HNT uptrend accelerated in April when the helium community voted to introduce support for 5g infrastructure.

First there was the HNT halving which took place on August the 6th .

On August 10th Helium announced that Andreas and Horobits had led a massive VC funding round for HNT which totaled over 111 million dollars and featured other big names such as Alameda research.

On august 31st freedom phi announced that it would be the first to manufacture Helium Hotspots with 5g support.

The first 5g helium hotspot was delivered just a few days ago and freedom phi hopes to have 20,000 5g enabled Helium Hotspots set up by the end of the year.

Helium has onboarded over 150,000 Hotspots for its IOT network in less than a year. we will see at least the same amount of exponential growth for its 5g network and probably much more.

This is because the demand for 5g couldn't be higher and there's only one reason why 5g hasn't reached mass adoption yet. As highlighted by Helium founder Amir Haleem centralized 5g infrastructure is running into the same bottlenecks as IOT infrastructure.

5g signal has a very short range and this signal is easily disrupted something as minimal as too much humidity in a room could be enough to cut a 5g connection.

This means 5g towers need to be installed on almost every single home for 5g to be usable and the cost of setting up this kind of infrastructure in a centralized manner is too damn high. That's why Helium's goal is to incentivize people to run their own 5g towers and earn passive income for providing that service.

Now because the currency used to pay for this 5g connection will be HNT derived data credits this will increase the demand for HNT.

If legacy internet service providers begin leveraging helium as part of their own 5g infrastructure as emea recently hinted this would turn the HNT demand dial up to 11.This would send HNT well past the moon and into the next galaxy.

Now with a market cap of under 2 billion HNT could easily 10x within the next year assuming the crypto market continues to rally.

Besides 5g helium has a whole host of other milestones on the horizon these can be found on the helium github as helium improvement proposals or hips.

Helium Roadmap

HIP 24: Reward Splitting

There are about a dozen hips currently being discussed and a few are worth pointing out the first is HIP 24 which wants helium to introduce block reward splitting this would make it possible for helium hotspots to send their HNT rewards to multiple wallets instead of one.