Decentralized Internet of Things (IoT) project, Helium Network (HNT), has experienced an astonishing surge in price, leaving investors wondering if it is too late to jump on board. The recent spike in Helium’s value is largely attributed to the launch of Helium Mobile, garnering significant interest from users in the United States. For $20 per month, users can enjoy unlimited usage of the Helium network. The excitement surrounding this development is palpable, as it represents the realization of years of hard work. However, this surge begs the question: is it still a good time to invest in Helium? Let’s delve deeper into the current state of Helium Network to find out.
Helium Network is currently trading at $8.99, showcasing a 24-hour change of +2.96%. This significant increase in price is a departure from the prolonged downward trend that plagued the coin for over 15 months, with a low point of $1.33. This recent surge has propelled Helium to levels not seen since August 2022, as it attempts to establish stability above the $9 level, which has historically acted as a support level. The technical structure of Helium’s price has shown resilience, with solid support from the 20-day moving average (20DMA) at $5.34 and a golden cross with the 200-day moving average (200DMA) at $1.97 in early November. However, caution should be exercised considering the overheated relative strength index (RSI) currently standing at 82, indicating the need for a retracement. On the other hand, the moving average convergence divergence (MACD) is displaying bullish divergence, which reflects a strong momentum. While the overall outlook for Helium’s price appears robust, it may be overextended at this stage, necessitating a minor retracement before further upside gains. A major resistance level to watch out for is $10, offering a potential increase of 8.72%. Conversely, a downside risk could drive the price down to $7.475, resulting in a potential loss of -18.93%. With a risk-to-reward ratio of 0.46, it may no longer be a prudent time to invest in Helium Network’s HNT.
While the potential entry point for Helium Network seems unfavorable, a new cryptocurrency presale has caught the attention of smart money investors. TG.Casino ($TGC) has raised a staggering $4,697,701, accounting for nearly 80% of its total fundraising goal in just a few weeks. This project differentiates itself from other Telegram bots and GambleFi narratives as it combines the excitement of the crypto casino world with the decentralized nature of blockchain technology. Being fully licensed and integrated into Telegram’s platform, which boasts over 700 million users, TG.Casino holds immense potential for growth. Its user-friendly interface, complemented by a no-KYC protocol, makes it appealing to both newcomers and experienced cryptocurrency users, facilitating seamless onboarding and fostering new user acquisition. With a wide range of offerings, including live Telegram casino games, slot machines, table games, and a comprehensive sportsbook, TG.Casino ensures an immersive and thrilling experience. The generous 150% matched deposit bonus and 500 free spins further entice users to embark on their journey. From a security perspective, users can rest assured as all data and funds are encrypted, providing robust protection against potential threats. The utility of the $TGC token extends beyond facilitating instant transactions; it lies at the core of this vibrant ecosystem. Furthermore, the presale offers a staking annual percentage yield (APY) of 142%, attracting a surge of interest from investors. The project’s well-designed buyback mechanism ensures price stability and regular rewards, generating a prosperous environment for the community. With its versatility, the $TGC token can be swapped for gaming credits or other cryptocurrencies, further bolstering its potential for growth and facilitating seamless transactions. As TG.Casino continues to gain traction, it presents a compelling opportunity for investors seeking exposure to the GambleFi landscape.
For those interested in being part of the TG.Casino presale, here are the steps to follow:
1. Visit the official website of TG.Casino.
2. Create a crypto wallet that supports ERC-20 tokens, as this is the standard for TGC tokens.
3. Purchase Ethereum (ETH) or Tether (USDT) tokens, as they are used for exchanging into TGC.
4. Connect your wallet to the presale dashboard on TG.Casino’s website.
5. On the dashboard, select the desired amount of TGC tokens you want to buy and choose the preferred currency.
6. Confirm the trade by ensuring all details are accurate.
7. Once the presale concludes, a Token Generation Event (TGE) will take place, allowing investors to claim their purchased tokens by clicking the “Claim” button on TG.Casino’s homepage.
While the timing may not be ideal for investing in Helium Network’s HNT, TG.Casino’s presale offers a front-row ticket to the future of Telegram GambleFi. The project’s well-balanced tokenomics, along with its all-encompassing ecosystem, attractive financial incentives, and user-centric approach, make it an enticing prospect. However, as with any investment, thorough research is essential. Ensure you are well-informed before embarking on any ventures.