The ultimate goal of any crypto project is to achieve widespread adoption by offering a use case that delivers real-world value that can be applied to every household in the world.
Thanks to its user-managed wireless network, Helium, a project focused on the Internet of Things 5G, took a significant step towards greater adoption, as it revealed a new partnership with Dish Network on October 26.
Today we take another big step to @Helium 5G with the announcement of a new partnership between @PLATE and Helium Inc! DISH is the first major operator to join #LaPeopleNetwork, expanding coverage with customers implementing 5G Hotspots.
Read the blog: https://t.co/FjVsnd7zXv.
- Helio (@helio) October 26, 2021
Per the announcement, the partnership will offer Dish Network subscribers the opportunity to run Helium nodes and earn HNT token rewards for sharing their 5G wireless service with those in their area.
This marks the first major operator to integrate the Helium 5G network into its ecosystem and is a significant validation signal for the project and its technology.
In comments to Decrypt Media, Helium COO Frank Mong discussed the partnership and what it means for the future of the Helium network.
Suppose said,
โDish understands the potential that blockchain can have in the wireless industry and, as the first major operator to join The People's Network, this partnership is real validation that HNT's incentive model is a powerful tool for deploying infrastructure at scale. . Together with Dish and FreedomFi, Helium 5G will have a much broader reach where the customer benefits from the network incentive flyer and the applications it enables. "
The helium network experiences exponential growth
The Dish Network partnership is the latest in a year of intense growth for the Helium network, which now has more than 256,000 individual nodes worldwide operated by 93,561 users.
This partnership with Dish Network was made possible by a community vote in April that approved the addition of a second 5G-capable network to the protocol through a partnership with FreedomFi. This will allow Helium to offer support for devices such as smartphones, tablets, and laptops.
Helium has also received increasing support from various hardware manufacturers who have started to make access points compatible with the Helium network and this is expected to expand the reach of the network.
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Data of Cointelegraph Markets Pro and TradingView shows that since hitting a low of $ 16.45 on September 29, HNT's price increased 42.2% to a daily high of $ 23.50 on October 26, as its 24-hour trading volume it skyrocketed 162.75% to $ 35 million.
VORTECS โข data from Cointelegraph Markets Pro It also began to spot a bullish outlook for HNT on October 20, ahead of the recent price spike.
The VORTECS โข score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements, and trading activity. Twitter
As seen in the chart above, the VORTECS โข score for HNT began to rebound on October 20 and peaked at 78 around 93 hours before the price began to increase by 15.6% over the next two days.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trade move involves risk, you should do your own research when making a decision.
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