Helium (HNT) Continues Bullish Trend Post Halving as Network Adds new Feature

Helium (HNT) has been on a growth movement over the last month, as the network continues to break new grounds. Just last week, it went through its second halving which as expected, brought positive sentiment that pushed the price higher.

Prior to the halving, investors seemed to have developed interest in the asset in anticipation of the halving, causing the price to start surging prior to the halving event, but there’s more coming as far as Helium is concerned.

Since the halving, HNT has maintained the bullish trend, which is now fueled by new developments on the network. The Internet of Things network has more recently introduced the first ever connectivity as a service (CaaS) feature named Managed Helium on Datacake.

Why Managed Helium is a big deal

Helium is the first to introduce the world’s first innovative connectivity as a service known as Managed Helium. This is a significant milestone that revolutionizes the way IoT device connectivity works on the Helium network going forward.

By using Managed Helium, users no longer need an external console to Integrate LoRaWAN devices. All they need is to input the device key upon registration and the connection is done. The new feature makes the Helium network much more attractive to users, which could have strengthened the already positive sentiment around the HNT token, causing it to remain on a bullish path. 

Helium Surges 9%

With the positive energy building around Helium with the new Managed Helium feature, it’s hardly surprising that HNT is doing well. The token is up 9.77% in the last 24 hours as of the time of writing this report. 

It has also gone up 33.05% in the last seven days, making it one of the best performing assets among the top 150 within this period. This bullish price movement is also supported by a solid 7.06% increase in the trading volume of HNT, making it an authentic price movement that may be sustained for some time.