Helium Blockchain? A Crypto Best Buy? | The Motley Fool (2024)

The remaining crypto skeptics out there are quick to say "That's all well and good, but what does that coin actually do in the real world?" Well here's an answer that should satisfy even the most cynical crypto skeptic: How about powering the Internet of Things with decentralized, long-range WiFi? That's exactly the real-world use-case Helium (HNT -14.31%) is trying to make.

What is Helium?

Helium now is the 46th-largest cryptocurrency by market cap, clocking in at about $3 billion. The goal of the Helium network is to facilitate communications and connectivity for the Internet of Things (IoT) and the devices connected to it. Individuals can install Helium routers or, "hot spots," at their homes or offices and earn HNT for providing connectivity. Helium's parent company points out that connecting to cellular WiFi can be expensive and connecting to a store or business's WiFi can be impractical, so it aims to provide connectivity for IoT-enabled devices. The Helium hot spots provide a long-range form of WiFi called LongFi that reportedly reaches 200 times farther than a traditional WiFi hot spot, or as much as 10 miles depending on environmental conditions.

Are people really using it?

Helium is making some notable strides in terms of adoption. In October, DISH Network said it was partnering with Helium to "support open source and low-cost wireless connectivity ecosystems" and utilizing Helium to roll out 5G . The city of San Jose, California, became the first city to officially join the Helium network and will use Helium to provide internet access for low-income residents. The city distributed Helium routers to volunteers for a pilot program. With concern growing over the connectivity gap or information divide in the U.S., Helium could feasibly have an additional use-case beyond the IoT by playing a role in filling this gap. Helium can expand connectivity to areas that are falling behind, whether they are low-income urban areas or remote rural areas.

Helium is energy efficient

While Bitcoin and other proof-of-work assets have been criticized by some for their electricity usage, Helium is notable in that its proof of coverage consensus (essentially verifying that routers are located where they claim and that they are running and providing coverage) uses much less energy: about five watts to run, or the equivalent of having an LED light bulb on.

One big risk

The major risk that I see on the horizon for Helium would be internet service providers prohibiting their customers from using Helium hot spots because reselling their bandwidth could violate their terms of service. If Helium becomes widespread, ISPs could crack down on users that are taking a piece of their pie by capitalizing on their bandwidth.

Is Helium a buy?

Helium has been a volatile asset. It is up more than 500% during the past year, but it is also down more than 50% from its 52-week high set just a few months ago in November. Based on the volatility, I would say that Helium is not for the faint of heart, but for risk-tolerant investors, there is a lot to like here. Increased adoption of the network, the growing prevalence of connected devices, more cities and municipalities looking for solutions to give internet access to their populations, and the rollout of 5G nationwide are all catalysts that should increase the prevalence of Helium's network.

I also think Helium will benefit from its energy-efficient version of proof of work as other proof-of-work blockchains continue to come under scrutiny for their energy consumption. For these reasons, I view Helium as a buy for risk-tolerant investors who are interested in the project, and even for individuals who are interested in mining Helium using a home hotspot.

Michael Byrne owns Bitcoin. The Motley Fool owns and recommends Bitcoin. The Motley Fool has a disclosure policy.

Helium Blockchain? A Crypto Best Buy? | The Motley Fool (2024)

FAQs

What cryptocurrency did Motley Fool recommend? ›

The Motley Fool has positions in and recommends Bitcoin, Ethereum, and Terra Luna Classic.

Will Helium reach $1,000? ›

Yes, it is possible that Helium can reach $1000 but only in a distanced future, after 2030. The global helium market is forecasted to reach US$20.17 billion in 2026, growing at a CAGR of 13% during the period spanning from 2022 to 2026. Growth in the global helium market was supported by ...

Which crypto will explode in 2023? ›

Ethereum (ETH) – Overall The Best Next Cryptocurrency to Explode in 2023. Ripple (XRP) – Next Crypto To Explode With 10X Growth Potential in 2023. ApeCoin (APE) – Top Pick for the Most Promising Altcoin To Explode. Binance Coin (BNB) – Next Crypto to Explode Among Exchange Based Coins.

