HNT price fell in double digits in the weekly and monthly time frame.

The downtrend created a FUD amongst the investors of Helium.

Helium price fell by about 50% in over a month, indicating an overpowering bearish trend in the HNT price action. The crash is attributed to the network confirming to delay its transition to Solana, pushing it back to April 18. While that decision was hard enough to shift investor sentiments, delisting of HNT from a leading exchange might have spread the wild fire.

The HNT delisting led to FUD and bulk liquidity outflows. This crash in HNT price induced panic sell-offs by investors, further pushing the price down. The delisting of HNT, prevents it from accessing large amounts of liquidity that would have otherwise been feasible, contributing to several reasons for a slow recovery.

HNT Price Analysis

Source: HNT/USDT by TradingView

HNT price crashed by 10.36% in the past week and 49.65% in over a month. The volume shows panic sell-offs made by investors. The falling HNT price may take support at $1.25 and plan for a future rally. The combined effect of delisting and delayed transition has pushed HNT price in bear territory.

The RSI moves about the 30-range to show sellers’ dominance in the market. The MACD moves displays positive divergence, recording buyer action, but can anytime turn negative as the lines are closely knitted. The bearish indicators hint at a delayed rectification on the downtrend. An uptrend is predicted near the transition, but the new date may witness a weaker rally.

HNT Dip by the End of 2023

HNT is currently valued at $1.36, marking an all-time low for Helium. If the price forms a rally, it may find a spot near $3.5, almost 2.5 times the current value. So if investors bought 100 HNT tokens at the trading price of $1.36, by the time prices reach $3.5, the investment will gain 2.5 times. The investment of $136, 100 HNT for $1.36 each, will value around $360. This will give an ROI of 164.71% over a year’s time.

Conclusion

Bears can hunt for HNT price dip, and wait for the rally near the shift to Solana. The current crash is a combined result of HNT delisting and delayed transition. The investors are provoked to execute a panic selling due to the continued fall in the price of Helium. The support near $1.25 could prove to be a solid support, and mark the commencement of a rally.

Technical levels

Support levels: $1.25 and $1.00

Resistance levels: $2.50 and $3.50

#HNT #Helium #Binance #crypto2023 #crypto

On March 17, Binance announced that it will delist Helium (HNT) and Tael (WABI) tokens from its platform. The delisting will occur on March 24, 2023, at 03:00 (UTC). Binance stated that it periodically reviews each digital asset it lists to ensure that it continues to meet the high level of standard expected. When a coin or token no longer meets this standard or the industry changes, it conducts a more in-depth review and may potentially delist it.

Several factors were considered for the delisting of the tokens, including the commitment of the team to the project, the level and quality of development activity, trading volume and liquidity, stability and safety of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, and contribution to a healthy and sustainable crypto ecosystem.

According to the announcement, Binance will delist and cease trading on all trading pairs for the HNT and WABI tokens. The exact trading pairs being removed are HNT/BUSD and WABI/BTC. All trade orders will be automatically removed after trading ceases in each respective trading pair.

The exchange has also suspended deposits of HNT tokens starting from March 25, 2023, at 03:00 (UTC). Deposits of HNT tokens after this time will not be credited to users’ accounts, and recovery will not be supported. However, Binance will support the Helium (HNT) contract swap on the Solana (SOL) network. Withdrawals of HNT tokens will be suspended on April 17, 2023, at 03:00 (UTC), and will be reopened on April 21, 2023, at 03:00 (UTC).

Binance Futures has announced changes to the leverage and margin tiers of the USDⓈ-M HNTUSDT Perpetual Contract, effective March 17, 2023, which will impact existing positions. Traders are advised to adjust their positions and leverage before the update to avoid the risk of liquidation. The table shows the previous and new leverage and margin tiers for the contract. Binance Futures will automatically settle all positions and delist the contract on March 20, 2023. New positions will not be allowed starting from March 20, 2023. In volatile market conditions, Binance Futures may take additional protective measures without prior notice. The company expresses its appreciation for the support in building a transparent and sustainable crypto ecosystem.

