Helium’s native token HNT has been bloating in worth for the reason that begin of the 12 months. In line with CoinGecko, the token is up greater than 36% up to now week. Which means that the token is prepared for extra good points within the coming days or even weeks as Helium merges with the Solana blockchain.
In line with Helium’s tweet again on December sixteenth, the 2 blockchains will merge within the 1st quarter of this 12 months. Will HNT proceed its bullishness post-merge?

The Merge & Exterior Developments On Helium
The Helium-Solana consolidation occasion is not only the one factor marked for traders and merchants to observe. Nova Labs, previously generally known as Helium, and T-Cellular introduced a partnership again on September 20 final 12 months.  

Helium is migrating onto the @Solana blockchain ~Q1 2023. Do you know @Helium Hotspots will every be represented by an NFT on Solana—creating nearly 1 million new Solana NFTs through the Helium #MintORama?
If you happen to missed our Transition AMA on Dec. 1st, right here’s a recap. 🧵 👇
— Helium Basis (@HeliumFndn) December 15, 2022
In line with the press launch, the partnership would allow Helium Community customers to make use of the T-Cellular 5G community alongside with Helium’s personal native 5G community. This might entitle customers to opt-in of the MOBILE rewards system. 
This method rewards customers for sharing information about Helium’s lifeless spots location in america which might assist them save on mobile information plans. The general public beta launch of the rewards system will launch through the 1st quarter this 12 months. 
Picture: Securities.io
Helium and Solana’s merge occasion can even occur on the similar timeframe. The improve would allow the ecosystem to offer extra again to hotspot house owners as 2 million HNT could be allotted yearly for rewards. 
It will additionally make the community sooner and dependable because the proof-of-coverage system of Helium will get buffed. 
What Does This Imply For HNT?
As of writing, the token confronted a rejection at $3.4 with the bears attempting to achieve the $2.8 assist line. The primary few months of this 12 months may arrange HNT for larger heights because the rewards system and the merge of Solana and Helium occurs at practically the identical time.
With the token’s worth at $2.9, HNT is predicted to face challenges within the quick to medium time period as volatility enters the market. If the token’s present assist is damaged, traders and merchants might need a tough time to revert again to its present worth level.

Crypto whole market cap at $932 million on the each day chart | Chart: TradingView.com

Nonetheless, with the onset of its merge with Solana and the rewards system public beta launch, we’d see much less ache within the medium to long run. Buyers and merchants also needs to watch the token’s excessive correlation with Bitcoin as this might affect the value of HNT strongly. 
For now, traders and merchants are secure to carry HNT as this rejection may very well be rapidly handled with exterior bullish prospects.
Featured picture: Crestline



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