Announcing that it will switch to Solana (SOL) network in the past months, Helium Network (HNT) has gained nearly 50% in value in the last 3-day period. So what are the reasons behind the HNT rise?
Helium Network announced that it would switch to the Solana network in late September due to its inability to meet its scaling needs, and in the same period, many of Helium’s trading pairs were purchased by Binance. delist from spot transactions had been With such news, downtrend HNT entering into it, in a 3-day period $1.58from $2.40 rising up to 50% near experienced an increase.
These days when other cryptocurrencies are relatively inactive a decentralized communication network Why this rise of HNT, the native token of the Helium Network, investors living was a matter of interest.
Helium, which is claimed to release many NFT collections with its move to the Solana network, also “Helium Improvement Proposal” (HIP 74) is in the voting process. These two important developments are on the rise. is an important factor is stated.
According to CoinGecko data HNTreached during the day at the time the news was written. $2.40below the highest price $1.93traded from.
