2023-12-30 20:40 |
Helium Mobile ($MOBILE) has seen its price spike by close to 100%, although the whole move has been retracing and bulls have been able to reduce the surge to just 30%. This spike is coming after the announcement of being listed on the major cryptocurrency exchange Bitget. According to an announcement tweet from user @binadam61, Helium Mobile is now tradeable on Bitget as of December 27th. To celebrate the listing, Bitget is giving away $4,000 worth of MOBILE tokens to users who register and complete KYC verification between December 27th and January 3rd.
About Bitget and the ListingFor context, Bitget is one of the largest cryptocurrency exchanges globally based on trading volume, exceeding $6.2 billion in daily derivatives trades. It is the world’s biggest platform for crypto copy trading and ranks in the top five for crypto derivatives trading volume. This makes Bitget’s listing of Helium Mobile and associated promotion a significant event.
About Helium MobileSo what exactly is Helium Mobile? According to a series of tweets from their official Twitter account @helium_mobile, Helium Mobile is a mobile network that utilizes “Dynamic Coverage.” This refers to a combination of the “people-built” Helium network and the infrastructure of major national 5G networks.
The Helium network itself is decentralized and built by individuals who deploy special hotspot devices to expand coverage. As the tweet explains:
“Each Helium Mobile Hotspot acts like a mini cell tower, enhancing connectivity in its vicinity. The beauty of this network is its decentralized nature. The power is in the hands of people nationwide who have chosen to deploy Hotspots in their communities, providing essential mobile coverage.”
When people add hotspots to the network, they can earn MOBILE token rewards. So participants are incentivized to grow the network while also reshaping telecommunications infrastructure.
The Spike ExplainedWith this background, Bitget’s major exchange listing and promotion have driven increased interest and awareness for Helium Mobile. With more venues to purchase and trade the MOBILE token, demand has risen, helping push the price up 30% at time of writing. For a project aiming to decentralize mobile connectivity, gaining the backing of a top exchange like Bitget brings significant validation.
As one of the largest exchanges giving away nearly $5,000 worth of MOBILE tokens to registered users, Bitget is demonstrating its confidence in Helium Mobile’s future. This vote of confidence combined with incentivizing new sign-ups has created the ideal conditions for pumping MOBILE’s price to new highs.
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The post Why Is Helium Mobile (Mobile) Pumping? Major Exchange Listing Spikes Price to New Levels appeared first on CaptainAltcoin.
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