The ultimate goal of any cryptocurrency project is to achieve the highest adoption by proposing a use case that offers real value that can be applied around the world and in every home.
A project that has just revealed an important step towards greater adoption thanks to its user-managed wireless network is Helium, a project focused on the Internet of Things 5G, which revealed a new partnership with Dish Network October 26.
Today we take another huge step for @Helium 5G with the announcement of a new partnership between @DISH and Helium Inc! DISH is the first major carrier to join #ThePeoplesNetwork, expanding coverage with customers deploying 5G Hotspots.
Read the blog: https://t.co/FjVsnd7zXv.
– Helium (@helium) October 26, 2021
Today we take another big step for Helium 5G with the announcement of a new partnership between DISH and Helium Inc! DISH is the first major operator to join The Peoples Network, expanding coverage with customers deploying 5G Hotspots.
Per the announcement, the partnership will offer Dish Network subscribers the opportunity to run Helium nodes and earn HNT token rewards for sharing their 5G wireless service with those in their area.
This marks the first major operator to integrate Helium’s 5G network into its ecosystem and is a significant validation signal for the project and its technology.
Speaking to Decrypt, Helium’s COO, Frank Mong, explained the partnership and what it means for the future of the Helium network.
“Dish understands the potential that blockchain can have in the wireless industry, and as the first major operator to join The People’s Network, this partnership is a real validation that HNT’s incentive model is a powerful tool for deploying infrastructure. at scale. Together with Dish and FreedomFi, Helium 5G will have a much broader reach in which the customer benefits from the incentive wheel of the network and the applications it enables. “
Helium network registers exponential growth
The partnership with Dish Network is the latest in a year of tremendous growth for the Helium network, which now has more than 256,000 individual nodes worldwide operated by 93,561 users.
This partnership with Dish Network was made possible by a community vote in April, which approved the addition of a second 5G-capable network to the protocol through a partnership with FreedomFi, which will allow Helium to offer support for devices such as smartphones, tablets and laptops.
Helium has also received increasing support from multiple hardware manufacturers who have begun making access points compatible with the Helium network and this is expected to expand the reach of the network.
Data from Cointelegraph Markets Pro and TradingView shows that, Since reaching a low of USD 16.45 on September 29, the price of HNT has grown by 42.2% to reach a daily high of USD 23.50 on October 26, while its 24-hour trading volume soared 162.75% to USD 35 million.
VORTECS ™ data from Cointelegraph Markets Pro began to detect a bullish outlook for HNT on October 20, ahead of the recent price spike.
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, trade volume, recent price movements and activity in Twitter
As seen in the graphic above, The VORTECS ™ Score for HNT began to rally on October 20 and peaked at 78 around 93 hours before the price began to increase 15.6% over the next two days.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Each investment and trade movement involves a risk, you must carry out your own research when making a decision.