Helium (HNT) Poised for 20% Rally, Can Bulls Break $9.85?
HNT, the native token of the Helium Network, is poised for a notable upside rally as it has formed a bullish price action pattern on the daily timeframe.
Over the past few days, while the majority of cryptocurrencies, including Ethereum (ETH), Solana (SOL), and XRP, appear to be struggling to rally, HNT has gained 30% in value following a recent decline.
Helium (HNT) Technical Analysis and Upcoming LevelAccording to expert technical analysis, HNT’s recent upside momentum has brought it to a crucial resistance level at $9.5. However, this marks the third time HNT has tested this level, and it appears to be weakening.
Based on recent price action and historical momentum, if HNT breaches this level and closes a daily candle above $9.85, there is a strong possibility that the asset could soar by 22% to reach the $12 level in the near future.
Despite a notable rally, HNT’s Relative Strength Index (RSI) currently stands at 65, which is below the overbought region, suggesting that the asset has enough room to continue its upward movement in the coming days.
On the positive side, the 200 Exponential Moving Average (EMA) on the daily timeframe indicates an uptrend, as it lies below HNT’s current price.
HNT’s Rising Open Interest
HNT’s technical analysis is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, HNT’s futures open interest has surged by 24%, reflecting traders’ strong interest and confidence in the token as it approaches a crucial breakout.
When combining on-chain metrics with technical analysis, it appears that bulls have entered the market and could support the altcoin in breaching the resistance level this time.
Current Price Momentum
Currently, HNT is trading near $9.47 and has experienced a price jump of over 13.10% in the past 24 hours. During the same period, its trading volume skyrocketed by 265%, indicating heightened participation from traders and investors driven by HNT’s bullish outlook.
#Helium #altcoin #Bitcoin #cryptocurrency #CryptoNews

The Helium trend reversal hit 112% within 10 days from the $3.470 low formation during the market crash last Monday. Will the increasing momentum in HNT’s recovery result in a 38% hike?

Read more on: https://thecryptobasic.com/2024/08/14/helium-hnt-skyrockets-112-in-10-days-bulls-eye-10/
#Helium #Crypto #CryptoPredctions #CryptoNewsDaddy #CryptoNews🚀🔥"

The world of cryptocurrency has seen a surge in venture capital (VC) investments in recent years. With the rise of decentralized finance (DeFi), NFTs, and Web3, crypto VCs are increasingly placing their bets on the future of blockchain technology. In this article, we explore the trends driving crypto VC investments, highlight their favorite upcoming projects, and offer insights based on available data. We'll also visualize some of the key trends with charts.
1. The Growing Role of Crypto Venture Capital
Crypto VCs play a crucial role in the development of blockchain technology, particularly as the industry grows more competitive. Venture capitalists help shape the direction of the ecosystem by funding innovative startups. These VCs are not just backing cryptocurrencies but also decentralized applications (dApps), Web3 protocols, decentralized finance (DeFi) platforms, blockchain infrastructure, and more.
In 2023 alone, crypto VCs invested billions into early-stage blockchain projects, looking for the next big disruption. While the crypto market as a whole has fluctuated, VC interest has remained high.
2. Crypto VC Trends in 2024
Some key trends driving the attention of crypto VCs in 2024 include:
Web3 and Decentralized Infrastructure: VCs are heavily backing startups working on Web3 infrastructure, which is aimed at decentralizing the web, reducing reliance on Big Tech, and putting control back into the hands of users. Key projects in this space include platforms for decentralized identity, storage, and cloud computing.DeFi Protocols: Decentralized finance continues to captivate investors, with protocols focusing on lending, borrowing, staking, and yield farming. Despite market fluctuations, DeFi is seen as a long-term transformative force in finance.Layer-2 Scaling Solutions: With Ethereum gas fees remaining high and network congestion still a concern, VCs are investing in Layer-2 scaling solutions like zk-rollups and Optimistic rollups. These solutions help to reduce transaction costs and increase throughput on Ethereum and other blockchain networks.Cross-Chain Interoperability: As blockchain ecosystems grow, so does the demand for interoperability. Projects that enable seamless transfers of assets and data between different blockchains are gaining traction. VCs are particularly interested in cross-chain bridges and protocols designed for multi-chain ecosystems.Gaming and NFTs: Blockchain-based gaming and NFTs have seen explosive growth, and VCs are showing strong interest in these spaces. GameFi (a combination of gaming and decentralized finance) and play-to-earn models have emerged as significant trends, with many projects seeking to onboard mainstream gamers into the crypto world.
3. Top Crypto VC Firms and Their Favorite Projects
Some of the biggest names in crypto venture capital include a16z Crypto, Sequoia Capital, Pantera Capital, Paradigm, and Coinbase Ventures. Let’s look at a few of their favorite upcoming projects:
a16z Crypto is well known for its large investments in Web3 infrastructure projects. Some of their recent investments include Optimism, a Layer-2 scaling solution for Ethereum, and Helium, a decentralized network for IoT devices.Sequoia Capital has been expanding its crypto portfolio, showing a particular interest in LayerZero Labs, a cross-chain messaging protocol, and Polygon, a popular Ethereum Layer-2 scaling solution.Pantera Capital has a diversified crypto portfolio, and one of its key investments is in 1inch, a decentralized exchange aggregator. They are also heavily invested in Injective Protocol, a DeFi platform offering cross-chain derivatives trading.Paradigm has supported innovative DeFi projects like Uniswap, a decentralized exchange (DEX), and dYdX, a decentralized derivatives exchange. They also have a stake in StarkWare, a Layer-2 scaling solution using zk-rollup technology.Coinbase Ventures has invested in a wide range of projects, including CoinTracker, a portfolio and tax tracking tool for crypto users, and Celo, a blockchain platform focused on making decentralized finance accessible via mobile devices.
4. Charts and Visualizations
Investment by Category (2024):

This chart highlights the primary focus areas of VC investments, with Web3 infrastructure and DeFi protocols leading the way.

VC Investments by Region (2024):

The data shows that while the U.S. and Europe dominate crypto VC funding, Asia is emerging as a significant player.

5. Potential Challenges and Risks
While the outlook for VC-backed crypto projects is positive, there are several risks and challenges. Regulatory uncertainty remains a major concern, particularly with the potential for stricter laws regarding DeFi and cryptocurrency taxation. Additionally, market volatility and technological limitations (e.g., blockchain scalability) pose risks to the long-term success of some projects.

Top Funded Crypto Projects (2024):
Line chart showing the amount of funding received by leading projects like Polygon, Optimism, Helium, and 1inch.\text{Line chart showing the amount of funding received by leading projects like Polygon, Optimism, Helium, and 1inch.}Line chart showing the amount of funding received by leading projects like Polygon, Optimism, Helium, and 1inch.
This chart illustrates the high level of funding going toward specific blockchain projects, especially those focused on scaling solutions and DeFi.
Conclusion:
The landscape for crypto VCs is rapidly evolving. As blockchain technology becomes more integral to the global financial system, venture capitalists will continue to play a pivotal role in shaping the future of crypto. The focus on infrastructure, scalability, and interoperability indicates that VCs are betting on the long-term growth of the ecosystem, rather than short-term speculative gains.
In 2024, we expect to see continued growth in VC investments, especially as more real-world use cases for blockchain and crypto emerge. Projects that solve scalability, improve user experience, and expand DeFi will likely be the key drivers of innovation.
#StarkWare #DYDX🔔 #Optimsm #Injective🔥 #Helium #1INCH

🌐 Get ready for a thrilling lineup of DePIN crypto projects making their way to Bullrun 2024-25. These projects are set to revolutionize the blockchain landscape and offer incredible opportunities for investors. 🌐
🧵 Exploring Top DePIN Projects and Their Native Tokens in this thread ⬇️🧵
1️⃣ The Graph (GRT): The Graph is a decentralized indexing protocol for organizing blockchain data. It allows applications to use GraphQL to query open APIs called subgraphs, enabling serverless applications on public infrastructure. The network consists of Indexers, Curators, and Delegators. #TheGraph #GRT
2️⃣ Akash (AKT): Akash Network is a decentralized cloud computing marketplace where users can rent out unused computing power. It uses a Proof-of-Stake blockchain, with AKT securing the network by staking and enabling holders to vote on network improvements. #AkashNetwork #AKT
3️⃣ Render (RNDR): Render Network is a peer-to-peer network renting out idle GPU power to content creators and AI applications. The RNDR token is used to pay for rendering jobs on the platform, ensuring secure and transparent transactions. #RenderNetwork #RNDR
4️⃣ Helium (HNT): Helium is a decentralized, blockchain-based wireless infrastructure project that incentivizes individuals and organizations to deploy wireless networks. HNT powers the network, while IOT and MOBILE tokens facilitate LoRaWAN and 5G networks. #Helium #HNT
5️⃣ Arweave (AR): Arweave provides permanent and sustainable storage for any type of file with a single upfront payment. It aims to solve long-term data storage issues, offering a global hard drive that never forgets. #Arweave #AR
6️⃣ Theta (THETA): Theta Network is a decentralized video delivery network powered by blockchain. It incentivizes users to share their bandwidth and computing resources, improving video streaming quality and reducing costs. #ThetaNetwork #THETA
7️⃣ Filecoin (FIL): Filecoin is a peer-to-peer network that stores files with built-in economic incentives to ensure reliable storage over time. Users pay to store files on storage providers, who prove they have stored them correctly. #Filecoin #FIL
8️⃣ Storj (STORJ): Storj is a decentralized file storage solution using encryption, file sharding, and a blockchain-based hash table for secure, fast, and private cloud file storage. #Storj #STORJ
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #STORJ #Filecoin. #THETAUSDT #Helium $RNDR $GRT $THETA