Is Helium a good investment right now? ›

For the last 7 days, HNT has been in a good upward trend, thus increasing by 1.67%. Helium has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

What two billionaires embrace cryptocurrencies? ›

Cryptocurrency has two kingpins. Forbes' 2018 ranking of the world's billionaires includes only a couple people who accumulated their vast fortunes from digital assets: Chris Larsen and Changpeng Zhao.

What are Motley Fool's 10 best stocks to buy? ›

Here are 10 stocks that could be excellent additions to your portfolio for years to come.
  • Block.
  • Realty Income.
  • MercadoLibre.
  • Shopify.
  • Intuitive Surgical.
  • Disney.
  • Berkshire Hathaway.
  • Amazon.
Jun 8, 2023

Can helium reach $100 dollars? ›

Can Helium reach $100? Yes, Helium could reach $100 by the end of 2024.

How high will helium go? ›

The air in Earth's atmosphere gets thinner the higher up you go. The balloon can only rise up until the atmosphere surrounding it has the same weight as the helium in the balloon. This happens at about a height of 20 miles (32 kilometers) above Earth's surface. So, this is as far as a helium balloon can rise.

What will helium price be in 2026? ›

About HNT Price Prediction: 2023-2050
YearPrice
2024$ 1.3486489
2025$ 1.4160814
2026$ 1.4868854
2030$ 1.8073185
3 more rows

Which crypto will 10x in 2023? ›

Thousands of alternative currencies are accessible, but we have picked eight that specifically show a massive growth potential in 2023: DigiToads (TOADS), Polygon (MATIC), Chainlink (LINK), Binance Coin (BNB), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Lucky Block (LBLOCK).

What is the cheapest crypto to explode in 2023? ›

Shiba Inu has a total supply of one quadrillion tokens. In turn, this is the cheapest cryptocurrency to buy in 2023. For instance, SHIB is currently trading at just $0.000008493. This means that a small investment of just $100 would yield over 11 million tokens.

What's the next big crypto to invest in 2023? ›

This is the Definitive List of the 12 Best Crypto Coins to invest in 2023: ApeMax - Boost to Earn Big instantly with this New Smartly Designed Coin. AiDoge - A crypto coin that uses AI to generate memes. BNB - Binance crypto coin.

Why is HNT losing value? ›

In 2022, the value of HNT faced a significant decline, despite positive developments such as a successful funding round. The delisting of HNT from Binance and the collapse of the FTX exchange further contributed to the coin's plummeting value, which saw a loss of more than 95% over the year.

What company buys the most helium? ›

And that's nothing compared to NASA, the single biggest buyer of helium. NASA consumes approximately 75 million cubic feet annually to cool liquid hydrogen and oxygen for rocket fuel.

Why is helium getting so expensive? ›

Besides being difficult to mine, the current helium shortage stems from the limited supply and rising demand across the world. Very few countries produce this rare element, so even a minor change in the production levels in these countries can significantly impact the global helium supply.

What is the most highly valued Cryptocurrency? ›

Bitcoin (BTC)

Which is the most unique Cryptocurrency? ›

Skincoin: Skincoin is a unique cryptocurrency, designed exclusively for the online gaming community. These tokens can be used to trade game skins, wager bets on gambling and e-sports platforms, and more.

What are the top 2 Cryptocurrencies by market capitalization? ›

Total Cryptocurrency Market Cap: $1,070,175,793,857
RankName (Symbol)Market Cap
1Bitcoin (BTC)515,103,634,588
2Ethereum (ETH)207,717,022,730
3Tether (USDT)83,539,524,636
4BNB (BNB)38,211,111,405
74 more rows

In which stock should I invest $10,000? ›

How To Invest Rs 10000 In India for High Returns?
COMPANYIndustryMARKET CAP (RS CR)
Reliance Industries Ltd.Diversified16,37,533
Titan Company Ltd.Diamond & Jewellery2,34,411
JK Cement Ltd.Cement & Construction Materials23,102
Tube Investments of India Ltd.Diversified50,009
23 more rows
Apr 6, 2022

