Helium (CCC:HNT-USD) is a network that many investors are turning to as a decentralized 5G play. The project is the provider of an innovative, user-connected wireless network, and it has been making noise through the last couple of months. Now, the project has backing from a major wireless service provider, and prospects for Helium are looking more optimistic than ever. Therefore, investors are seeking out Helium price predictions to see just where the HNT coin could be heading.
Helium’s product offering combines the blockchain with physical hot spots in an effort to seamlessly connect users to high speed wireless internet. Users can receive and operate these hot spots, and as providers of the network’s wireless connection, they earn HNT coins. In late September, Helium drew even broader attention as it launched its fleet of 5G hot spots. The new product is allowing its users access to the fastest wireless internet connection currently on the market. Since the launch of these hot spots, HNT has seen a 33% upswing.
Likewise, DISH Network (NASDAQ:DISH) is making plenty of noise in the blockchain space recently. In September, the Cardano (CCC:ADA-USD) network announced a partnership with the company. Going forward, the network will be working with DISH on furthering wireless connectivity in blockchain.
Today’s announcement sees a similar partnership being forged, albeit one involving the ultra popular 5G network. DISH is forging another partnership, this time with the Helium network, to support its 5G hot spot network. With Helium currently operating across 240,000 hotspots, and another 500,000 on backorder, the DISH backing will prove to be important for the Helium net.
Helium Price Predictions Surge on DISH Partnership News
As Helium comes out with such a major partnership, investors are becoming quite bullish on the HNT coin. The coin is currently up about 13% on the day; trading volume is nearly triple its average, suggesting that investors are massively pouring into the coin. Let’s take a look at some Helium price predictions to see where analysts think HNT will be heading in the future:
- WalletInvestor is predicting that by October of 2022, HNT will rise to a price of $40.55 from its current $24 value.
- A more bullish Gov Capital thinks that by October of next year, HNT will rise to a price of $78.32.
- DigitalCoin forecasts that HNT will finish out 2021 with a $42.33 valuation.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.