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Networks of physical devices · Watchlist
HNT — Helium
A user-run radio network for mobile and WiFi; HNT rewards the operators who provide network coverage.
What it is for
- Set out to
- A LoRaWAN radio network for IoT devices built from privately run hotspots.
- Today in addition
- Mobile service over 5G and WiFi, carrier offload with T-Mobile, a move of the tokens to Solana.
- Notable
- Data Credits, a dollar-pegged consumption unit that can only be created by burning HNT.
- Strength
- Network operators as paying customers.
- Weakness
- Dependence on a few mobile partners.
Contract address
Chain: Solana
hntyVP6YFm1Hg25TN9WGLqM12b8TQmcknKrdu1oxWux
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
52of 91
Market capitalization
$126Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#5665numeric identifier
This asset is not in the sector barometer.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | did not yet exist |
| 2018 to 2021December 15, 2018 to November 8, 2021 | existed, but not measurable — reliable exchange days only from July 12, 2023 |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $1.365,427 satSeptember 11, 2023 | $10.0519,357 satFebruary 15, 2024 | in dollars +$8.69 (+636.5%)against Bitcoin +256.7%from $1.36 on September 11, 2023 to $10.05 on February 15, 2024 | in dollars -$7.92 (-78.8%)against Bitcoin -89.7%from $10.05 on February 15, 2024 to $2.13 on June 26, 2025 |
Only partly measured: reliable trading only from July 12, 2023. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2023: in dollars +280.9% (from $1.81 to $6.88) · against Bitcoin +173.7% |
| 2024: in dollars -15.4% (from $6.93 to $5.87) · against Bitcoin -59.9% |
| 2025: in dollars -58.0% (from $6.23 to $2.62) · against Bitcoin -68.2% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.1679259.58 satAugust 18, 2026 | $0.7705992.08 satAugust 30, 2026 | in dollars +$0.6026 (+358.9%)against Bitcoin +282.2%from $0.1679 on August 18, 2026 to $0.7705 on August 30, 2026 | in dollars -$0.3623 (-47.0%)against Bitcoin -45.6%from $0.7705 on August 30, 2026 to $0.4082 on September 15, 2026 |
| Year by year |
| 2026: in dollars +92.8% (from $0.2390 to $0.4608) · against Bitcoin +47.8% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
The questions answered for this asset
Net supply and issuance pressure2 of 20
Starting valuation and size leverage11 of 14
Survivability7 of 12
Liquidity quality6 of 10
Displacement risk10 of 10
Regulatory classification8 of 8
Relative strength against Bitcoin6 of 6
External capital channel1 of 5
Independence0 of 2
10 of the twelve criteria collected individually, nothing extrapolated. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The remaining criteria are not recorded individually for this asset; the total comes from the assessment of September 28, 2026.
For User growth per valuation and Supply lock-up it says “not determined” – that does not count.
The figures in detail
Price, as stored$0.6779
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceJune 2020
Age since listing6.2 years
Fees relative to valuationnot determined
Supply still lockednot researched
hard supply capyes
Carried by Nexonot found
Trading venues of 15 checkednot collected
Finding
Network launch 2019; for survivability the assessment model uses a project age of 7.08 years, while the line above gives the listing at CoinMarketCap. In June 2026 the holders approved 141 million new coins, around 38% of today’s supply in the first year. The supply cap was raised from 223 to 347 million — the project’s own website still advertises the old one. The price tripled within two days after the WiFi of a small Texan town was switched on; the announcement names neither a payment nor a term nor a contract value. The performance against Bitcoin is left open, because it was frozen for the other assets on August 28, 2026 and a figure calculated today would cover a different window. Criterion 10 has stood at one point since the re-collection of September 28, 2026; the value of plus three comes from the calculation correction of September 3, 2026 and is superseded.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Not found on the three public Nexo pages checked on September 1, 2026. That does not mean that Nexo does not carry the asset.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.