Helium’s future could now rest within the hands of the blockchain. Helium is an intriguing investment to say the least, but it has since been outranked by Toon Finance. The one thing that you need to know about Helium is that it can be installed as a hotspot, meaning you can receive 5G wireless coverage in a way that is completely decentralized.
They have since made a big announcement, pushing a project known as HIP 70. This is going to transition the network for Helium to the Solana blockchain. Ever since this announcement was made, it looks like the coin has been on a bearish trend. It has dropped 11% in value and experts predict that this is not going to show any signs of slowing down. The shift has startled those within the community.
The basis of Helium is that it has worked with its own blockchain, but developers have since noted that Solana does come with its benefits. It is able to provide economies on such a vast scale that the investment simply makes sense.
This kind of scale was not available with the current network. In fact, a lot of people in the community actually backed this project originally. The push back however seems to have had a devastating impact on the coin. Some have said that the move could bring about a range of downtime issues, along with questions as to how decentralized the blockchain for Solana actually is.
Revenue and Helium’s Potential for the Future
Helium is a project that a lot of people are yet to dive into. If you look at the surface value- you will soon see that users can really engage with the network and that it could bring about a lot of benefits. So far however, it appears that the demand is somewhat limited.
There are reports of it only generating $6,500 in revenue even though capital raises stand at around $350 million. Of course, like a lot of projects, it would seem that this is still in its infancy. It is attempting to find a way to try and grow and it could well be that the blockchain is the way to go.
Whatever the case, it is important to take note that there are more negative feelings than positive right now. This volatile period could mark an interesting entry point for investors, but only time will tell if this is going to be the case or not.
Should you Invest in Helium Right Now?
So even though the entry point is good for Helium right now, the changes that are being made are just far too unpredictable to make sense. There is no telling whether or not this change is going to help the coin or harm it.
With this in mind, you also have other coins that are competing for the market share. Coins such as Toon Finance are rocketing in potential due to good decisions being made and high consumer demand. If you look at the presale data for coins such as Toon Finance, you will see that things are looking promising and that this could provide investors with a far better return overall.
Why Toon Finance is Surpassing Helium
Marketing analysts and experts have been spreading the word about Toon Finance for quite some time. The presales have exploded recently and media outlets across the world have been talking about the new coin on the market. Toon Finance might be a meme coin, but it is making waves in the community.
It has also been gaining a lot of traction, all around the world. The Toonie Airdrop is coming soon, and this is going to consist of well over 10,000 Toonie characters. The artwork alone is both professional and inviting, so it is not difficult to see how this could take off.
The current collection of Toonies are tough for most people to pass up, and the great thing about it is that the only thing you have to do is send over your wallet address. When you have done this, they can then airdrop the NFT right to you.
Toon Finance is decentralized and they have said that they are never going to ask their members for any kind of personal information. So far, the team have shown both honesty and transparency, and this has helped them to achieve the level of success that they are currently experiencing.
Toon Finance VS Helium Coin- Which One is Best for You as an Investor?
Toon Finance is certainly showing a lot of potential and it is interesting to see that it has really outranked Helium Coin. There are a lot of reasons for this. To begin with, Helium appears to have gone against what people originally hoped it would be. People wanted a decentralized 5G network but their partnership with Solana is questionable.
Toon Finance on the other hand have stuck to their guns and told their fans that they intend on making sure that everything stays private and secure. So far, they have lived up to this promise and the fact that they are so community focused is just one of the many reasons why they have experienced so much success over the last few weeks.
Their presales alone have shown how much faith people have in the coin, and it is safe to say that it has surpassed all expectations.
Of course, with the cryptocurrency market, it is expected that coins are going to rise and fall, but nobody really predicted that Helium would plummet like it has done. That being said, it has blazed a trail for a new coin, Toon Finance.
This is making waves in the crypto sector, and it is making it easier than ever for people to not only make solid investments, but for people to also feel secure knowing that they are not giving away any of their personal data when trading. It’s appealing to every type of investor, and the presale numbers are certainly reflecting this in a very positive way.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.