Helium Mobile (MOBILE) Skyrockets 60% in 24 Hours Amid Expanding Network and Solana Saga Demand

• Helium Mobile experiences a notable 100% surge, reaching $0.0067, coinciding with the sell-out of outdoor hotspots.
• Solana’s Saga phones and Helium Mobile’s $20 per month services witness high demand, leading to sell-outs.

The airdrop of the BONK tokens over the purchase of the Solana Saga phones created a major frenzy in the market with investors rushing to get a pie of the memecoin. However, there’s another Solana-based decentralized wireless network altcoin taking part in a massive rally amid these consumer-driven events.

The decentralized finance (DeFi) telecommunications initiative, Helium Mobile (MOBILE), has experienced a notable surge of 100% surge on Monday, December 18, surging from a Sunday low of $0.0042 to $0.0067 at the current time. Interestingly, the MOBILE price is also up by a staggering 575% on the weekly chart.

This sudden uptick coincides with the recent announcement from the Helium Mobile project, revealing the sell-out of their outdoor hotspot devices. These devices enable consumers to actively contribute to expanding the network’s coverage while earning MOBILE tokens as rewards.

Despite the sell-out of outdoor hotspots, the project assures potential users that indoor hotspots are still available for purchase. Additionally, customers acquiring Saga, the cryptocurrency-friendly flagship phone from the company associated with Solana, are offered a complimentary one-month subscription to Helium Mobile.

In a related development, the Saga phones have also sold out, as indicated in a recent announcement from Solana. The announcement notes:

The Saga is SOLD OUT! Words cannot describe how much we appreciate your support. We are nothing without this amazing community While these past few days will be cemented in our history, we’re excited for the future Stay tuned.

More About Helium Mobile

Helium Mobile has recently launched nationwide unlimited mobile services at a monthly rate of $20, garnering an estimated 8,000 subscribers for the mobile virtual network operator (MVNO). New Helium Mobile subscribers are presented with the opportunity to earn ‘mapping rewards’ during the onboarding process by sharing their phone’s session connection data with Helium.

Upon user agreement, a non-fungible token (NFT) is minted into their Helium (Solana) wallet. Holders of this NFT then receive a proportionate share of $MOBILE mapping rewards, which constitute 20% of the total $MOBILE rewards pool.

In the realm of cryptocurrency, Helium Mobile users can accumulate $MOBILE rewards, a form of cryptocurrency payment, by integrating an NFT supporting location monitoring on their phones. These mobile devices are equipped with access to a Helium cryptocurrency wallet operating on the Solana blockchain platform.

By embracing the NFT, users contribute to pinpointing Helium user congregations, aiding in hotspot deployment planning. Salvador Gala, co-founder of Escape Velocity Ventures, noted around 8,000 recipients of Helium Mobile’s NFT, offering insights into customer engagement.

Another count, totaling approximately 34,000, includes app downloaders opting into mapping, potentially indicating interest beyond plan subscriptions. Many users likely joined during the $5 per month service phase in Miami before the nationwide $20 per month launch.