What are Motley Fool's top 5 growth stocks? ›

Great growth stocks
Company3-Year Sales Growth CAGRIndustry
Tesla (NASDAQ:TSLA)40%Automotive
Shopify (NYSE:SHOP)52%E-commerce
Block (NYSE:SQ)56%Digital payments
Etsy (NASDAQ:ETSY)48%E-commerce
6 more rows

What is the most successful stock of all time? ›

The Most Successful Stocks Of All Time
Institutional InvestorNo. of Shares
Berkshire Hathaway915.56 million
State Street576.28 million
Geode Capital Management285.17 million
Fisher Asset Management52.35 million
1 more row
Jun 12, 2023

Does helium coin have a future? ›

Helium has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, HNT could reach a new all-time high of $12.29.

What will helium crypto be worth in 2030? ›

Helium Price Prediction 2030
YearsAvg PriceHighest Price
April 2030$16.89$18.08
May 2030$17.29$18.50
June 2030$17.68$18.92
July 2030$18.07$19.34
8 more rows

What will helium price be in 2040? ›

Helium (HNT) Price Prediction
YearMinimum PriceMaximum Price
2029$53.35$65.76
2030$64.91$80.35
2040$215.24$251.64
2050$451.78$475.51
6 more rows

Will helium be gone in 15 years? ›

Once the gas leaks into the atmosphere, it is light enough to escape the Earth's gravitational field so it bleeds off into space, never to return. We may run out of helium within 25–30 years because it's being consumed so freely.

Will helium run out by 2030? ›

According to Nobel laureate Prof Robert Richardson of Cornell University, the US supplies 80 per cent of the helium used in the world at a very cheap rate and these supplies will run out in 25 to 30 years' time. Earth's helium reserves will run out by 2030, a leading expert has claimed.

Is helium gone forever? ›

The United States' reserves were purchased in 1925 and will be gone in only a hundred years from getting it. Once the Helium is released into the atmosphere it is gone forever. There is no chemical way of manufacturing Helium. The reserves the U.S. has came from very slow radioactive alpha decay that occurs in rock.

What was the highest price of helium coin? ›

The current price is $1.22 per HNT. Helium is 97.79% below the all time high of $55.22.

How long will our helium supply last? ›

Scientists estimate that, at the current rate of global consumption, there is a supply of helium for 100-200 more years. There are only a handful of significant sources of helium in the world — the U.S., Qatar, Algeria and Russia, chief among them.

Is helium mining worth it 2023? ›

Overall, Helium (HNT) mining in 2023 is expected to be a profitable venture for those who are willing to invest in the necessary equipment and have access to an optimal location.

Which coin has 1000x potential? ›

High Growth Crypto Coins and ApeMax: 10 Crypto Coins with 1000x Potential with ApeMax, Big Eyes, Ethereum, Shiba Inu, Chainlink and more.

Which crypto will make you millionaire in 2025? ›

3 Cryptos That Could Make You a Millionaire by 2025
COMP-USDCompound$36.50
AZERO-USDAleph Zero$1.0886
XCN-USDCryptonite$0.000277
May 9, 2023

Which crypto will skyrocket in 2025? ›

Overall, Ethereum's positioning as the blockchain at the forefront of Web3 development, and the significant demand for its network from thousands of crypto projects, makes it among the most promising cryptos that could 10X by 2025.

Which coin is going to pump? ›

We have narrowed down our choice of crypto coins that are expected to pump 30x before 2024 to eight. Prime suspects among them are Love Hate Inu (LHINU), DeeLance (DLANCE), Metropoly (METRO), Ecoterra (ECOTERRA), and RobotEra (TARO), as these tokens represent a new era in crypto development.

What's the next big crypto to invest in? ›

In that case, you can redeem yourself by checking out these nine next big cryptos, including AiDoge, RobotEra, yPredict.ai, EcoTerra, DeeLance, Love Hate Inu and more, that should be on your investment radar in 2023.

