Helium Revenue Hits $18.3M as HNT Jumps 4% Amid Market Downtrend

Helium (HNT) saw a 4% price increase over the past 24 hours, outperforming the overall crypto market on November 13. The token’s trading volume surged by 40% following strong Q3 results.

  • Helium's annualized revenue reached $18.3 million, driven by burning all MVNO subscription revenue.
  • Average daily Data Credit burns increased by 196.6%, amounting to $30,920 in Q3.

Helium Network Growth

  • Unique devices connected to the network grew by 35.4% to 1.2 million daily.
  • HIP 147 governance proposal passed, increasing HNT emissions for data-transferring hotspots from 40% to 60%.
  • 850,000 HNT tokens, worth about $2 million, were burned in the last month, representing 0.5% of the total supply.

HNT Price Outlook

  • HNT is trading at around $2.4, with its market cap rising by $20 million recently, totaling $454 million.
  • The token has maintained support around $2, with potential resistance levels at $3.40 and $8.68.
  • Further upside targets could exceed $50 based on Fibonacci projections.

Subbd Raises $1.34M as Launch Nears

  • Subbd, a platform linking influencers with fans through Web3 tech, raised $1.34 million ahead of launch.
  • It uses AI, distributed ledgers, and digital assets, onboarding over 2,000 creators with a combined audience of over 250 million.
  • Payments are made via the native SUBBD token, offering faster and cheaper transactions.