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- 1 MOBILE token started showing bullish signals before the official approval of the BTC spot ETFs.
- 2 The feature of Helium named, Discovery Mapping enables users to share location data.
Helium Mobile (MOBILE) is a mobile phone service that operates on the decentralized, cryptocurrency-powered Helium network. This network allows individuals to create and manage mobile networks through token incentivization.
By leveraging T-Mobile’s 5G infrastructure and operating on the Solana blockchain, Helium Mobile ensures reliable cellular phone services.
MOBILE Token and its Uses
Users who contribute to the network by providing coverage are rewarded with MOBILE tokens, which are unique to the Helium community-built 5G network. These tokens can be traded like other cryptocurrencies or used to pay for carrier services.
Helium Mobile has a feature called Discovery Mapping that enables users to share location data. This data helps identify areas where additional people-built coverage is needed, and users can earn additional MOBILE tokens by participating.
The service operates as a Mobile Virtual Network Operator (MVNO) under T-Mobile’s 5G network, but Helium Mobile also encourages customers to become network owners and operators by deploying Helium Mobile Hotspots. These hotspots, which users can purchase and set up, act like mini cell towers and expand the network coverage.
However, the service may not work effectively in crowded areas where users can experience heavy de-prioritization, making the service less useful. Additionally, data speeds may be reduced after 30 GB of usage per monthly billing cycle.
Decentralized Communication Service
In August 2023, Helium Mobile launched commercially with a limited trial rollout in Miami, Florida. This decentralized communication service is notable for its introduction of Mobile Hotspots, which empower subscribers to become owners and operators of mini cell towers, effectively eliminating dead zones.
According to the Helium Hotspots Map, as of December 20, 2023, the network has 4,237 active mobile hotspots and an impressive 366,226 active hotspots catering to IOT devices.
This hotspot development enhances wireless connectivity and encourages community participation in building and expanding the decentralized wireless network. The Helium Mobile project is powered by its protocol token, MOBILE.
MOBILE is the designated protocol token for the Helium Mobile Network and was introduced through the community proposal HIP-53. As of December 20, 2023, the digital asset has a total and circulating supply of 78.6 Billion tokens, respectively.
MOBILE Token Technical Analysis & Price Prediction
MOBILE token price started rising hours before the official ETF approval from the SEC. The bullish investors started pushing the price upwards after it reached the immediate support level of $0.002994.
However, the current price, 0.00329 is near the major support level of $0.003268 due to which the bullish investors are facing rejection. The 50-Day EMA is at $0.003098 while the 150-Day EMA is at $0.003063 after the bullish crossover between them.
Conclusion
Helium Mobile operates on the decentralized, cryptocurrency-powered Helium network as a Mobile Virtual Network Operator (MVNO) under T-Mobile’s 5G network. The service encourages customers to become network owners and operators by deploying Helium Mobile Hotspots. MOBILE token price started rising before the official ETF approval from the SEC.
Technical Levels
- Support Levels: $0.002994 and $0.002877
- Resistance Levels: $0.003268 and $0.003392
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
