- The Helium (HNT) price has experienced a decline, falling below $5.50, sparking speculation about its potential to reach $10.
- Despite the dip, the cryptocurrency’s bearish trend from March to April appears to have been broken, indicating a possible end to the latest bearish phase.
- Helium’s DePIN network, however, is yet to secure any meaningful global adoption, making its long-term success highly speculative.
As HNT price falls under $5.50, we delve into the Helium price prediction and explore whether it can reach the $10 mark. We also look at an alternative high-risk, high-reward investment in the form of Wiener AI (WAI).
Helium Price Prediction – Can HNT Reach $10?
After snapping its downtrend in late April, the Helium price has formed short-term support. This suggests that while a new bull run may not be imminent, the latest bearish phase is likely over. For a new push to yearly highs above $10 to begin, HNT needs to break above its 50 and 200DMAs, both of which are sat between $5.40 and $5.70. A convincing breakout above $6.0 should send the signal that these levels are gone. The next major area to target would be the $8.0 balance zone, followed by $10. Despite its small market cap of around $860 million, $10 is easily achievable for Helium.
HNT Alternative to Consider – Wiener AI (WAI)
For investors with a high-risk tolerance, presale investing might be a better strategy. This involves buying the tokens of new crypto projects before they gain traction. One such project catching the attention of analysts is Wiener AI (WAI), a fun new AI meme coin. Despite its risk, presale investing can yield big gains if investors can reliably identify good projects. WAI offers a suite of handy AI trading capabilities and has already raised over $1 million. With 20% of its supply allocated to staking rewards, presale investors are currently earning a massive 817% APY.
Conclusion
While HNT’s price has dipped below $5.50, its bearish trend seems to have been broken, indicating a potential for recovery. However, its long-term success remains speculative due to the lack of global adoption of its DePIN network. For high-risk-tolerant investors, alternatives like Wiener AI (WAI) offer potentially higher returns through presale investing. As always, it’s crucial to conduct thorough research and consider the risks before investing in any cryptocurrency.
