Helium's HNT Crypto Token Slides to 2-Month Low After Binance.US Delisting Announcement (2024)

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Helium's HNT Crypto Token Slides to 2-Month Low After Binance.US Delisting Announcement? ›

The token will be delisted from Binance's U.S. exchange on March 21. Helium's HNT token dropped to its lowest level in two months on Wednesday after crypto exchange Binance.US said it will delist the cryptocurrency on March 21. The token has lost 20% in the past 24 hours and was recently trading at $2.

The reason they said for banning was fraudilent behaviour of HNT network, and to protect binance users.

The HNT token migrated from the old Helium blockchain to Solana in 2023. It enjoyed success in late 2023, but it slumped in 2024 before rallying. HNT's links to DePIN may have sparked interest. One Helium price prediction says HNT can reach $13.09 in 2025.

There are multiple reasons for HNT's recent decline. Perhaps the biggest reason could be Binance's recent announcement stating that it would delist the token from the platform in the coming days. The world's largest crypto exchange will discontinue the HNT/USD trading pair on March 24, at 03:00 (UTC).

Binance has decided to delist and cease trading for Helium Token (HNT) after its periodic review. The news comes ahead of Helium's migration to Solana. Binance stated that it delists a coin or token when it no longer adheres to this standard or when the market conditions change in order to safeguard consumers.

The all-time high is still a long way off. However, analysts do expect Helium to start a cautious recovery. Throughout the year, the price is projected to trend upward. In September the price will reach €6.98 and by December, it is expected to reach €17.04 euros.

According to our Helium price prediction, HNT price is expected to have a -1% decrease and drop as low as by September 19, 2024. Our analysis of the technical indicators suggests that the current market feeling is Neutral Bearish 46%, with a Fear & Greed Index score of 33 (Fear).

All Helium Network Tokens (HNT, IOT, and MOBILE), will become Solana SPL tokens.

The table above accurately updates our HNT price in real time. The price of HNT is down -0.73% since last hour, up 1.01% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $1.82B. HNT has a circulating supply of 169.65M coins and a max supply of 223.00M HNT.

Once helium is released in the atmosphere, it will continue rising until it escapes into space, making it the only truly unrecoverable element. Helium in recoverable quantities is found in only a few locations around the world, and these sources are being rapidly depleted.

Is Helium coin dead? ›

No, Helium (HNT) is not dead at all. Helium is one cryptocurrency with a bright future because of the dedicated Helium team. Riding the crypto wave, it will rule the digital kingdom as a profitable token and have a long reign on a crypto exchange.

​Analyst ratings for Helium One

​LSEG data & analytics shows a consensus analyst rating of 'strong buy' for Helium One, by only one analyst though, with an upside target at 5.30 pence, a 266% rise from current levels (as of 16 August 2024).

On March 17, Binance announced that it will delist Helium (HNT) and Tael (WABI) tokens from its platform. The delisting will occur on March 24, 2023, at 03:00 (UTC). Binance stated that it periodically reviews each digital asset it lists to ensure that it continues to meet the high level of standard expected.

In the most optimistic scenario, which includes flawless execution by Gazprom to restart Amur, no sanctions on helium exports from Russia, existing sales contracts remaining in place and the ability to overcome logistics challenges, Helium Shortage 4.0 could begin to wind down during the second half of 2023 and come to ...

HNT is not listed on Binance for trade or purchase.

In 2021, Helium partnered with Dish Network to deploy thousands of Helium hotspots across Dish's nationwide cellular network, further expanding Helium's reach. In March 2022, Helium Inc. rebranded to Nova Labs Inc. and raised $200 million in a funding round led by Tiger Global Management and Andreessen Horowitz.

HNT is not listed on Binance for trade or purchase.

Helium was touted as the best real-world use case of Web3 technology. But as it struggles to generate revenue, a Forbes investigation found that executives and their friends quietly hoarded the majority of wealth at the project's inception.