вЂњThis is because the only real use case for Helium is to use HNT to pay rewards to miners,вЂќ said Votta. It is the fastest rollout of a new wireless network ever, a truly impressive and remarkable feat.вЂќДЄccording to Votta, HNT is priced a little over fair value. вЂњHelium built and deployed an entirely new wireless network from scratch and achieved global adoption across more than 11,000 cities around the world in less than 24 months. 'Helium represents an entirely new business model for deploying wireless networks at scale at a fraction of the cost,' Ali Yahya, general partner at Andreessen Horowitz, said at the time in a statement. In August, A16Z alongside others invested $111 million into the Helium Network. A16Z is shorthand for Andreessen Horowitz, a venture capital firm that's investing heavily in the crypto industry. вЂњWith A16Z already having invested a lot of money in Helium, I think Coinbase will list eventually, '' added Votta. вЂњI wouldnвЂ™t be surprised if Coinbase lists HNT soon,вЂќ said Gerald Votta, head of GameFi research at Quantum Economics. In July 2020 the company wrote in a blogpost it had added HNT as an вЂњasset under reviewвЂќ and that it was вЂњconducting engineering work to potentially support the assets.вЂќД¬oinDesk reached out to Coinbase to ask whether it had plans to list HNT this year and a spokesperson responded with, вЂњWe don't comment on specific assets.вЂќ

The token is listed on FTXвЂ™s international exchange and Binance.US.Д¬oinbase has flirted with the idea of listing HNT, but there has been no follow up so far. crypto exchange, does not currently list HNT. Ultimately, that is a question best left to a regulatory body.вЂќ Will Coinbase list HNT?Д¬oinbase, the biggest U.S.

When asked whether Helium was concerned whether HNT might be deemed a security, HeliumвЂ™s Mong said, вЂњWe feel confident that our HNT incentive-based network serves a utility purpose to connect sensors to the internet. вЂњItвЂ™s possible that would be considered a security by the SEC and therefore is not listed on any domestic exchanges,вЂќ said Farrell.

If youвЂ™re raising money from somebody else, and the investing public has a reasonable anticipation of profits based on the efforts of others, that fits within the securities law.' Securities and Exchange Commission Chair Gary Gensler has previously said: вЂњI think that the securities laws are quite clear. Securities and Exchange Commission defines securities as fungible, negotiable financial instruments that represent some type of financial value, usually in the form of a stock, bond or option. investors вЂ“ possibly introducing the risk of regulatory intervention under applicable securities laws. (Messari)ДЇarrell said that a significant damper for the price right now is the cryptocurrency's general availability to U.S. HNT is down 52% from its all-time high reached in November 2021. Helium currently has a market cap of $2.9 billion. He compares Helium with T-Mobile, which currently has the largest existing 5G network and a market capitalization north of $150 billion. Looking at the current wireless market, Farrell expects the value of holding tokens in the Helium network to be valued higher than equity in a wireless carrier. The price is currently around $26, according to data from Messari. HNT reached an all-time high of $54.81 in November when bitcoin also reached its all-time high of $68,700. HeliumвЂ™s HNT token has been trading in the $20-$40 range since the start of the year and is down 32% in the last three months. Sean Farrell, vice president of digital asset strategy at Fundstrat Global Advisors, told CoinDesk in an interview that based on node growth and adoption, вЂњpeople might be underestimating how quickly Helium could take the market share from incumbent wireless carriers over the next few years.вЂќ So that's what might drive appreciation in the price of HNT: Greater usage of the network would theoretically make the tokens scarcer, and thus more valuable.