 Hello and welcome to Make Money Territory. In this video we will be talking about the latest update on Helium Mobile Crypto. Following the strong rise and subsequent healthy pullback of major altcoins, investors have turned their attention to smaller scale alternatives, leading to sharp price increases for many. One such altcoin is Helium Mobile's Mobile, which has seen its price jump by 62% in the last 24 hours, reaching $0.0062. Similarly, its trading volume surged by 200%, hitting $21 million. So, what's behind the rally of this altcoin? Here are the details. Helium Mobile is spearheading a dynamic shift in the crypto market towards smaller cap altcoins. The altcoin surge is mirrored in its trading volume, which has escalated by 243%, reaching $21 million. The driving force behind Helium Mobile's rapid price increase is attributed to the recent launch of its nationwide unlimited mobile services priced competitively at $1.20 per month. This strategic move has led to the Mobile Virtual Network operator, MVNO, amassing an estimated 8,000 subscribers. A unique aspect of Helium Mobile's service is the integration of blockchain technology, offering subscribers the chance to earn mapping rewards. Subscribers who opt to share their phone's session connection data with Helium are rewarded with a non-fungible token, NFT, minted into their Helium wallet, based on the Solana blockchain. These NFT holders receive a proportion of the mobile mapping rewards, which accounts for 20% of all-dollar mobile rewards. You might also like Helium Mobile's HNT tokens rally as market rebounds. The approach not only incentivizes users but also aids Helium Mobile in collecting valuable location data, ultimately reducing network usage costs and enhancing service efficiency. Salvador Gala, co-founder of Escape Velocity Ventures, a firm investing in decentralized web technologies, provided insights into Helium Mobile NFT issuance. According to Gala, approximately 8,000 individuals have received the Helium Mobile NFT, a figure that closely mirrors the company's subscriber count. Additionally, about 34,000 individuals have engaged with the app for mapping purposes, though they may not have subscribed to the service yet. This surge in Helium Mobile's value comes amid a general downturn in the broader cryptocurrency market. The total market capitalization currently stands at $1.55 trillion, having experienced a 2.52% decline. Leading the market, Bitcoin, BTC is trading at $41,012, with a 2% decrease in the last 24 hours, while Ethereum, ETH, has seen a 2.67% fall, currently priced at $2,156.82. Helium, HNT, known for its decentralized wireless network, recently shook up the telecom market with a groundbreaking $20 month unlimited cell phone plan in the United States. This affordable option has gained significant traction compared to the average monthly phone bill. The mobile virtual network operator, MVNO, has attracted around 8,000 subscribers, thanks to a clever incentive system. New Helium Mobile users are lured in by the chance to earn mapping rewards through sharing their phone's session connection data with the Helium network. By saying yes to this offer, users receive a special, non-fungible token, NFT, minted into their Helium wallet on the Solana blockchain. Holding this NFT means a share of 20% in all-dollar mobile rewards. The strategic integration of NFTs not only helps Helium Mobile identify busy areas, improving services by encouraging more hot spots, but also cuts down costs by reducing reliance on external networks like T-Mobiles. Digital expert Salvador Gala notes that about 8,000 people have acquired these unique digital tokens, and another 34,000 have downloaded the app, indicating widespread interest in what Helium Mobile is doing. While many cryptocurrencies face challenges, Helium Mobile stands out, catching attention with its unique approach to cell phone services. The seamless integration of NFTs and the growing demand for Helium Mobile services continue to drive its surge in value and popularity. Helium Mobile recently started offering unlimited mobile services nationwide for a monthly fee of $20, and current estimates suggest the Mobile Virtual Network Operator, MVNO, has reached about 8,000 subscribers. As part of its market entry, Helium Mobile offers new subscribers the option to earn mapping rewards in exchange for sharing their phone's session connection data. This option has increased interest in the altcoin mobile. In return for accepting this offer, an NFT is minted in users Helium Solana wallets and the owners of this NFT receive a proportional share of the mobile mapping rewards, which make up 20% of all mobile rewards. In cryptocurrency terminology, this means that Helium Mobile users can receive mobile rewards in the form of cryptocurrency by placing an NFT that supports location tracking in their phones. These mobile phones are equipped with access to a Helium cryptocurrency wallet operating on the Solana blockchain. Customers' use of the NFT option allows Helium Mobile to determine user locations. These data are very valuable for Helium Mobile as they enable the company to encourage users to establish active spots in these areas and ultimately reduce mobile network usage payments to T-Mobile. Salvador Gala, founding partner of Escape Velocity Ventures, which invests in the decentralized Web, DY, space, shared his thoughts on the issuance of Helium Mobile NFTs. According to Gala, a crypto tracking site shows approximately 8,000 buyers of Helium Mobile's NFT, a figure believed to represent an accurate customer count. Another figure, totaling around 34,000, suggests the number of people who have downloaded the app and chosen mapping but may not yet have subscribed to a mobile phone plan. Gala also emphasized that a significant portion of Helium Mobile customers had signed up during the period when $20 monthly services were available in Miami before the launch of the nationwide $5 monthly services. Looking ahead, predictions suggest a minimum price level of $0.0128 for Helium Mobile in 2024. The anticipated maximum price is $0.0152, with an average hovering around $0.0132 throughout the year. Thanks for watching, please don't forget to subscribe for more updates.