Helium Network has proposed 27 March for its migration to the Solana network. The HNT token, alongside other assets, will also migrate to the new network. In a blog post dated 17 February, Helium Network [HNT] revealed that its migration to the Solana [SOL] network would begin on 27 March. As a result, all wallets, […]
network scalability made the transition to Solana possible. In addition, moving Proof-of-Coverage and Data Transfer processing to Oracles, with the switch to the Solana blockchain, frees up significant resources for scaling.There was a strong response to the latest statement, as evidenced by the price movement of HNT. As of 17 February, at the close of trading, the token had increased in value by 10.78%.
The token had support from the short Moving Average , which was visible beneath the price fluctuation. As of the time of writing, the support was around $2.5. With prices near $3.8, the long Moving Average acted as resistance.However, the volume of the price reacted differently. According to the Santiment’s volume statistic, there hasn’t been a significant surge in the metric. The volume has been low for some time, sitting at 5.91 million at press time.
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