Helium (HNT) has Surged by Nearly 150% Since Dish Announcement

Helium has maintained its excellent performance despite the cryptocurrency market currently retracing.

Helium Up by 150% in Two Weeks

Helium (HNT) has been one of the best performing cryptocurrencies over the past two weeks. The coin has added nearly 150% to its value during that period, thanks to the team’s partnership with telecommunication company Dish.

On October 26, Helium partnered with internet service giant Dish in a bid to develop a user-powered wireless network. Per the terms of the partnership, Helium will supply 3.5 million hotspots to DISH, and the internet service company intends to onboard its customers.

Helium is a decentralized internet network that currently has over 250,000 hotspots. Since the announcement, the HNT token has been performing excellently. HNT has been up by nearly 150% since the announcement and could be set for higher gains.

HNT reached a new all-time high of $54.20 roughly two hours ago. At the time of writing, HNT is trading at $51.390, down by less than 4% from the all-time high it achieved a few hours ago.

HNT/USD chart. Source: FXEMPIRE
HNT/USD chart. Source: FXEMPIRE

HNT Could Top $60 Soon

HNT has been one of the top-performing cryptocurrencies since the start of the year. Its technical indicators show that the cryptocurrency is currently bullish and could rally higher over the coming hours and days.

Year-to-date, HNT’s value has gone up by 212,887%, outperforming numerous cryptocurrencies during that period. If the coin continues with its current momentum, then it could set a new all-time high above $60 over the next few hours and days.

The RSI of 65 shows that HNT is close to the overbought region and could rally higher over the coming hours and days. The coin’s MACD line is also deep within the bullish region. HNT could test its all-time high of $54 again over the coming hours and might attempt to move towards the $60 psychological level in the next few hours or so.

This article was originally posted on FX Empire