factors and risks involved before making investment decisions.
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