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HNT Price forecast: Is it a worthwhile investment at $42?

By: Invezz

Helium HNT/USD is a decentralized and blockchain-based network developed to allow Internet of Things (IoT) devices to communicate with one another.

Launched in 2019, its mainnet enables these devices the ability to communicate with each other through a network of nodes.

Helium hits a new all-time high value which boosts its appeal to investors

On November 7, Helium (HNT) reached $52.41, which marked its latest all-time high value.

This blew the crypto world away and can be attributed to the fact that an average of 1.5+ hotspots became online per minute, that ended up providing coverage and have mined HNT tokens over the past month.

Additionally, on November 7, Helium also partnered up with FreedomFi and DISH with the goal of bringing Helium 5G coverage to more people.

All of this has contributed to the growth of both the popularity and the value of the HNT token.

The question on everyone’s mind right now is, how far can the HNT token grow? Let’s find out.

Should you invest in Helium (HNT)?

On November 8, Helium (HNT) had a value of $42.19.

To get a better perspective of what kind of value point this is for the token, we will compare it to it’s all-time high value as well as its performance last month.

Its all-time high value was achieved on November 7 when the token climbed to $52.41.

In terms of the performance last month, on October 1, HNT had its lowest point of value at $17.1. At this point in time, it was $35.31 lower in value than its ATH value point.

Its highest value point was on October 30, when the token climbed in value to $31.65. This indicates that from its value on October 30 to its all-time high value, the token climbed by $20.76.

With that in mind, from October 1 to October 30, the HNT token climbed in value by $14.55 or by 85%.

Then from October 340 to October 7, the token climbed by an additional 65%.

On November 8, the value was $10.22 or 19% lower than its all-time high value on November 7.

However, this makes it a solid point of value to invest in, as the HNT token has the potential to climb to $52 by the end of November.

The post HNT Price forecast: Is it a worthwhile investment at $42? appeared first on Invezz.

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