Helium: 25% rise imminent for HNT? 2 factors suggest

HNT could potentially surge by 25% to reach the $8.15 level if it closes a daily candle above the $6.50 level.Since the 20th of November, whales and investors have consistently been accumulating.
Helium [HNT] has remained stable during the ongoing bull run, even as major assets experienced notable upside momentum.
However, HNT’s daily chart signaled a potential upside rally at press time, attracting both investors and traders.
All eyes on Helium
After the formation of a bullish price action pattern, traders’ interest and confidence in the token appeared to have skyrocketed.
According to the on-chain analytics firm Coinglass, HNT’s Open Interest has surged by 8.5% in the past 24 hours and 4.7% in the past four hours.
This growing Open Interest suggests that traders have increased their positions as sentiment around HNT has shifted.
In addition to traders’ interest in the altcoin, investors and whales also appeared to be accumulating the tokens, as indicated by HNT Spot Inflow/Outflow data.
According to Coinglass, since the 20th of November, whales and investors have been consistently accumulating tokens, with HNT experiencing negative net flow.
Besides these bullish on-chain metrics, HNT’s chart also showed a bullish trend, indicating where the asset’s price may head in the coming days.
Upcoming levels
According to AMBCrypto’s technical analysis, HNT was on the verge of breaking out of a falling channel. At press time, its price was consolidating within a tight range near the upper boundary of the parallel pattern.
Based on recent price action, if HNT breaks out and closes a daily candle above the $6.50 level, it could potentially surge by 25% to reach the $8.15 level in the coming days.
Currently, market sentiment appeared bullish, with the altcoin trading above the 200 Exponential Moving Average (EMA) on the daily time frame.
Additionally, its Relative Strength Index (RSI) signaled a potential upside rally in the coming days.
On the daily chart, HNT’s RSI was at 52, near the oversold territory, indicating that an upside rally may be imminent.
At press time, HNT was trading near $6.25, after a minor price rise of over 1.25% in the past 24 hours. During the same period, its trading volume increased by 10%, indicating heightened participation from traders.
#Helium #HNT #AltcoinSeason #cryptomarket #CryptoNews

September started weak for the broader crypto market as it burned down 3% in favor of the bears. Despite this, Helium (HNT) continues to shrug off the fear, uncertainty, and doubt that plague the market environment. According to CoinGecko, HNT went against the market consensus, rising over 16% since last week — and outperforming the top 100 cryptocurrencies on Monday.
The Helium ecosystem boasts astonishing gains as it experiences continued and strong on-chain developments, several of which contributed to HNT’s short-term squeeze. The question is whether the token will continue to push through the bearish storm or succumb to the market’s will. 
A Strong Monthly Start For Helium 
Although the broader market remains exceedingly bearish, Helium in itself is performing well with multiple developments that support the ecosystem to flourish long-term.

One of the most vital is the passing of HIP-130, or the Data-Only MOBILE Hotpots, which enables data transfer only on non-certified devices on the network. On the eve of the voting period, a whopping 96% voted for the approval of the proposal, which will aid the platform to scale and cover a wider area to service customers. 
Helium also secured multiple partners throughout August as it continued to cement its position as a premier decentralized physical infrastructure (DePIN) solution. Sphere Labs, a crypto payment platform, partnered with the network which opened an avenue for Helium Mobile users to pay with crypto for their monthly bill on the platform. The two also launched a promo where users paying with crypto will get a month off on their subscriptions. 

Tesla owners can now experience the Helium Network through Dimo, a decentralized car network, as Tesla enabled direct integration with the former’s application, giving users the ability to monetize their data. It utilizes the Helium’s IOT network, sending data through Helium every 30 seconds. 
Network-wise, the mobile arm of Helium has a strong start with sign-ups peaking at over 122,00 new users. The Carrier Offload Beta was also a stunning success as it rocketed past 600,000 users, pouring over 16 terabytes of data through the program. 
Rejection Forces HNT On Narrow Trading Range
With the market’s hostile environment, HNT’s momentum will inevitably die off resulting in medium-term pain for holders of the token. The rejection of the $7.4 price ceiling left HNT bulls hoping for the return of bullishness in the broader market. 

HNT will stabilize between $7-$7.4 trading range leaving both bulls and bears with little wiggle room to maneuver. The token’s middling relative strength index (RSI) opens the opportunity for the bulls to create momentum in HNT’s current trading range. 
However, with little support from the broader market, the breakthrough rally will occur in the medium to long term instead of the short term. 
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#HNT #Helium