馃搱Helium Price Surges by 200%: Why is HNT Price Rising? 馃殌馃殌
Helium (HNT) is a decentralized network that started in 2019 and has shown impressive gains in the cryptocurrency market. It鈥檚 become one of the top performers. This rise in price is happening at the same time as Solana (SOL), which has increased by 56% in the last 30 days. This is good news for projects built on Solana鈥檚 network. Why is the HNT price rising? and how high will the Helium price go?
The circulating supply of Helium is currently 143.93 million HNT out of a maximum supply of 223.00 million HNT. With a yearly supply inflation rate of 7.78%, approximately 10.39 million HNTs were generated in the last year. Helium holds the 23rd position in the Ethereum (ERC20) Tokens sector by market cap and is ranked 38th in the Layer 1 sector.
Helium hit its peak value on November 12, 2021, at an all-time high of $55.17. Conversely, its lowest point was on May 29, 2020, at an all-time low of $0.200066. Since reaching the all-time high, the lowest price observed was $1.164490 (cycle low), while the highest was $5.80 (cycle high). The current sentiment for Helium鈥檚 price prediction is bullish, and the Fear & Greed Index indicates a score of 72 (Greed).
