HNT Price Predictions
What's going to happen with HNT price? HNT - Helium Network Token - is the native cryptocurrency of Helium, a blockchain-powered network for the Internet of Things (IoT) devices.
The cryptocurrency is used to reward hotspot operators for their work. Hotspot operators are individuals running Helium hotspots, devices that provide wireless coverage for IoT devices.
According to Coinmarketcap, the HNT price is currently $3.92 and it is ranked the 79th largest cryptocurrency in the world, with a live market cap of $508,456,831 (9th December).
Like most cryptocurrencies, it has a max supply cap. Only 223 million of the coins will ever exist. There are currently 130,043,691 of them in public circulation.
HNT price history
HNT tokens first entered the crypto market in July 2019, each priced at $0.27. However, they were first recorded on Coinmarketcap on 8 June, 2020. At the time, each of them was worth $0.2735.
On 13 August, 2020, they began to trade above $1. The highest HNT price reached that year was $2.30, for a very short while. They ended 2020 trading at $1.30 each.
2021 was a good year for the tokens. They began the year priced at $1.30 each. By late January, they were already trading above $2. By the beginning of February, they had appreciated, trading above $3. For a few days in February, they traded above $4, ending the month worth $4.18.
By mid-March, they had begun trading above $6, then $7, then $8, ending the month at $10.50 each. They would continue to appreciate and begin trading above $20 on 19 August.
By 4 November, the cryptocurrency had begun trading above $30. For a few days, they traded above $40 and $50, but ended the year priced at $37.86 each. It is worth noting that 2021 was a good year for the entire crypto market. Plenty of cryptocurrencies experienced a bull run.
So far, 2022 hasn’t been the best of years for this cryptocurrency. It began the year at $37.90, later appreciated and traded above $40, but then dropped in price and ended the month at $27.84.
In February, the tokens appreciated for a few days to trade above $30, then dropped and ended the month priced at $25.73 each. They began trading below $20 in April. By 13 May, they were trading at $8.70. The last time they traded above $10 was 29 June.
Is HNT a good investment?
Several crypto prediction sites are hopeful about this cryptocurrency and consider it a good long-term investment option. Changelly predicts it might trade at an average price of $6.23 in 2023, $9.38 in 2024, $14.04 in 2025, $20.40 in 2026, $35.35 in 2027, $45.19 in 2028, $67.60 in 2029, $101.13 in 2030, and $152.76 in 2031.
CryptoNewz predicts HNT might trade at a minimum price of $7.20 in 2023, $13.50 in 2024, $18.40 in 2025, $21.00 in 2026, $22.90 in 2027, $28.70 in 2028, $35.80 in 2029, and $51.00 in 2030.
According to Priceprediction, the token might trade at an average price of $6.33 in 2023, $9.38 in 2024, $14.04 in 2025, $20.40 in 2026, $30.51 in 2027, $45.19 in 2028, $67.61 in 2029, $101.14 in 2030, and $152.78 in 2031.
Captainaltcoin also predicts a bullish future. According to the site, HNT might be worth $14.81 in 2023, $29.79 in 2024, $60 in 2026, $75.41 in 2027, $90.82 in 2028, and $106.23 in 2029.
Cryptopredictions predicts the tokens might begin 2023 trading at an average price of $5.994 and end the year worth $5.762. They might end 2024 worth $9.179, 2025 worth $11.44, and 2026 worth $12.595.
Compared, Changelly and Priceprediction seem to have similar HNT price prediction stats. Captainaltcoin, however, predicts a more promising future for the coins. Cryptopredictions does not predict as promising a future for the coins as the other crypto prediction sites.
It is worth noting that considering the volatile nature of the crypto market, the prediction stats are highly unreliable for investment decisions. However, they help give some indication of where this digital asset might head in the future.
How to get the tokens
There are two ways to get the tokens. Firstly, they can be bought across several crypto exchanges, including KuCoin, Binance, and Gate.io. Binance allows users to purchase the tokens with credit cards, bank deposits, and through several third-party payment channels.
The tokens can also be acquired by becoming a Helium hotspot owner. The devices provide wireless network coverage for IoT devices. They also help secure the Helium network. Once you buy, plug in, and run the hotspot devices, they start mining HNT. The devices are available for purchase online.
Considering the current price, HNT tokens have some work to do to return to their glory days or better. The coins have had their ups and downs. While some people might have lost hope, some prediction platforms encourage holding on a little longer for possible positive results.
Note that this is not financial advice, but the author's opinions. Before investing in any crypto asset, always take the time to do your own research.
Author: Jay Jackson
Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.