Tokens for the decentralized mobile network Helium have boomed in the past day, with protocol token MOBILE leading the pack.

MOBILE, a governance token mined by 5G-CBRS and Wi-Fi hotspots, is up over 60% on the day and a massive 821% on the week, currently trading at $0.00632984 per CoinGecko data. Helium’s native cryptocurrency HNT is up 2.4%, trading at $7.39, while its IOT token, which underpins Helium’s Internet of Things subnetworks, is up 11% over the past 24 hours.

The surge in Helium Network’s tokens follows the launch earlier this month of Helium Mobile’s $20/month no-contract smartphone plan, offering unlimited data, talk and text, and the network’s nationwide U.S. rollout.

Helium Mobile provides cellular phone service across the decentralized Helium network with support from T-Mobile’s nationwide 5G network, with the firm claiming that its subscription bundle is almost eight times cheaper than the average U.S. monthly cellphone bill. In a Twitter post at the weekend, Helium CEO Amir Haleem claimed that the network’s subscriber count has reached 12,500.

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Author: Stephen Graves

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