Helium Price Prediction as HNT Price Falls Under $5.50 – Can HNT Reach $10?
The Helium (HNT) price is pulling lower after reaching above $5.50 earlier in the session, with some asking whether the cryptocurrency might soon push back towards $10.
Helium is a DePIN network that leverages a decentralized global network of wireless hotspot providers who double as miners.
After dipping as low as $3.40 last month, the Helium price recovered above $6 last week.
The bullish momentum has since faded, however, with the Helium price unable to sustainably hold above its 50DMA, last at $5.40.
Still, chart analysis suggests that the March to April bearish trend has been snapped.
Helium Price Prediction – Can HNT Reach $10?
The Helium price broke the downtrend in late April, which has since gone on to form short-term support.
That’s a sign that, while a new bull run may not be imminent, the latest bearish phase is likely over.
HNT needs to break above its 50 and 200DMAs for a new push to yearly highs above $10, however.
Both of these sit between $5.40 and $5.70. A convincing breakout above $6 should send the signal that these levels are being left behind.
The next major area to target would be the $8 balance zone, followed by $10.
Helium’s relatively small market cap—around $860 million—suggests there is plenty of room for upside, and $10 is easily achievable.
Whether HNT will be a long-term successful investment is highly speculative, however, as Helium’s DePIN network has yet to secure any meaningful global adoption.
HNT Alternative to Consider – Wiener AI (WAI)
Investors tempted to jump into a risky, speculative coin like HNT obviously have a high-risk tolerance.
The appetite towards risk might be better served with a different strategy that, while also risky, has higher upside potential.
The strategy in question is crypto presale investing, which involves buying the tokens of new crypto projects before they go live.
A fun new crypto presale called Wiener AI (WAI) has caught the attention of analysts at Cryptonews.
We Welcome Wiener Hoarders!
AI-Enhanced Trading. Sausages. A match made in heaven!
— WienerAI (@WienerDogAI) May 5, 2024
The Sausage dog-themed meme coin offers a suite of handy AI trading capabilities and has already raised over $1 million.
Interested investors may want to move quickly, as the WAI price will rise when the presale reaches $1.1 million.
Currently priced at $0.000703, investors are buying WAI at a market cap of around $45 million, and could be looking at gains of 10x or more if WAI becomes a market leader.
WAI is not only an exciting meme coin with AI capabilities but also a potential passive income gem.
20% of the supply has been allocated to staking rewards, and investors are currently earning a massive 817% APY, as per the project’s official website.
At this rate, investors can double their initial presale investment in only around one month.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.Let us do the heavy lifting.
You just chilllllll 🌭🌭🛋️
Staking Rewards Currently At 941% pic.twitter.com/uTq71ylxTF
— WienerAI (@WienerDogAI) May 4, 2024