Helium (HNT) has experienced a notable price increase of 7.39% over the past 24 hours, bringing its current value to $5.13. This recent surge has significantly impacted Helium’s market capitalization, which now stands at approximately $824,507,747, placing it at #77 in the global cryptocurrency rankings. This rise underscores Helium’s growing presence and potential within the cryptocurrency market.
The 24-hour trading volume for Helium has seen a significant spike, reaching $11,744,025, which represents an increase of 69.56%. This high trading volume reflects a surge in market activity and investor interest. The volume-to-market cap ratio is currently 1.42%, indicating that while trading activity is high, it is still relatively modest compared to the overall market cap.
This ratio helps in assessing how actively the token is being traded and can provide insights into market liquidity.Helium’s circulating supply is 160,875,442 HNT, which is also its total supply, suggesting that all the tokens are currently in circulation.
This complete circulation of the token supply can influence the market dynamics, including price stability and the potential for future price fluctuations. The absence of a maximum supply limit indicates that there could be additional considerations for future supply changes or issuance.
The fully diluted market cap of Helium stands at approximately $825,548,319. This figure represents the market capitalization if all tokens were to be in circulation, providing an estimate of the total value of Helium’s ecosystem. This metric is important for understanding the potential future valuation of the token.
The recent price increase and high trading volume for Helium can be attributed to several factors, including positive market sentiment, technological advancements, or significant developments related to the Helium network.
As Helium operates in the decentralized wireless network space, any advancements or increased adoption of its technology can have a substantial impact on its market performance.
The trading volume’s significant rise indicates heightened market activity and interest from investors. This can be a positive sign, suggesting that Helium is gaining traction and that there is strong demand for the token.
However, it is essential for potential investors to consider the inherent volatility in the cryptocurrency market and to stay informed about external factors that may affect Helium’s performance.
In summary, Helium (HNT) is showing robust market activity with a notable price increase and high trading volume. The current market capitalization and fully diluted market cap highlight its growing presence in the cryptocurrency space.
As the Helium network continues to develop and evolve, its market performance and investor interest will be crucial in shaping its future trajectory. Investors should monitor ongoing trends, project updates, and market conditions to make informed decisions regarding Helium.