According to a recent report by AZCoin News, Binance.US has disclosed that it will eliminate Helium (HNT) and JasmyCoin (JASMY) from its platform on March 21, 2023. In order to ensure that all listed digital assets meet industry standards, Binance.US conducts routine evaluations. While withdrawals will still be allowed, HNT and JASMY deposits will be closed on March 20, 2023. Additionally, HNT/USD, HNT/USDT, JASMY/USD, and JASMY/USDT trading pairs will be removed on March 21, 2023.

#Binance #HNT #WABI #Helium #azcoinnews

This article was republished from azcoinnews.com

Tokens tied to Dogecoin-funded DOGE-1 satellite jump ahead of SpaceX launchTwo tokens tied to space logistics and energy company Geometric Energy Corporation are jumping ahead of its mission to put DOGE-1, a Dogecoin-themed satellite, into orbit around the moon.The launch is scheduled for Jan. 12 aboard a SpaceX rocket from the Kennedy Space Center in the U.S.GEC, a token issued by the company, has more than quadrupled in the past week. Another token, XI, which is said to be used to pay for ads displayed on the satellite, has climbed 36%. Together they have a market capitalization of just over $30 million and more than 6,000 individual holders, on-chain data shows.Geometric Energy announced the DOGE-1 satellite in May 2021 as the payload of a SpaceX Falcon 9 rocket originally scheduled for 2022. The mission has been paid for entirely in Dogecoin (DOGE) – a dog-themed meme coin that enjoys SpaceX founder Elon Musk’s vocal backing.SpaceX has since received the requisite regulatory approvals to clear the launch, finally bringing DOGE-1 a step closer to reality, according to Geometric Energy founder Samuel Reid.DOGE-1 is one of the two dogecoin-related missions planned in the coming months.Earlier this month, Dogecoin developers said a physical dogecoin token could reach the moon in a space payload mission planned by Pittsburg-based firm Astrobotic. The mission is planned for Dec. 23 and carries 21 payloads from governments, companies, universities, and NASA’s Commercial Lunar Payload Services (CLPS) initiative.Cryptocurrency is a form of digital money that uses blockchain technology to ensure its security, transparency, and decentralization. Cryptocurrency has been gaining popularity as a payment method in Europe, as it offers many advantages for both consumers and merchants, such as:Lower fees: Cryptocurrency transactions do not involve intermediaries, such as banks or payment processors, that charge fees for their services. This reduces the cost of sending and receiving money, especially across borders.Faster speed: Cryptocurrency transactions are processed by a network of computer nodes that verify and record them on a shared blockchain ledger. This eliminates manual verification and approval, which can take days or weeks for traditional payment methods. Cryptocurrency transactions can be completed in minutes or seconds, depending on the network congestion and the transaction fee.Greater privacy: Cryptocurrency transactions do not require personal or financial information, such as name, address, or card number, to be shared with third parties. This protects the users from identity theft, fraud, or data breaches. Cryptocurrency transactions are also pseudonymous, meaning they are linked to a unique code, called an address, rather than a real identity.More control: Cryptocurrency users have full ownership and control over their funds, as they are stored in a digital wallet, a software or hardware device that allows them to send and receive cryptocurrency. Users do not need to rely on third parties, such as banks or payment providers, to access or manage their money. Users can also choose the level of security and convenience for their wallet, such as using a password, a PIN, a fingerprint, or a recovery phrase.However, cryptocurrency also faces some challenges and barriers that limit its adoption and growth as a payment method in Europe, such as:Legal uncertainty: The rules and regulations regarding cryptocurrency vary from country to country in Europe, and sometimes even within the same country. Some countries, such as Germany, France, and Malta, have a more favorable and transparent legal framework for cryptocurrency. In contrast, others, such as Spain, Italy, and Greece, have a more restrictive and ambiguous one. This creates confusion and inconsistency for consumers and merchants, who may not know the legal status, tax implications, or consumer protection of cryptocurrency in their jurisdiction. #DOGE #BTT #HNT #binanceSquare #BinanceFeed.