Price Prediction: How Valuable is Helium in 2023 as an Investment?

Among its many uses, Helium has two main ones. The first is to recognize Helium Hotspot operators for their efforts in expanding and protecting the network. Second, Helium tokens can generate data credits (DCs).

As part of Helium’s Hotspot node platform, users can buy special mining devices and receive rewards based on their contributions. You will receive HNT as a reward. We know helium as ‘The People’s Network’; because it offers a complete wireless infrastructure driven by decentralization for a completely new wireless economy.

Are you a crypto investor wondering what the Helium price forecast in 2023 is? How valuable is Helium in 2023 as an investment? Does it make sense to buy Helium? Here are our Helium price predictions for HNTs over the next few weeks.

Is Helium Crypto Worth Investing In?

The USD rate for Helium as of January 18, 2023, is $3.15, down 3.15% over the last hour. Helium (HNT) is trading for $6,965,861.00 with a market cap of $431,267,984. This ranking shows Helium (HNT) stands at 78 in the cryptocurrency market.

The current value of the crypto has decreased -by 1.07% in the last 24 hours. As you can see, the HNT’s market cap is also down compared to yesterday. Based on the price fluctuations of Helium at the beginning of 2022, crypto experts expect the average HNT rate in January 2023 to be $3.25. 

One can expect its minimum and maximum prices to be $2.94 and $3.34, respectively. By February 2023, Helium’s price is expected to reach a minimum of $3.25. Prices could reach a maximum of $3.50 throughout the year.

Helium: How it Works

With Helium’s proof of coverage (PoC) technique, miners earn HNT (Hyperium’s coin), similar to how Ethereum’s ETH rewards miners for validating that hotspots deliver wireless coverage to devices.

Helium miners ensure that wireless hotspots aren’t lying about their service by using radio waves to ‘interrogate’ them about their activity. Similar to how Ethereum uses graphics cards to crunch cryptographic hash codes that provide proof of work.

Using blockchain technology, Helium connects wireless IoT devices through nodes serving as hotspots. When Hotspots transfer data across the network, the native token HNT is paid out.

There are over 25,000 devices distributed across the globe, with over 80% coverage in the US. A recent announcement about expanding to Asia and Europe will attract more investors and market participants.

What Makes Helium Crypto an Attractive Investment

Helium relies on low power efficiency and effectiveness to connect devices on the Internet of things. Furthermore, Helium supports HNT staking, allowing users to reap the benefits of their involvement in the network.

Three Reasons Make Helium a Good Investment

• HNT is a deflationary currency, which means it has a limited supply. As Helium grows, the demand for Helium products and services will only increase. 

• The decentralized nature of Helium also makes it less susceptible to hacking or fraud. With a team of experienced developers and advisers, Helium naturally stands a high chance of succeeding.

• Last but not least, Helium is planning to launch some innovative products and services soon, which could boost the value of HNT by a significant amount.

What is the Future of the Helium Coin? 

Because Helium solves a real problem with its technology, the team believes their coin is on the verge of great success. Further, Helium has partnered with some major companies, and new products are on the way. 

A major obstacle to price forecasting is the volatility of the crypto market. But InsideBitcoins.com does its best to predict future price points accurately. Predicting is not the same as financial advice; we recommend “do your research (DYOR).”

More Reads

Where to Buy Ethereum (ETH)

Best 5 Ethereum Wallets

Most Energy Efficient Cryptocurrency Tokens to Buy

FightOut (FGHT) – Newest Move to Earn Project

• CertiK audited & CoinSniper KYC Verified
• Early Stage Presale Live Now
• Earn Free Crypto & Meet Fitness Goals
• LBank Labs Project
• Partnered with Transak, Block Media
• Staking Rewards & Bonuses