Helium is a blockchain-based network for IoT devices. It uses Hotspots to connect wireless devices to the network. The native token of the network is HNT, which powers the network and serves as a payout for Hotspots.
Valencia invests in an IoT project using the Helium Network
Valencia is tackling energy poverty which is affecting 23% of households. They are partnering with Damal Redes to deploy low-cost air quality sensors in two projects.
The sensors measure environmental conditions in homes to enhance energy efficiency and benefit the welfare of the area, with a 98% success rate in installing sensors in low-income residences and construction sites.
Valencia has integrated the Helium Network, the world’s largest people-powered IoT Network, into its mission to address energy poverty and reduce greenhouse gas (GHG) emissions by 40% by 2030 under the Covenant of Mayors initiative.
The Helium ecosystem seamlessly integrates with LoRaWAN technology, which is optimized for battery-operated, low-power devices, making it ideal for an expansive IoT infrastructure.
What did the Helium’s CEO
Abhay Kumar, CEO of Helium Foundation, stated that they can solve the equality issue faced by many urban centers using their decentralized wireless network. They are working with Damal Redes and LoRa Alliance to deploy the network in Valencia for real-time environmental data.
The collaboration between Damal Redes, Valencia’s Fundació Clima i Energia, and Helium is a move towards making real-world change. As a part of a larger movement against energy poverty, this partnership emerges as a fundamental piece of Valencia’s broader energy strategy.
Technical Analysis and Prediction of the HNT Coin Price
The HNT coin price seems to be in the hands of bulls after the surge over the last 3 days. As the coin rose more than 80% in the last 3 trading sessions, investors seem more confident about the current market scenario. The current resistance levels range from $8.18 and $10.49.
Moreover, the RSI has also reached the oversold zone, but the coin has been trading in a bullish sentiment since a month before. Therefore the SMA of the RSI is near it and shows gaps in between. The bulls can take some support at the support levels, at $4.28 and $2.77
Conclusion
Valencia has integrated the Helium Network to address energy poverty and reduce GHG emissions. It will be done with the Helium collaborating with LoRaWAN technology The HNT coin rose more than 80% in the last 3 trading sessions. The price prediction will be bullish as indicated by moving average indicators
Technical Levels
- Support Levels: $4.28 and $2.77
- Resistance Levels: $8.18 and $10.49
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/12/15/hnt-coin-surged-80-in-3-days-how-will-it-perform-in-the-future/