Helium’s MOBILE Token Surges +1,000% as 5G Network Grows in Popularity

Key highlights:

• Helium’s mobile token MOBILE went parabolic last week, pumping over 1000% according to CoinCodex data.
• Through partnerships with device makers and carriers big and small, Helium is letting regular folks earn crypto rewards for supplying 5G coverage to their neighborhoods. And with nationwide service now live, the network is booming – 12,500 subscribers signed up already!
• It all ties back to Helium’s novel “hybrid” model combining decentralized community coverage with traditional cell towers.

The past week has been an impressive one for cryptocurrencies associated with the decentralized wireless network Helium. Leading the charge was Helium Mobile’s MOBILE token, which gained over 1,000% according to data from CoinCodex. Other tokens in the Helium ecosystem also saw sizable increases, with the original Helium token HNT rising nearly 70% over the same period.

So what has been fueling this astronomical growth? The answer likely lies in the rapidly expanding capabilities and user base of Helium’s new 5G network. Powered by the MOBILE token, Helium is building out a nationwide decentralized wireless infrastructure through partnerships with device makers like FreedomFi. Individuals can purchase special “Hotspot” devices to provide 5G coverage in their local area and earn rewards in MOBILE for their contribution to the network.

The Rise of Helium Mobile

In August, Helium Mobile officially launched a pilot program offering $5 per month unlimited data plans to customers in Miami. But the network had much larger ambitions beyond South Florida. Through its innovative hybrid model combining decentralized hotspots with traditional cellular infrastructure, Helium Mobile set its sights on nationwide coverage.

This goal is now coming to fruition with the December rollout of a $20 per month unlimited plan available across the entire US. As shared by Helium CEO Amir Haleem in a tweet, the network has already onboarded over 12,500 subscribers thanks to its novel combination of community-powered hotspots and partnerships with major carriers.

thanks Mike! last number we publicized was 12.5k subs, which we are well over at this point. will include subscriber count in an upcoming public dashboard

— amir ???️? (@amirhaleem) December 15, 2023

Earning rewards by providing coverage

A key part of Helium Mobile’s value proposition is rewarding users who help expand coverage. Hotspot owners deploying special 5G devices in their homes and businesses provide coverage to nearby subscribers. In return, the Helium protocol pays these “Miners” in MOBILE tokens calculated based on network usage and uptime.

As more subscribers join and transmission volumes increase across decentralized infrastructure, the potential MOBILE payouts also rise. It’s easy to see why the mere announcement of Helium Mobile’s national launch catalyzed massive interest, driving token values skyward. The tantalizing opportunity to profit from 5G’s growth has proven alluring to cryptocurrency speculators and infrastructure providers alike.

A budding decentralized ecosystem

While MOBILE has captured outsized attention, it’s just one piece of Helium’s widening decentralized wireless (DeWi) ecosystem. The original HNT token awarded to legacy hotspots on Helium’s LongFi LoRaWAN network also enjoyed sizable gains. Both tokens are necessary to power different segments of Helium’s hybrid network model.

As coverage expands, partnerships form, and use cases multiply, the ecosystem stands to blossom further. Already we see endeavors like Helium’s District 5G accelerator working to foster diverse applications. FreedomFi’s fundraising rounds, signaling confidence from strategic investors, add another bullish data point.

When a novel, community-empowered solution gains real-world traction at such a massive scale, it’s no surprise cryptocurrency markets sit up and take notice. For those understanding Helium’s transformative vision, last week’s parabolic token price movements were rational exuberance manifest. This DeWi revolution has only just started witnessing mainstream adoption.