Helium Mobile Adoption Surges Past 900K – Can $HNT Rocket Back to 2021 Highs?

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Jimmy Aki

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Jimmy Aki

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Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, and Blockonomi, covering news...

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Last updated: 

May 15, 2025

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Helium ($HNT), the blockchain-powered wireless network for IoT and mobile devices, has seen a modest recovery over the past month, gaining 9.21% within that period. Since hitting a local high of $9.58 in February 2024, $HNT has largely traded within a range of $3.50 to $4.80.

At the time of writing, $HNT is priced at $3.87 after touching an intraday high of $4.29, approximately 15% above its 24-hour low of $3.73.

The Volatile Journey of Helium’s Token Price

Initially launched in July 2019 after its founding in 2013, the Helium blockchain allows low-power wireless devices to exchange data over a decentralized network of nodes.

Its native token, the Helium Network Token ($HNT), powers this infrastructure and rewards Hotspot operators who transmit data across the network. However, $HNT has experienced price volatility since its launch.

From a low of $0.2534 in June 2020, the token skyrocketed over 21,600% to an all-time high of $55.22 just 17 months later.

However, the project faced setbacks in 2023 when Binance delisted $HNT trading pairs, negatively impacting the token’s price.

This followed Helium’s migration to the Solana blockchain, during which existing $HNT tokens were mapped to Solana, and Hotspots were tokenized as NFTs.

Despite the turbulence, Helium has emerged as a leading player in the Decentralized Physical Infrastructure Network (DePIN) space, supporting real-world 5G deployment and IoT integration.

In December 2023, Helium Mobile launched a nationwide $20/month unlimited talk, text, and data plan, now accounting for roughly 90% of the project’s revenue.

Helium Becomes DePIN Leader as Daily Activity Hits Record Highs

On May 5, Helium reached a new milestone, surpassing 200,000 total signups.

Just five days later, the platform recorded over 900,000 daily users. Currently, 6,641 active Helium Mobile devices are deployed across 11 countries, with the average device costing approximately $259.20 and estimated daily earnings of $1.08.

Users can also contribute by deploying low-power Hotspots that use as little as 5W of energy and support LoRaWAN connectivity.

Telecom giant AT&T partnered with Helium in April 2025 to allow its U.S. subscribers to connect via Helium’s decentralized network. As a result, these developments have strengthened investor sentiment, with many anticipating that $HNT could revisit its 2021 bull run highs in the future.

Technical Price Prediction: Is $HNT Building Toward a Breakout?

From a technical perspective, $HNT has been attempting a recovery from a prolonged downtrend that lasted through late 2024 and early 2025.

After bottoming near $2.00, the price has formed a rising channel pattern, indicating a shift in momentum.

Since early March, $HNT/$USDT has maintained higher highs and higher lows within this ascending channel. It is currently trading above key short-term EMAs: the 9 EMA at $3.982, the 20 EMA at $3.950, and the 50 EMA at $3.507.

However, the longer-term 200 EMA sits higher at $4.816, suggesting the recovery is still in progress.

Key support is located just above $3.50, aligned with the 50 EMA and the lower boundary of the ascending channel.

A breakdown below this zone could invalidate the uptrend and prompt a correction.

On the upside, immediate resistance lies at $4.225, which has capped multiple rallies in recent weeks.

A confirmed breakout above this point could open the path toward the $5.477–$5.755 range, coinciding with the 200 EMA and prior consolidation levels.