good performer altcoin While ‘s are facing a healthy pullback after a solid rise, small-cap altcoins have become more investor focus. The price of Helium Mobile (MOBILE) increased by a strong 100% to $0.0070 in the last 24 hours. Similarly, transaction volume increased by 200% to $18 million.
Why is Helium Mobile Price Rising?
Helium Mobile It recently began offering unlimited mobile services nationwide for $20 per month. Koinfinans.com As we reported, current estimates show the mobile virtual network operator (MVNO) has reached around 8,000 subscribers. As part of the onboarding process, new Helium Mobile subscribers are given the option to earn ‘mapping rewards’ by sharing their phone’s session connection data with Helium.
If users agree, a non-fungible token (NFT) is minted in their Helium (Solana) wallet and holders of this NFT receive a proportionate share of $MOBILE matching rewards, which constitutes 20% of all $MOBILE rewards.
cryptocurrency In its terminology, Helium Mobile users can receive $MOBILE rewards, a form of cryptocurrency payment, by placing an NFT that supports location tracking on their phones. These mobile phones are equipped with access to a Helium cryptocurrency wallet running on the Solana blockchain platform.
Increasing Demand for NFTs
customers, NFTBy choosing to include , Helium helps identify where users congregate. This data is valuable to Helium Mobile. Because it allows the company to encourage users to set up hotspots in these areas, ultimately reducing MVNO network usage payments to T-Mobile.
Salvador Gala, co-founder of Escape Velocity Ventures, which invests in the decentralized web (DeWi) space, expressed his views on the Helium Mobile NFT issuance. According to Gala, a crypto tracking site shows approximately 8,000 buyers of Helium Mobile’s NFT, and this figure is believed to represent an accurate number of customers.
Another number, around 34,000 in total, includes people who have downloaded the app and opted into mapping but are not yet subscribed to a mobile phone plan. Gala also highlighted that a significant portion of Helium Mobile’s customers may have signed up when the $5-a-month services were available in Miami prior to the nationwide rollout of the $20-a-month services.