Even in these down markets, alts like ALGO managed a nice 28% pump lately. What's behind the renewed strength?
) stablecoins and it is designed to help concentrate stablecoin liquidity across 4pools located on every major chain through the Curve protocol.Helium is a decentralized blockchain network for Internet of Things devices and it is powered by a global system of low-power nodes run by miners.began to detect a bullish outlook for HNT on May 1, prior to the recent price rise.
The VORTECS™ 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 Twitter activity.As seen in the chart above, the VORTECS™ Score for HNT spiked to a high of 79 on May 1, around 13 hours before the price increased 20.35% over the next day.
The gains for HNT followed a developer announcement detailing plans to implement Helium 5G data transfer rewards. This will enable 5G hotspot operators to earn HNT when a compatible 5G device sends data over the network by connecting with the users' hotspot. 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 trading move involves risk, you should conduct your own research when making a decision.
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