The Helium goal of any crypto project is to achieve widespread adoption by providing a use case that offers real value that can be applied worldwide and in every home.
One project that has just made a significant step forward thanks to a user-controlled wireless network is Helium, a project focused on the Internet of Things 5G that will unveil a new partnership for Dish Network on October 26th.
Today we take another important step for 5G with the announcement of a new partnership between @FOOD and Helium Inc! DISH is the first major service provider to join #ThePe People’sNetwork, expand coverage with customers providing 5G hotspot.
Read blog: https://t.co/FjVsnd7zXv.
According to the announcement, this partnership will give Dish Network subscribers the ability to operate Helium nodes and earn HNT token rewards for sharing their 5G radio service with people close to them.
This is the first major carrier to integrate the Helium 5G network into its ecosystem and is a significant sign of the validation of the project and its technology.
In comments on Decrypt media, Helium COO Frank Mong explained the partnership in detail and why it makes sense for the future of the Helium network.
I want to say,
“Dish understands the potential of blockchain in the wireless industry, and as the first major service provider to join the People’s Network, this partnership truly affirms that the HNT incentive model is a powerful tool for delivering infrastructure at scale. Together with Dish and FreedomFi, Helium 5G will have a much greater range, with customers benefiting from the flywheel of network offerings and the applications that are made possible with them. “
Helium network is growing exponentially
The Dish Network partnership is the latest in a busy year of growth for the Helium network, which now includes more than 256,000 individual nodes around the world operated by 93,561 users.
This partnership with Dish Network was made possible thanks to a community vote in April that approved the addition of a second 5G network to the protocol through a partnership with FreedomFi. In this way, Helium can support devices such as smartphones, tablets and laptops.
Heliu is also increasingly supported by many hardware manufacturers who have started developing hotspots that are compatible with the Heliu network, and this is expected to expand the reach of the network.
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Data from Cointelegraph Markets Pro and TradingView show that the price of HNT rose 42.2% from its low of $ 16.45 on September 29 to a daily high of $ 23.50 on October 26, when its 24th Hourly trading volume increased 162.75% to $ 35. Million.
Cointelegraph Markets Pro’s VORTECS ™ data also began to see a bullish outlook for HNT on October 20, ahead of the recent price rally.
The VORTECS ™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points such as market sentiment, trading volume, recent price movements and Twitter activity.
As can be seen in the graph above, the VORTECS ™ Score for HNT started rising on October 20th, peaking at 78 in about 93 hours before starting to climb 15.6% over the next two days.