{"id":1497,"date":"2024-08-27T22:00:40","date_gmt":"2024-08-27T22:00:40","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=1497"},"modified":"2024-08-27T22:00:40","modified_gmt":"2024-08-27T22:00:40","slug":"helium-development-proposals-ignite-15-hnt-price-rally-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=1497","title":{"rendered":"Helium: Development Proposals Ignite 15% HNT Price Rally \u2013 Details"},"content":{"rendered":"

Helium (HNT) is continuing its upward trajectory despite the market dip. According to CoinGecko<\/a>, the token is up nearly 15% since yesterday, sparked by the recent on-chain developments that will expand on Helium\u2019s decentralized physical infrastructure (DePIN).<\/p>\n

Recently, Helium\u2019s official X account announced the voting period for two crucial proposals for Helium Mobile. Aptly named HIP 130 and 131, these two proposals have sparked speculation for HNT\u2019s near-future performance.<\/p>\n

Helium Proposes New Security Measure Against Malicious Activity<\/strong><\/h2>\n

HIP 130, titled \u2018Data-Only Hotspots\u2019, proposes<\/a> that the network should expand its reach by using any hotspot that uses passpoint authentication. These devices may come from non-certified Helium Hotspot vendors.\u00a0<\/p>\n

These new hotspots will act almost exactly as their Helium-made counterparts, except that they will be used to pass already paid-for data. Users of this new type of hotspot will be rewarded with MOBILE, one of the tokens inside the Helium ecosystem.\u00a0<\/p>\n

In addition to this, HIP 131,<\/a> named \u2018Bridging the Gap Between Verification Mappers and Anti-Gaming Measures\u2019, will implement a new system to protect the reward system of the network. The proposal is an \u201cextension\u201d of HIP 125 (Temporary Anti-Gaming Measures for Boosted Hexes) and amends the latter to better protect the network.<\/p>\n

The new system works by limiting the Oracle Hex boosts in points of interests (PoIs), reducing the rewards multiplier if a hotspot engages in malicious activity. To regain the boost, that hotspot only needs to submit 1 accurate Call Detail Records (CDR).\u00a0<\/p>\n

As of writing, both proposals are still under voting with only 11 hours left for the community to engage on.<\/p>\n

HNT To Stabilize Between $6.8 And $7.5<\/strong><\/h2>\n

As of writing, the token is trading well between $6.8 and $7.5 with the momentum on the side of the bulls. The current trajectory is eyeing gains well above $8 in the long run. This significant increase in price is accompanied by a proportional increase in HNT\u2019s momentum. However, there might be barriers for the budding rally.<\/p>\n

HNT\u2019s position, although great in itself, is barred by the dip in the market that further hinders any increase in momentum. Helium can move by itself\u2013 only by a short while. How short this timeframe may be is up to speculation as it can dip next week or next month.<\/p>\n

For now, investors and traders could buy in a small position in HNT while monitoring the broader market sentiment which today, unfortunately, is bearish. Once the situation improves, we will see a rally, breaking through $8 or potentially $10 in the long-term. Until then, caution is the name of the game to protect long-term gains.<\/p>\n

Featured image from Fortune, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Helium (HNT) is continuing its upward trajectory despite the market dip. According to CoinGecko, the token is up nearly 15% since yesterday, sparked by the recent on-chain developments that will expand on Helium\u2019s decentralized physical infrastructure (DePIN). Recently, Helium\u2019s official X account announced the voting period for two crucial proposals for Helium Mobile. Aptly named […]<\/p>\n","protected":false},"author":0,"featured_media":1498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1497"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1497"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/1498"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}