Which coin has the best future? ›

List of Best Future Crypto Coins
  • ApeMax (APEMAX): Revolutionizing meme culture with boost staking utility.
  • Ethereum (ETH): Leading smart contract platform enabling decentralized applications.
  • Solana (SOL): High-performance blockchain with fast transaction speeds and low fees.
1 day ago

What is the best crypto to invest in right now? ›

6 of the Best Cryptocurrencies to Buy Now
CryptocurrencyYTD returns through May 30
Bitcoin (BTC)67.4%
Ether (ETH)58.8%
Avalanche (AVAX)32.6%
Polygon (MATIC)18.9%
2 more rows

How to get rich from crypto in 2023? ›

Here are top 8 Ways to make money with Cryptocurrency in 2023:
  1. Cloud mining (9.8 points)
  2. Affiliate programs (9.7 points)
  3. Investing (9.5 points)
  4. Staking (9.4 points)
  5. Trading (9.4 points)
  6. Lending (9.2 points)
  7. Earning Interest (9.2 points)
  8. Airdrops (9.1 points)
May 7, 2023

Does Helium have potential? ›

Helium price prediction

Its HNT price prediction said: “Overall, Helium cryptocurrency has a positive outlook and potentially will continue growing in the future.” The HNT crypto price prediction from DigitalCoinPrice forecasts Helium to reach $15.53 by July, and $15.83 by the end of the year.

How many HNT coins are left? ›

Helium Price
Circulating Supply143,934,821 HNT
Total Supply223,000,000 HNT
Max Supply223,000,000 HNT

Will HNT be converted to Solana? ›

What will happen with my HNT balance? Your HNT balance will migrate to the Solana blockchain. All Helium tokens (HNT, IOT, MOBILE) will become Solana native tokens, or SPLs, after the migration. SPL is the token standard for Solana network tokens, analogous to ERC-20 tokens on the Ethereum network.

Who owns most of helium in the world? ›

Helium in the U.S.

Apart from being the world's main producer and one of the largest helium consumers, the U.S holds the most extensive helium reserves worldwide.

Why does NASA buy helium? ›

NASA requires helium to support the International Space Station Program as well as the Space Launch System and Orion Programs that support Artemis, the agency's missions to the Moon.

Why is helium so cheap? ›

Helium is extracted from natural gas where its percentage is usually under 1 percent but is still thousands of times more concentrated than in air, making it economical to produce.

Will helium reach $1,000? ›

Yes, it is possible that Helium can reach $1000 but only in a distanced future, after 2030. The global helium market is forecasted to reach US$20.17 billion in 2026, growing at a CAGR of 13% during the period spanning from 2022 to 2026. Growth in the global helium market was supported by ...

Is there a big demand for helium? ›

The global helium market will grow from $4.45 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%.

Is helium worth it now? ›

Absolutely ! I consider myself a hobbyist and my miner earns approximately . 30 HNT per day as I have a better than average location . I continue to mine in a bear market because eventually the bear will become a bull market and crypto prices across the board will rise once again.

What are the 5 best Cryptocurrencies to invest? ›

To date, there are 24,630 cryptocurrency projects out there in the cryptocurrency market that is estimated to reach $4.94 billion by 2030.
  1. Bitcoin (BTC) Market cap: Over $550 billion. ...
  2. Ethereum (ETH) Market cap: Over $ 220 billion. ...
  3. Tether (USDT) ...
  4. Binance Coin (BNB) ...
  5. XRP (XRP) ...
  6. Cardano (ADA) ...
  7. Solana (SOL) ...
  8. Polkadot (DOT)
Jun 14, 2023

What is the top cryptocurrency with the most potential? ›

1. AiDoge (AI) – Meme-Creation Crypto Platform With the Highest Potential for Growth.

What is the most undervalued cryptocurrency? ›

The list of 100 most undervalued cryptocurrency right now
#NameStatus
1FLOW FlowUndervaluedRSI14 (14/100)
2CHZ ChilizUndervaluedRSI14 (16/100)
3SLP Smooth Love PotionUndervaluedRSI14 (18/100)
4T Threshold Network TokenUndervaluedRSI14 (19/100)
48 more rows

What are the biggest crypto gain predictions? ›

In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2023, and others say it can climb to the mark in the first quarter of 2022. Others write that Bitcoin won't reach more than USD $70,000 by the end of 2022.

What is the best AI crypto to invest in 2023? ›

The following is a look at 10 of the hottest AI cryptocurrencies on the market today.
  1. Oasis Network (ROSE) Price: $0.05448. ...
  2. Render (RNDR) Price: $2.42. ...
  3. Injective Protocol (INJ) Price: $7.37. ...
  4. The Graph (GRT) Price: $0.1187. ...
  5. SingularityNET (AGIX) Price: $0.2718. ...
  6. inSure DeFi (SURE) ...
  7. OriginTrail (TRAC) ...
  8. IQ Protocol (IQ)
Jun 6, 2023

What is the best AI coin to invest in 2023? ›

Reviewing the Best AI Crypto Coins for 2023
  • Numeraire – Crypto Platform Hosting Data Science Tournaments for AI Developers. ...
  • Cortex – Blockchain Project Supporting On-Chain AI Inference. ...
  • Oasis Network – Privacy-Focused, Versatile Blockchain Network. ...
  • dKargo – AI-Based Protocol for Global Logistics.

Which crypto has the most potential 2025? ›

Overall, Ethereum's positioning as the blockchain at the forefront of Web3 development, and the significant demand for its network from thousands of crypto projects, makes it among the most promising cryptos that could 10X by 2025.

What crypto has the most potential to 100x? ›

8 Next Big Crypto To Invest In 2023 For Huge 100x Gains
  • AiDoge.
  • DeeLance.
  • EcoTerra.
  • RobotEra.
  • Love Hate Inu.
  • yPredict.
  • SOLA-X.
  • LunaFi.
May 3, 2023

Which crypto has potential to reach 1000x? ›

If one cryptocurrency can make it big, it's Ethereum. If it already went over 1000% over the course of a couple of months and it could go 1000% more over the next few months – that much potential this cryptocurrency has. Read more on what is Ethereum here.

Which crypto has the lowest risk? ›

Ethereum (ETH): Safety In Size

Ethereum (ETH) is the second largest asset in the cryptocurrency market, and with huge market capitalization comes less volatility. Going by this logic, Bitcoin is the least volatile asset in the market, closely followed by Ethereum.

What is the cheapest and most profitable cryptocurrency? ›

We narrowed down the search to the top 10 cheapest cryptocurrencies you should know about in 2023
  • Cardano. Cardano (ADA) is one of the fastest low-energy blockchains that is fully decentralized and peer-reviewed from its very start. ...
  • Polkadot. ...
  • Dogecoin. ...
  • Shiba Inu. ...
  • Avalanche. ...
  • XRP. ...
  • Maker. ...
  • Polygon.
Jan 16, 2023

Which crypto fluctuates the least? ›

From the typical cryptocurrencies, the least volatile are the:
  • TRX.
  • BTC (XXBTZ)
  • EOS.
  • BNT.
  • WBT.
  • XDG.

Which crypto has the most potential 2030? ›

Both DigitalCoinPrice and TechNewsLeader argue ether will see a greater rise. According to the former, Ethereum is predicted to gain 359% by 2030, and TechNewsLeader suggests ETH will rise by 2,683%. On the other hand, PricePrediction forecasts BTC will be the top gainer out of the two, and increase by 2,281%.

Which crypto coin is best to buy now? ›

Below, we outline our top picks for the best crypto to buy now in 2023:
  • Shiba Inu – A meme coin on the Ethereum blockchain.
  • Mina Protocol – An extremely lightweight blockchain.
  • The Sandbox – Metaverse and Gaming Digital Asset Monetization Platform.
  • XRP – Cryptocurrency with fast and low-cost transfers.
Jun 22, 2023

Is crypto doomed 2023? ›

Analysts believe the crypto market will recover in 2023. By the end of the year, the bulk of the bear market will be behind us; however, a full bull market, going by bitcoin price history, is not guaranteed. Some believe the bottom will be reached in the first quarter of 2023, with bitcoin falling to $10,000 or lower.

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