Helium Coin Market Cap, Price History, and Future Outlook

The Helium Coin market has experienced significant growth over the years, with its market capitalization increasing steadily. In 2021, the Helium Coin market cap reached an all-time high of over $2 billion.

One of the key factors contributing to Helium Coin's success is its unique use case as a cryptocurrency for IoT devices. This has led to a surge in adoption and demand for the coin.

The price of Helium Coin has fluctuated over time, but it has consistently shown a upward trend. In 2020, the coin's price was around $0.05, but by 2022, it had risen to over $5.

The future outlook for Helium Coin looks promising, with many experts predicting continued growth and adoption in the IoT market.

The Helium network is a decentralized wireless network that enables devices to wirelessly connect to the Internet and geolocate themselves without the need for satellite location hardware or expensive cellular plans.

This network is powered by a blockchain with a native protocol token that incentivizes a two-sided marketplace between coverage providers and coverage consumers.

The introduction of a blockchain brings decentralization to an industry currently controlled by monopolies, making wireless network coverage a commodity fueled by competition.

This commodity is available anywhere in the world, at a fraction of current costs, making it a game-changer for those in need of wireless connectivity.

The Helium coin market cap has been a topic of interest for many investors. As of now, the current Helium price is $4.93, with a trading volume of $5,176,127 in the last 24 hours.

Helium's market capitalization is a significant $868,811,728, with a maximum supply of 223,000,000 HNT coins. The circulating supply of HNT coins is 176,392,182.

The Helium price has plummeted by 5.55% in the last day and decreased by 24.52% in the last 7 days. It's currently 91.08% below its all-time high.

Here's a snapshot of Helium's market stats:

The Helium price chart shows a downward trend, with the price currently at $4.83, down -7.71% in the last 24 hours.

The HNT tokenomics is an interesting aspect of the Helium coin market cap. The initial supply of HNT was zero, and it started growing as users began mining HNT coins, with the first ever HNT mined on July 29th, 2019.

Up to 5 million new HNT tokens can be mined every month, and the max supply of Helium coins is 223 million. This deflationary model means that the Helium price will increase as the supply is reduced through burning.

The distribution of HNT is split between miners, investors, and the Helium company itself, with 66% going to miners. This incentivizes network growth and secures the network.

Here's a breakdown of the HNT tokenomics:

The HNT token is a crucial part of the Helium network, managing the network with the collaboration of network participants. It verifies who owns a packet, the information contained in the packets, and validates requests to send them to other hotspots.

The blockchain protocol behind HNT eliminates the need for a centralized intermediary, such as a central server running routing tables. This allows for a more decentralized and efficient network.

HNT rewards are distributed to hotspots based on the quality of coverage they offer and the amount of LongFi sensor data they facilitate. Hotspots receive 30% of the rewards for network data transfer, 35% for hotspot infrastructure, and 35% for Helium, INC, and investors.

Here's a breakdown of the HNT reward distribution:

The rewards will adjust yearly, with network data transfer allocation increasing by 2.5%, hotspot infrastructure allocation decreasing by 1.5%, and Helium, INC, and investors allocation decreasing by 1%.

The Helium token, HNT, has a unique tokenomics system that's worth understanding. The token was launched without a pre-mine, meaning its initial supply was zero, and it started growing as more users began mining HNT coins.

The first HNT was mined on July 29th, 2019. This marked the beginning of a new era for the Helium network.

Up to 5 million new HNT tokens can be mined every month, which puts the max supply of Helium coins at 223 million. This limit makes the Helium asset deflationary, and the Helium price will increase as the supply is reduced through burning.

The Helium price is prone to change due to the volatility of the crypto market and its strong influence from prominent cryptocurrencies like Bitcoin. In November 2021, the HNT price peaked at $55, following the market trend.

The Helium token is distributed between miners, investors, and the Helium company itself at the end of each mining session, which generally happens every 30-60 minutes. The distribution is as follows: