20 % increase in the hot points of the Internet of Things

In the fourth quarter, the original symbol in Helium, HNT, witnessed a 20 % decrease in the quarter (QOQ) in the traded market value, as it decreased from $ 1.3 billion to $ 1.0 billion. The price of the distinctive symbol decreased by 22 %, as it decreased from $ 7.54 to $ 5.88.

Although the market shrinkage, the helium network continued to expand.

Growth in the adoption of the hot point

According to Massari a reportHelium Mobile witnessed that the number of hot points grows by 14 % of QOQ, reaching 24800 out of 21800. Unlimited Helium Mobile plans remain much cheaper than the three model numbers costs of American telecommunications.

The service also provided Discovery’s setting feature, and the HNT user bonus to share site data. However, since February 4, these incentives have turned into cloud points, a change that is expected to be more detailed in the Q1 report.

In addition to the growth in adoption, Helium Mobile showed its benefit during Hurin Hellin in North Carolina at the end of September. Messari revealed that while the catastrophe left many without electricity and water, the hotspots of the Hillium remained working, providing 5G coverage. The team also distributed emergency groups, including Starlink devices, to support affected societies.

The Internet of Things in Helium also expanded in the fourth quarter, where hot points grow by 20 % of QOQ. Since the network was deported to Solana in early 2023, 33,000 hot points were placed on board, and several thousand players have contributed to it. This total number of hot points is raised to more than 375,000, up from 342,000 before migration. However, although infrastructure growth was fast, the demand has not yet coincided with the offer, according to the results of the data analysis company.

Data balances (DCS) are used to cover the navigation fee – such as the cost of $ 10 to score a hot point – but the use of data transfer is still low, with daily capital burns limited to a few hundred dollars. As a result, the helium has succeeded in spreading the infrastructure to connect Larawan, but has not generated a large demand for the network.

Previous differences

The founders of helium and his colleagues are claimed that they have stored a large part of early symbolic rewards. According to the Cryptopotato report in 2022, it was claimed that the people were millions of distinctive symbols of HNT, worth $ 250 million at its peak, while leaving the audience with a small part.

During the same period, helium faced a violent reaction after the lime claim, Rideshare, as a main customer. Helium stated that Lim used his service to collect electronic programs. The partnership was highlighted on its website and in media coverage. However, Russell Murphy, director of global communications at Lyme, explained that the relationship is limited to the 2019 test.

Before that, Salesforce GIANT GIANT SALESFORCE also refused any partnership, prompting Helium to remove her slogans.