After a decline in major altcoins, investors’ focus shifted to smaller alternatives, triggering sharp price spikes in many. One such altcoin is MOBILE by Helium Mobile, skyrocketing 83.76% in the past day to $0.0072, with its trading volume surge by 270.37% to $22.77 million over the past 24 hours following the launch of its nationwide unlimited mobile services for $20 per month.
Helium Mobile recently launched unlimited mobile services nationwide for $20 a month, garnering an estimated 8,000 mobile virtual network operators (MVNO). What makes them unique is integration with blockchain technology, offering new users the chance to earn ‘mapping rewards’ by sharing their phone’s session connection data. This unique offer has propelled the interest in MOBILE.
Subscribers accepting this offer are rewarded with an NFT minted in users’ Helium (Solana) wallets. Owners of this NFT get a share of the MOBILE mapping rewards, constituting 20% of all MOBILE rewards. Essentially, users receive cryptocurrency rewards via MOBILE by using an NFT supporting location tracking on their phones, equipped with access to a Helium wallet on the Solana Blockchain.
This NFT option allows Helium Mobile to pinpoint user locations, which is valuable for prompting active spots and cutting network usage payments to T-Mobile.
Salvador Gala, from Escape Velocity Ventures investing in the Decentralized Web (DeWi), weighed in on Helium Mobile’s NFT issuance. According to Gala, around 8,000 buyers of Helium Mobile NFTs likely represent the customer count. Additionally, about 34,000 have downloaded the app and opted for mapping, potentially future subscribers.
Gala Highlighted a significant number signed up for Helium Mobile during the period offering $20 monthly services in Miami before the nationwide $5 monthly launch.
Helium Mobile’s surge stands out amid a downward momentum of overall crypto market capitalization. According to Tradingview data, overall crypto market capitalization is at $1.489 trillion, reflecting a 1.85% decline.
