Helium price analysis: Is HNT worth investing in after the Dish Network partnership?

on Oct 27, 2021
  • Helium has partnered up with Dish Network.
  • This is intended to expand the crypto-based distributed 5G platform.
  • HNT has the potential to increase in value as a result.

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Helium HNT/USD is a decentralized blockchain-powered network intended for Internet of Things (IoT) devices. 

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This project was launched in 2019, and the mainnet allowed for low-powered wireless devices to communicate with each other and send data across the network of nodes.

The Dish Network partnership as a catalyst for growth

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On October 26, Helium announced on their official Twitter Page that they had taken a huge step for Helium 5G with the announcement of a new partnership.

This partnership is with Dish Network, which is the first major carrier to join The People’s Network, and expand its coverage with customers deploying 5G Hotspots.

Thanks to the user-run wireless network, Helium made a significant step towards greater adoption. 

According to this announcement, the partnership will offer Dish Network Subscribers the opportunity to run Helium nodes, where they can earn HNT token rewards for sharing their 5G wireless service with those in the area.

This was made possible due to a community vote that took place in April, which approved the addition of a second 5G capable network through a partnership with FreedomFi.

This will, in turn, allow Helium to support smartphones, laptops, and tablets.

Should you invest in Helium (HNT)?

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On October 27, Helium (HNT) had a value of $23.

To get a better perspective as to what kind of value point this is for the token, we will be comparing it to it’s all-time high value as well as its performance in September.

HNT had its all-time high on August 23, where the token had a value of $26.43. At its all-time high, the token was $3.43 higher in value or by 14%.

In terms of the performance in September, the token had a value of $25.12 on September 6, which was its highest point.

Its lowest point of the month was on September 29, where the token fell to a value of $16.72.

Here, we can see that the token fell in value by $8.4 throughout the month, or by 33%.

However, from September 29 to October 27, we can also see that the token increased its value by $6.28 or by 37%.

With this in mind, the HNT token has the potential to reach $30 by the end of November, making it a solid investment.

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